Pubali Bank Limited (PBL) has recently signed an agreement with Bangladesh Bank (BB) at the BB headquarters in the city to facilitate banks with long-term financing under the World Bank (WB) funded Financial Sector Support Project (FSSP).
BB Executive Director (FSSP) Md Ahsan Ullah and Pubali Bank Managing Director and Chief Executive Officer (CEO) Md Abdul Halim Chowdhury signed the agreement on behalf of their respective organisations, said a press release.
Deputy Governor of Bangladesh Bank SK Sur Chowdhury and PBL Additional Managing Director Safiul Alam Khan Chowdhury were present in the agreement ceremony.
BB senior officials, chief executive officers of the commercial banks and PBL General Manager (Credit Division) Habibur Rahman also attended the ceremony.
The central bank has created this fund under the FSSP of the World Bank.
Pubali Bank has connected to this fund, which will finance $300 million for meeting the growing demand for long-term financing for productive industries in the country.