AIBL pens deal with Bangladesh Bank

Al-Arafah Islami Bank Ltd (AIBL) yesterday signed a participating financial institution (PFI) agreement with Bangladesh Bank to avail pre-financing under a project styled 'Program to Support Safety Retrofits and Environmental Upgrades in the Bangladeshi RMG sector Project (SREUP)'.

Farman R Chowdhury, managing director and CEO of AIBL, and Moni Sankar Kundu, director of SME and special programme department at the central bank, signed the deal at Bangladesh Bank (BB) headquarters in Dhaka, said a press release.

Abu Farah Md Naser, deputy governor of Bangladesh Bank, attended the programme as chief guest.

Among others, Md Kabir Ahmed, executive director of the BB, Naushad Mostafa, additional director, and Abdullah Al Mamun, deputy managing director of AIBL, Md Obaidul Islam, senior executive vice-president, and Monir Ahmed, senior vice-president, were present.