Home ›› 19 May 2020 ›› World Biz
Fourteen commercial banks have inked a deal on Monday with Bangladesh Bank to get government-announced loan for the big industry and service sector amounting to Tk 30 thousand crore to soften the coronavirus blow.
Of the total amount, BB will give Tk 15 thousand crore under its refinancing programme to expedite the process of loan disbursement.
From this fund, entrepreneurs of big industries and service sector will get loan at the rate of 4.5 percent interest while the rest 4.5 percent interest will be given to commercial banks in subsidy by the central bank.
Bangladesh Bank will finance Tk 15 thousand crore to commercial banks so that they are not caught off guard while smoothly disbursing the loan.
The commercial banks can borrow from BB at the rate of 4 percent interest for a three-year period.
Sonali Bank, Agrani Bank, Rupali Bank, Dhaka Bank, Shahjalal Islami Bank, Trust Bank, Union Bank, South Bangla Bank, Southeast Bank, NRB Commercial Bank, NRB Global Bank, Commercial Bank of Ceylon Bank, One Bank and Mercantile Bank have entered into the agreement yesterday to borrow from this fund. Bangladesh Bank Executive Director Masud Biswas, General Manager of Offsite Supervision Department Sahidul Islam and MDs of the banks were present at the signing ceremony.
Sources in the central bank said, in total 44 banks and 21 financial institutes will take loan from the fund and rest of the banks and financial institutes will sign the pact soon.
