Prime Bank to support exporters under Tk 3,000cr BB scheme

Prime Bank PLC has signed a participation agreement with Bangladesh Bank to join the export diversification refinance scheme as a participating financial institution (PFI).

The agreement will enable Prime Bank to provide its export-oriented clients with access to refinance facilities under the scheme.

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Faisal Rahman, chief executive officer of Prime Bank PLC, and AKM Nurunnabi, director of the Sustainable Finance Department of Bangladesh Bank, signed the agreement at the central bank’s headquarters in Motijheel, Dhaka recently, according to a press release.

Under the scheme, Prime Bank will be eligible to access refinance facilities to support export-oriented industries operating in priority and special development sectors identified under Bangladesh’s Export Policy 2024-2027.

The refinance scheme aims to encourage exporters to diversify their product offerings and explore new international markets while enhancing competitiveness and strengthening Bangladesh’s export base beyond traditional sectors.

The participation reinforces Prime Bank’s continued efforts to expand access to sustainable and priority-sector financing for Bangladeshi businesses.

It also further strengthens the bank’s collaboration with Bangladesh Bank in advancing the country’s export diversification agenda and supporting the long-term growth of the export sector.