EBL signs participation agreement with Bangladesh Bank

Eastern Bank Limited ( EBL) signed an agreement with the Bangladesh Bank for participation in Export Facilitation Pre-finance Fund worth Tk1,000 crore.

Ahmed Shaheen, additional managing director of EBL and Abdur Rouf Talukder, governor of Bangladesh Bank, signed the agreement on behalf of their respective organisations at a signing ceremony held Tuesday (30 January) at the central bank, reads a press release.

Direct and indirect exporters will have the opportunity to take loans in local currency for a period of 180 days, against the purchase or import of raw materials at a 4% interest rate.

Link: https://www.tbsnews.net/economy/corporates/ebl-signs-participation-agreement-bangladesh-bank-577986?amp