Community Bank signs participating agreement with Bangladesh Bank

Community Bank Bangladesh PLC, as a participant in the Bangladesh Bank-Long Term Financing Facility (BB-LTFF), has signed a Participating Agreement with Bangladesh Bank.

Based on the success of the recently completed LTFF under the FSSP, Bangladesh Bank now decided to continue providing long-term financing for private sector firms, mainly export-oriented manufacturing (small, medium, and large) firms.

The agreement was signed on Tuesday at the head office of Bangladesh Bank, according to a press release.

In the presence of Bangladesh Bank’s Deputy Governor Dr Md. Habibur Rahman, the agreement was signed by Ms. Liza Fahmida, Director, Financial Sector Support and Strategic Planning Department of Bangladesh Bank and Mr. Masihul Huq Chowdhury, Managing Director of Community Bank Bangladesh PLC on behalf of their respective organizations.

Ms. Husne Ara Shikha, Executive Director of Bangladesh Bank, was present in the signing ceremony among other high officials of the central bank.

On behalf of Community Bank, Ms. Hasi Rani Bepari, Head of Credit Risk Management and Mr. Z M Masir Bin Quddus, Head of Credit Administration Department attended the programme.