BRAC Bank to provide home loan to govt officials

BRAC Bank has signed an agreement with the Finance Division under the Ministry of Finance to offer home loan facilities to government officials.

To this end, the parties signed a memorandum of understanding (MoU) at the office of Ministry of Finance in Dhaka on December 29, said a press release.

This agreement will enable permanent government employees to take home loans to construct buildings, buy ready flats or house, or group constructions.

The limit of the home loans will be between Tk 20 lakh and Tk 75 lakh.

Biswajit Bhattacharya Khokon ndc, Additional Secretary, Ministry of Finance; and Syed Abdul Momen, DMD and Head of SME Banking, BRAC Bank; signed the agreement on behalf of their respective organisations.

Ministry of Finance's Joint Secretary Dil Afroza, Deputy Secretary Mst Nazneen Sultana and Senior Assistant Secretary Md Shahin Reza, and BRAC Bank’s Head of Retail Banking Md Mahiul Islam, Head of Lending Monirul Islam Rony, Senior Zonal Head Taher Hasan Al Mamun, Head of Branch Governance and Regional Head Ali Talukder were also present on this occasion.