Prime Bank signs LTFF deal with Bangladesh Bank

Prime Bank has signed a participating agreement for the Bangladesh Bank-Long Term Financing Facility (BB-LTFF) with the central bank.

Liza Fahmida, director of the financial sector support and strategic planning department of the BB, and Hassan O Rashid, managing director and CEO of Prime Bank, signed the deal at the BB's headquarters in Motijheel on Tuesday, said a press release.

BB-LTFF would be funded by Bangladesh Bank to continue providing long term financing for private sector firms in US dollars, mainly the export-oriented manufacturing (small, medium and large) firms with a view to contributing to the national economy with increased outputs, job creation and economic growth of the country.

It will support the firms to be more competitive in the market and to grab emerging business opportunities.

Nurun Nahar, deputy governor of the central bank, Md Abul Bashar, executive director, Firoz Mahmud Islam, additional director of the FSSSPD, and Shams A Muhaimin, deputy managing director of Prime Bank, and Md Shafiqul Islam, vice-president and head of debt capital market, were present.