Pubali Bank inks participation deal with BB

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

Mohammad Ali, managing director and CEO of Pubali Bank, and Liza Fahmida, director of the Financial Sector Support & Strategic Planning Department of the BB, signed the deal at the central bank headquarters in Motijheel, Dhaka yesterday, said a press release.

Under the agreement, the bank will get a refinancing facility in foreign currency from the central bank's own funds.

Nurun Nahar, deputy governor of the BB, Md Abul Bashar, executive director, Mohammad Monjurul Islam Mojumder, general manager of the corporate credit division of Pubali Bank, and other senior officials from both the organisations were present.