BB inks Tk5,000cr deal with 32 banks

The Bangladesh Bank on Thursday inked "Participation Agreements" with 32 commercial banks for Tk 5,000 crore Green Transformation Fund (GTF) with the aim of getting a refinancing facility under this fund.

The central bank has introduced the refinance fund for the acceleration of green practice and sustainable growth in export-oriented and manufacturing industries, read a press release.

The Sustainable Finance Department of the Bangladesh Bank organised the participation agreement signing ceremony at the BB’s Jahangir Alam Conference Hall.

Bangladesh Bank Governor Abdur Rouf Talukder was present as the chief guest on the occasion while Deputy Governor Kazi Saidur Rahman, Executive Director Md Khurshid Alam, Director of the Sustainable Finance Department Chowdhury Liakat Ali and other officials of the department concerned were present at the event.

On behalf of the Bangladesh Bank, Liakat Ali and respective managing directors or chief executives signed the agreement on behalf of their organisations.

In addition, governor, deputy governor, managing director of Sonali Bank Ltd on behalf of state-owned commercial banks and managing director of Eastern Bank Ltd on behalf of the private banks delivered speeches on the occasion.