18 banks sign deal with BB for long-term USD loan facility
Business Report :
Eighteen private commercial banks on Tuesday signed a deal with the Bangladesh Bank (BB) to avail funds from the central bank’s long-term financing facility (BB-LTFF) for export-oriented manufacturing companies.
The banks are Mutual Trust Bank, City Bank, Bank Asia, Jamuna Bank, UCB, Southeast Bank, Trust Bank, NCC Bank, Premier Bank, Pubali Bank, Midland Bank, Shahjalal Islami Bank, Exim Bank, Standard Bank, Prime Bank, Dhaka Bank, Brac Bank and Eastern Bank.
The banks signed the deal with the central bank in a programme held on Tuesdayat the BB headquarters.
Before the move, the central bank unveiled a long-term financing facility for private sector firms, mainly export-oriented manufacturers, to help them borrow in US dollars to purchase equipment and services needed to run sustainable operations.
