NRBC Bank joins Tk3,000cr agri refinancing scheme

NRBC Bank PLC has signed an agreement with Bangladesh Bank to disburse loans under a Tk 3,000 crore refinancing scheme for an agriculture-based economic hub in northern Bangladesh, according to a press release.

The fund seeks to strengthen food security, generate employment, reduce poverty, and support economic development across the Rajshahi and Rangpur divisions.

The agreement was signed at Bangladesh Bank’s Jahangir Alam Conference Room on 31 August in the presence of Bangladesh Bank Deputy Governor Dr Md Kabir Ahmed.

Bangladesh Bank’s Agricultural Credit Department-2 Director AKM Saiduzzaman and NRBC Bank Managing Director and CEO Dr Md Touhidul Alam Khan, FCMA, signed the agreement on behalf of their respective institutions.

Bangladesh Bank Spokesperson and Executive Director Arif Hossain Khan, Head of the Credit Risk Management Division at NRBC Bank Mir Md Abbas Ali and senior officials from both organisations attended the ceremony.