MTB Signs Participating Agreement with Bangladesh Bank

Mutual Trust Bank Limited (MTB) signed Participating Agreement with Bangladesh Bank for Technology Development Fund.

The Bangladesh Bank has established a refinance scheme of BDT 1,000 crore. Under this agreement, the PFIs will be provided with refinance facility from Bangladesh Bank against the disbursement of term loan/investment (in local currency) favoring its client to procure machinery/technologies for the modernization and technological development of export-oriented industries.

A signing ceremony between Commercial Banks and Non-Bank Financial Institutions (NBFIs) and Bangladesh Bank (BB) was held at Bangladesh Bank, Dhaka.

A total of 9 Banks and 5 NBFIs signed the agreement under this project.

Ahmed Jamal, Deputy Governor, Bangladesh Bank was present in the closing ceremony. Among others, Md Shahidul Islam, Executive Director & Khondkar Morshed Millat, General Manager, Sustainable Finance Department from Bangladesh Bank and Syed Mahbubur Rahman, Managing Director & CEO and Md. Ehethesham Rahman, Head of Structured Finance & Corporate Business Unit-6 from MTB, Managing Directors & CEOs of participating Banks & NBFIs and other senior officials from Bangladesh Bank, Banks and NBFIs.