Premier Bank signs deal with BB

Premier Bank Ltd recently signed a participation agreement with the Financial Sector Support and Strategic Planning Department (FSSSPD) of the Bangladesh Bank to avail refinance facility in US dollar.

Liza Fahmida, director of the FSSSPD of the central bank, and M Rezaul Karim, managing director and CEO of Premier Bank, inked the deal at the former's headquarters in Motijheel, said a press release.

Under this agreement, exporters, enterprises and other manufacturing industries in the country may avail refinance funds to support their businesses.

The fund will be provided under the BB-LTFF to facilitate long-term financing for firms, mainly export-oriented manufacturing industries.

Nurun Nahar, deputy governor of the BB, Md Touhidul Alam Khan, additional managing director and chief credit officer of Premier Bank, along with senior officials from both organisations were present.