Published on 12:00 AM, January 12, 2023

Bank Asia, BB sign deal on agri refinance fund

Adil Chowdhury, president and managing director of Bank Asia, and Md Abul Kalam Azad, director of the agricultural credit department of Bangladesh Bank, exchanged signed documents of a participatory agreement on disbursement of loans at an interest rate of 4 per cent under a refinancing scheme of Tk 5,000 crore for food security of the country at the central bank’s headquarter in Dhaka on Sunday. Abdur Rouf Talukder, governor of Bangladesh Bank, was present. Photo: Bank Asia
Star Business Desk

Bank Asia Limited has signed a participatory agreement with Bangladesh Bank (BB) under a refinance scheme of Tk 5,000 crore for the agriculture sector aiming to ensure food security of the country.

In presence of Abdur Rouf Talukder, governor of Bangladesh Bank, Adil Chowdhury, president and managing director of Bank Asia, and Md Abul Kalam Azad, director of the agricultural credit department of Bangladesh Bank, exchanged the signed documents of the agreement on behalf of their respective organisations at the central bank's headquarters in Dhaka on Sunday.

Under this agreement, Bank Asia will disburse agricultural credit to the marginal farmers at an interest rate of 4.0 per cent through its own network, said a press release.

AKM Sajedur Rahman Khan, deputy governor of the central bank, along with other high officials of Bangladesh Bank were also present.

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