Standard Bank signed an agreement with Bangladesh Bank on Thursday at the Jahangir Alam Conference Hall of Bangladesh Bank to provide loans as part of the refinancing fund set up by Bangladesh Bank for technological development of export oriented industries.
Enhancement of competitiveness and sustainability of export oriented industries in the international market requires environment friendly production process, fuel economy and efficiency, working environment development and modernization of production equipment and technology.
To this end, a fund of BDT 1000 Crore was set up from Bangladesh Bank's own sources. Deputy Governor of Bangladesh Bank Abu Farah MdNaser was present as the chief guest at the signing ceremony. KhondokerRashedMaqsood, Managing Director & CEO of Standard Bank and KhandakerMorshedMillat, General Manager of Bangladesh Bank signed the agreement.
Executive Director of Bangladesh Bank NurunNahar, Deputy General Manager ChowdhuryLiakot Ali, Additional Managing Director of Standard Bank Md. TouhidulAlam Khan, Vice President of Investment Division Tapas Kumar Mandal and other officials of both the organizations were present at the moment.