Standard Bank has signed a participation agreement with Bangladesh Bank under “Covid -19 Emergency & Crisis Response Facility Project(CECRFP) on Sunday at Head Office Premises of Bangladesh Bank, Dhaka.
Under the agreement, SBL will get re-finance facility against USD 300.00 million fund supported by Asian Infrastructure Investment Bank (AIIB) for allowing Investment facilities to CMSME(s) at 4% rate under Covid-19 Stimulus packages.
In presence of Abu Farah Md. Nasser, Deputy Governor of Bangladesh Bank, Md. Habibur Rahman, Managing Director & CEO of Standard Bank and Md. Abdul Wahab, Director (CECRFP) & Project Director, SMESPD, Bangladesh Bank signed the agreement on behalf of their respective Organizations.
Dr. Md. Kabir Ahmed, Executive Director of Bangladesh Bank, Md.Touhidul Alam Khan, Additional Managing Director & CRO of Standard Bank, Mohammad Zakir Hossain, Head of SME Business and other officials of Bangladesh Bank were present in the ceremony.