10 more banks sign for green transformation fund

Bangladesh Bank (BB) has signed separate agreements with 10 more private banks to facilitate fund for a long-term financing under the “Green Transformation Fund for Export-oriented Textile and Textile Products and Leather Manufacturing Industries”.

Under the deals, the ten banks – Al-Arafah Islami Bank Limited, Bank Asia Limited, Exim Bank bbLimited, Modhumoti Bank Limited, Mutual Trust Bank Limited, NCC Bank Limited, NRB Bank Limited, Dhaka Bank Limited, South Bangla Agriculture and Commerce Bank Limited and Trust Bank Limited – would provide the long-term financing for transforming the export-oriented industries into green industries, said a press release on Thursday.

BB’s Deputy Governor Shitangshu Kumar Sur Chowdhury presided over the agreement signing ceremony while general manager of Sustainable Finance Department Manoj Kumar Biswas, chief executives of related banks and senior officials of Bangladesh Bank were present.

The central bank earlier signed similar agreements with six other banks. The banks include Eastern Bank Limited, Jamuna Bank Limited, Mercantile Bank Limited, Prime Bank Limited, Shahjalal Islami Bank Limited and South East Bank Limited.


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