NRB Bank, BB sign LTFF agreement

Business Report :

NRB Bank Ltd (NRBBL), as a participant in the Bangladesh Bank-Long Term Financing Facility (BB-LTFF), has signed A PARTICIPATING AGREEMENT (PA) with Bangladesh Bank (BB).

Liza Fahmida, director of the Financial Sector Support and Strategic Planning Department of the central bank, and Md Omar Faruk Khan, managing director & CEO (CC) of NRB Bank, signed the agreement on behalf of respective organization at the BB’s headquarters in Motijheel on Tuesday.

BB-LTFF would be funded by Bangladesh Bank to continue providing long term financing for private sector firms in US dollars, mainly the export-oriented manufacturing (small, medium and large) firms with a view to contributing to the national economy with increased outputs, job creation and economic growth of the country.