Padma Bank inks deal with BB for CMSME loans

Published : 26 Sep 2023 09:02 PM

Padma Bank has signed an agreement with Bangladesh Bank for the disbursement of loans under the refinance and pre-finance schemes of Tk 25,000 crore to the Cottage, Micro, Small and Medium Enterprise Sector (CMSME) of the country.

The participation agreement signing ceremony was held at the Bangladesh Bank office on Monday.

Managing Director (Current Charge) of Padma Bank Faisal Ahsan Chowdhury and Executive Director of Bangladesh Bank Dr. Mohammad Kabir Ahmed signed the agreement on behalf of their respective organizations.

Director of Bangladesh Bank Mohammad Ashiqur Rahman, SEVP Sabbir Mohammad Sayem and Head of SME and Agriculture Banking Division Md Riazul Islam of Padma Bank, and senior officials of the two organizations were present in the occation.