One Bank Limited signed a master facility agreement under Investment Promotion and Financing Facility (IPFF) with Bangladesh Bank (BB) at BB’s head office on Wednesday, says a press release. Farman R Chowdhury, managing director of One Bank, and S K Sur Chowdhury, executive director of Bangladesh Bank, signed the agreement.

Johora Bebe, deputy managing director, Rozina Aliya Ahmed, senior executive vice president and head of marketing, Shabbir Ahmed, executive vice president and head of asset marketing, and Abu Saleh, vice president, syndication and structured finance unit, One Bank Limited, and Husne Ara Shikha, joint director and deputy project director, Goutam Kumar Ghosh, deputy director, IPFF Cell, Bangladesh Bank, and other officials of both organisations also attended the signing ceremony.

Government has taken the IPFF project to make available partial debt financing through private sector financial intermediaries for eligible, government-endorsed infrastructure projects, to be developed by the private sector. Projects developed solely by the private sector but identified by the government to be in the public interest will also be eligible to get financing under IPFF.  

Under the agreement, One Bank will enjoy financing facility from the World Bank, administered by Bangladesh Bank, for extending credit facilities to infrastructure projects.

The Daily Independent/Bangladesh/ 13th Jan 2012