Southeast Bank signs deal with Bangladesh Bank for GTF

Southeast Bank Limited signed a participation agreement with Sustainable Finance Department, Bangladesh Bank for availing re-finance facility under the fund titled “Green Transformation Fund” of Tk 50.0 billion.

A press release says the bank signed the deal to ensure sustainable growth in export and manufacturing industries to establish a green economy in the country recently.

Bangladesh Bank Governor Abdur Rouf Talukder and Deputy Governor Kazi Sayedur Rahman were present at the deal signing ceremony.

Nuruddin Md. Sadeque Hussain, Managing Director (Current Charge) of Southeast Bank Limited; and Chowdhury Liakat Ali, Director of the Sustainable Finance Department of Bangladesh Bank, signed the agreement on behalf of the respective organisations.

Other high officials from both organisations were also present at the agreement signing ceremony.

Under this agreement, eligible customers of Southeast Bank Limited may avail refinancing facility in local currency (Taka) against bank financing after payment of import or procurement cost of capital machinery and spare parts.