Southeast Bank strikes participation deal with BB

Southeast Bank Ltd yesterday signed a participation agreement with the Financial Sector Support and Strategic Planning Department of the central bank for availing its refinance facility in US dollars under the Bangladesh Bank Long-Term Financing Facility (BB-LTFF) for facilitating long term financing for firms, mainly export-oriented manufacturing industries.

Under this agreement, exporters, enterprises and other manufacturing industries in the country may avail refinance funds for supporting their business.

Liza Fahmida, director of the Financial Sector Support and Strategic Planning Department, and Nuruddin Md Sadeque Hossain, managing director of Southeast Bank, signed the deal at the central bank headquarters in Motijheel, said a press release.

Nurun Nahar, deputy governor of Bangladesh Bank, and other high officials from both organisations were present.