Standard Bank signs participation agreement with Bangladesh Bank

Standard Bank Limited has signed a participation agreement with Bangladesh Bank under “Covid-19 Emergency & Crisis Response Facility Project (CECRFP) on 9 April 2023 at head office premises of Bangladesh Bank in Dhaka.

Under the agreement, SBL will get re-finance facility against USD 300.00 million fund supported by Asian Infrastructure Investment Bank (AIIB) for allowing investment facilities to CMSME(s) at 4 per cent rate under Covid-19 stimulus packages, according to a media release.

In presence of Abu Farah Md. Nasser, Deputy Governor of Bangladesh Bank, Md. Habibur Rahman, Managing Director & CEO of Standard Bank and Md. Abdul Wahab, Director (CECRFP) & Project Director, SMESPD, Bangladesh Bank signed the agreement on behalf of their respective organisations.

Dr. Md. Kabir Ahmed, Executive Director of Bangladesh Bank, Md. Touhidul Alam Khan, Additional Managing Director & CRO of Standard Bank, Mohammad Zakir Hossain, Head of SME Business and other officials of Bangladesh Bank were present in the ceremony.