Business Report :
Eastern Bank PLC (EBL) gets US dollar 35m loan from OPEC Fund for International Development towards building economic resilience of Bangladesh by enhancing access to finance for small and medium enterprises (SMEs), promoting agribusiness, trade finance and supporting green projects.
The OPEC Fund and EBL have signed the loan agreement in Dhaka recently, according to a media release.
Ali Reza Iftekhar, Managing Director of EBL, said, “EBL is a strong partner of Bangladesh’s development. This partnership with the OPEC Fund will help stimulate our financial support to SMEs, ensure food security, and green energy projects, and contribute meaningfully towards an inclusive, climate responsive, and sustainable future of Bangladesh.”
OPEC Fund President Abdulhamid Alkhalifa said: “Our partnership with Eastern Bank will help strengthen food security, climate resilience, and economic opportunities for people across Bangladesh.