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Standard Bank, BB sign participation agreement


Published : 11 Jan 2023 09:28 PM

Standard Bank Limited signed an agreement with Bangladesh Bank as a participating organization for distributing investments amounting to Tk 5000 Crore under refinancing scheme formed by the Bangladesh Bank to ensure the country's food security through increasing investment in agriculture. 

Under this agreement, Standard Bank will be able to disburse agricultural investment to small, marginal and lease farmers at a maximum rate of 4 percent.

In the signing ceremony held on 08 January 2023, at Jahangir Alam Conference Room of Bangladesh Bank.

In presence of Governor of Bangladesh Bank Abdur Rouf Talukder, Managing Director & CEO of Standard Bank Khondoker Rashed Maqsood and Director of Agricultural Credit Department of Bangladesh Bank Md. Abul Kalam Azad signed the agreement on behalf of their respective organizations. 

Deputy Governor A. K. M Sajedur Rahman Khan along with senior officials of Bangladesh Bank were present at the moment.