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2018-08-07
EBL signs agreement with Bangladesh Bank under "Investment Promotion and Financing Facility II (IPFF II) Project"
A participating agreement between EBL and Bangladesh Bank has been signed under Investment Promotion and Financing Facility II (IPFF II) Project on August 7, 2018 at Bangladesh Bank head office, Dhaka.

In presence of the Governor of Bangladesh Bank, Ahmed Jamal, deputy governor and Project Director of Investment Promotion and Financing Facility II (IPFF II) Project, Bangladesh Bank and Hassan O. Rashid, Additional Managing Director of EBL signed on behalf of the respective organizations. Among others, AKM Abdullah, Senior Financial Sector Specialist of World Bank; Ahmed Shaheen, Deputy Managing Director and Head of Corporate Banking; Md. Obaidul Islam, Head of Financial Institutions and OBU of EBL and other high officials of Bangladesh Bank and EBL graced the event with their presence.

Under this project, Bangladesh Bank as administrator of the project has formed approximately USD 403.70 million for lending to Participating Financial Institutions authorizing them to refinance it to Power and infrastructure projects in Bangladesh.

EBLs customers in Power and infrastructure projects can be benefited by availing this low cost facility.

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