NRB Bank Limited signed an agreement with Bangladesh Bank recently to disburse loans among exporters from a newly formed Tk10,000 crore Export Facilitation Pre-finance Fund of the central bank.
Mamoon Mahmood Shah, CEO of NRB Bank and AbdurRouf Talukder, governor of Bangladesh Bank exchanged signed documents of the agreement at Bangladesh Bank Head Office Dhaka.
Under the agreement exporters will be able to avail the loans in local currency against the purchase or import of raw materials at an interest rate of 4%.
The tenure will be of a maximum of 180 days.
Bangladesh Bank formed the fund to help exporters continue developing and expanding their industries.
Abu Farah Md Nasser, deputy governor and Nurun Nahar, executive director, were present.
