Bangladesh Bank (BB) today signed separate agreements with 10 commercial banks and Non-Bank Financial Institutions (NBFIs) for refinancing in small and medium industries.
The agreements were signed under the Second Small and Medium Sized Enterprise Development Project (SMEDP-2) at the central bank headquarters in the capital.
The main objective of the project is to develop the cottage, micro and small and medium industries in the outside of Dhaka and Chittagong metropolitan areas, said a press release of Bangladesh Bank.
The 10 banks and NBFIs are Modhumoti Bank, Midland Bank, NRB Bank, Prime Bank, Southeast Bank, Premier Bank, Meridian Finance and Investment, Midas Financing, National Financing and Uttara Financing.
BB Executive Director M Abdur Rahim was present at the signing ceremony.