SBAC Bank has disbursed a loan amounting Tk. 70.00 Lac to an innovative technology firm PEARS Global Limited under the start-up fund of the Bank. The Bank's Managing Director & CEO Habibur Rahman handed over the loan approval letter to the startup company's CEO ABM Amir Khosru at the Bank's Head Office on Tuesday.
While, Bank’s Deputy Managing Director Md. Abdul Matin & Md. Altaf Hossain Bhuyan and others senior executives of the bank were present in the occasion.
SBAC Bank formed this fund from its operating profit for new entrepreneurs in IT sector under the direction of Bangladesh Bank and start-up entities are getting loans at 4 percent interest. The central bank also has formed a refinance scheme of Tk. 500 crore in this sector.
