BP Business Desk
Due to Novel Corona Virus (Covid-19) pandemic in the country, large scale industries and service sectors have to deal with potential economic impacts.
In this regard, Prime Minister Sheikh Hasina declared Tk 30,000 crore financial stimulus package through Bangladesh Bank and Bangladesh Bank published BRPD Circular No-8 dated 12.04.2020 to provide the stimulus package to affected large scale industries and service sectors.
Bangladesh Bank vide BRPD Circular No-10 dated 23.04.2020 declared Tk.15,000.00 (Fifteen Thousand) crore Revolving Refinance Scheme to ensure liquidity to large scale industries and service sectors.
Bangladesh Bank and Mercantile Bank Limited signed an agreement under aforesaid refinance scheme for affected large scale industries and service sectors.
Md Quamrul Islam Chowdhury, Managing Director and CEO of Mercantile Bank Limited and Md Masud Biswas, Executive Director, Department of Offsite Supervision, Bangladesh Bank signed the agreement on behalf of their respective organizations at the Zahangir Alam Conference Center of Bangladesh Bank.
Md Shahidul Islam, General Manager, and other officials of Department of Offsite Supervision, Bangladesh Bank and Shamim Ahmed, SVP and Head of CRMD and Md Mustahidur Reza Chowdhury, FVP CRMD were also present on that signing ceremony.
