With a view to developing an agriculture-based special economic hub in Northern Bangladesh and accelerating economic activities in the region, Bangladesh Bank and Community Bank Bangladesh PLC. have signed a participation agreement under the Tk3,000 crore refinance fund.
The agreement signing ceremony, organized by the Agricultural Credit Department-2 of Bangladesh Bank, was attended by Md Kabir Ahmed, deputy governor, Bangladesh Bank, as chief guest.
Arief Hossain Khan, executive director, Bangladesh Bank, attended the ceremony as special guest.
The event was chaired by AKM Sayduzzaman, director (ACD-2), Bangladesh Bank.
Representing Community Bank Bangladesh PLC, Mohammed Emtiaz Uddin, managing director, and Sharif Hasan Mamun, SME & agriculture division, attended the ceremony.
Under the refinance facility, financing will be expanded for agricultural production, storage, marketing and processing in Northern Bangladesh, with a particular focus on strengthening the agri value chain.
The initiative is expected to create greater financing opportunities for agriculture-based entrepreneurs, enhance value addition in agricultural products, generate employment and stimulate broader economic activities across the region.
The initiative is also expected to facilitate a more integrated financing ecosystem covering the entire agricultural value chain—from production and storage to processing and marketing—thereby contributing to sustainable agricultural and economic development in Northern Bangladesh.