IFIC Bank PLC and Bangladesh Bank have signed an agreement for IFIC Bank’s participation in the Tk2,000 crore pre-financing fund established by Bangladesh Bank to facilitate financing for the export-oriented frozen food sector.
The agreement was signed on Sunday, November 1, at a ceremony held at Bangladesh Bank’s head office.
The ceremony was presided over by AKM Sayduzzaman, director of Agricultural Credit Department-2, Bangladesh Bank.
Arief Hossain Khan, executive director of Bangladesh Bank, attended the ceremony as chief guest.
Representing IFIC Bank were Helal Ahmed, chief of branch business, and Fariha Haider, head of SME & retail banking (current charge).
The fund has been established by Bangladesh Bank to provide necessary financing facilities to engaged in the export-oriented frozen food sector.
The initiative aims to enhance production and export capacity, facilitate the expansion of export activities, and contribute to the country's overall economic development.
Through its extensive nationwide network of branches and sub-branches, IFIC Bank continues to provide essential banking and financing facilities to customers across the country.
Participation in Bangladesh Bank's pre-financing fund will further expand the Bank's financing support for the export-oriented frozen food sector and strengthen IFIC Bank's contribution to export growth and sustainable economic development in Bangladesh.
