Dutch-Bangla Bank joins BB’s Tk 3,000cr cluster financing scheme

Dutch-Bangla Bank PLC has signed a participation agreement with Bangladesh Bank under the Tk 3,000 crore Cluster Financing Scheme for the development of cottage, micro, small and medium enterprises.

Md Ahteshamul Haque Khan, managing director and CEO of Dutch-Bangla Bank PLC, and Nawshad Mustafa, director of the SME and Special Programmes Department of Bangladesh Bank, signed the agreement at Bangladesh Bank headquarters in Motijheel, Dhaka recently, according to a press release.

Under the scheme, eligible entrepreneurs will be able to access financing at a concessional interest rate of 7 percent per annum, supporting business expansion, improving productivity and creating new employment opportunities.

Nurun Nahar, deputy governor of Bangladesh Bank, and Husne Ara Shikha, executive director of the central bank, attended the signing ceremony.

Anwar Faruq Talukder, senior executive vice-president and chief anti-money laundering compliance officer (CAMLCO), along with other senior officials from both organisations, were also present at the programme.