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Dhaka Bank signs deals with BB for refinance schemes

A K M Shahnawaj, Additional Managing Director of Dhaka Bank, and Nawshad Mustafa, Director of SMESPD of Bangladesh Bank, sign an agreement to avail refinance schemes under "Cluster Financing Scheme" and "Financial Sector Fund for the Development of MSMEs (FSFDMSME)" on behalf of their respective organisations in Dhaka recently. Nurun Nahar, Deputy Governor of Bangladesh Bank, was present at the event as the chief guest.

Dhaka Bank PLC has signed participation agreements with Bangladesh Bank for refinance scheme under the 3,000 crore “Cluster Financing Scheme” and 1,500 crore “Financial Sector Fund for the Development of MSMEs (FSFDMSME).

Under this agreement Dhaka Bank will provide loans to cluster entrepreneurs and MSMEs at a concessional interest rate of 7 per cent.

The signing ceremony was at the Jahangir Alam Conference Hall of Bangladesh Bank, where Nawshad Mustafa, Director of SMESPD of BB and A K M Shahnawaj, Additional Managing Director of Dhaka Bank PLC exchanged the agreement on behalf of their respective organizations.

in the presence of Nurun Nahar, Deputy Governor of Bangladesh Bank and chief guest of the occasion.
Among others, Ms. Husna Ara Shikha, Executive Director of Bangladesh Bank, Md. Mahbubur Rahman Palash, EVP & Head of MSME & Emerging Business Division of Dhaka Bank and other officials of Bangladesh Bank were also present in the signing ceremony.