Bank Asia, SME Foundation sign deal
As a partner bank, Bank Asia signed agreement with SME Foundation to receive revolving fund under Stimulus Package for distributing among SME entrepreneurs.
Md Arfan Ali, president and managing director of Bank Asia Ltd, and Md Mafizur Rahman, managing director of SME Foundation, signed the agreement at the Pan Pacific Sonargaon Dhaka in the capital city on Wednesday, a press release said.
Under the agreement, Bank Asia will disburse the allotted fund 4 per cent interest to SME entrepreneurs across the country's rural and marginal population to accelerate economic recovery from the Covid fallout and to improve the rural living standard.
Sheikh Mohammad Salim Ullah, secretary of financial institutions division at the ministry of finance, Md Masudur Rahman, chairman of SME Foundation, and senior officials from other partner banks and non-banking financial institutions were present.
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