MTB, BB pen deal on refinance facility

Mutual Trust Bank Ltd (MTB) has signed a participation agreement with the central bank under the Bangladesh Bank Long-Term Financing Facility (BB-LTFF) programme.

Liza Fahmida, director of the Financial Sector Support and Strategic Planning Department of Bangladesh Bank, and Syed Mahbubur Rahman, managing director and CEO of MTB, signed the deal at the central bank headquarters in Motijheel recently, said a press release.

Financing under the BB-LTFF will bring several benefits, including a long-term financing facility in foreign currency for private sector firms, especially export-oriented manufacturers.

In addition, financing facilities will be available for purchasing ocean-going vessels and specialised vehicles supporting the transportation of goods manufactured in the country, and sustainable growth and environmental and social compliances in businesses.

A total of 18 banks signed the agreement under this project.

Nurun Nahar, deputy governor of the central bank, and other senior officials from both organisations were present.