Bangladesh Bank recognises IPDC Finance

IPDC Finance has received official recognition from Bangladesh Bank for meeting Covid-19 stimulus loan disbursement targets of the first

phase in FY 2020-21 for cottage, micro, small and medium enterprises (CMSMEs).

The banks and financial institutions with loan disbursement targets of more than Tk 10 crore were selected for the award by the central bank.

Bangladesh Bank Governor Fazle Kabir handed over a certificate of recognition to IPDC’s Managing Director and CEO Mominul Islam at a ceremony at the central bank recently, the non-banking financial institution said in a statement.

Mominul Islam said, “We are thankful to the central bank that they gave us the opportunity to find greater meaning in our existence by enabling us to help CMSMES revive from the darkness of pandemic effect. This recognition by Bangladesh Bank will inspire us to continue our relentless efforts to stand beside the

CMSMEs.”

IPDC Finance was able to successfully meet the target within the initially announced deadline it added.