Prime Bank has signed a Participating Financing Institution (PFI) agreement with Bangladesh Bank to avail pre-financing under the project “Program to Support Safety Retrofits and Environmental Upgrades in the Bangladeshi RMG sector Project (SREUP)".
The project is being implemented under SME and Special Programmes Department (SMESPD) of Bangladesh Bank with Euro 50 million loan fund and Euro 14.29 million grant facilities from AFD, France and other developing partners to provide financial and technical support to readymade garments (RMG) factories for safety and environmental upgrades.
Md. Abdul Mannan, General Manager and Project Director (SREUP) of Bangladesh Bank, and Faisal Rahman, Managing Director and CEO (Current Charge) of Prime Bank, signed the agreement on behalf of the their respective organization at Jahangir Alam Conference Hall at Bangladesh Bank December 10, 2020. Abu Farah Md. Naser, Executive Director of Bangladesh Bank was the Chief Guest at the signing ceremony.
