5:01 pm - Monday December 3, 3336

PBL inks deal with BB under FSSP

Pubali Bank Limited (PBL) signed an agreement with Bangladesh Bank which will facilitate the banks with Long-Term Financing under the World Bank funded Financial Sector Support Project (FSSP). Bangladesh Bank has created this fund under the support of the World Bank.

Bangladesh BankExecutive Director (FSSP) of Bangladesh Bank Md. Ahsan Ullah and Managing Director & CEO of Pubali Bank Limited Md. Abdul Halim Chowdhury signed the agreement on behalf of their respective organizations.

Deputy Governor of Bangladesh Bank SK Sur Chowdhury and Additional Managing Director of Pubali Bank Limited Safiul Alam Khan Chowdhury were present at the agreement signing ceremony.

Senior Officials of Bangladesh Bank, Chief Executive Officers of the commercial Banks and General Manager of Credit Division of Pubali Bank Ltd. Habibur Rahman were also present at the agreement signing ceremony.

Pubali Bank Limited has connected to this fund which will finance $300 million for meeting the growing demand for long-term financing for productive industries in the country.