Bank Asia PLC has signed two participation agreements with Bangladesh Bank, becoming a participating financial institution (PFI) under the central bank’s refinance schemes for green factory buildings and industries and ICT sector development.
AKM Nurunnabi, director of the Sustainable Finance Department of Bangladesh Bank, and Sohail RK Hussain, managing director of Bank Asia, signed the agreements at a ceremony recently held at the Bangladesh Bank Head Office in Dhaka.
Under the Tk2,000 crore schemes, Bangladesh Bank provides access to low-cost financing to support the development of green factory buildings and industries, as well as projects in the Information and Communication Technology (ICT) sector.
As a participating financial institution, Bank Asia will facilitate refinance-supported financing for eligible entrepreneurs investing in sustainable industrial development and ICT-related initiatives.
The participation reinforces Bank Asia’s commitment to sustainable finance, responsible banking and inclusive economic growth.
