Bank Asia inks deals with BB for green industry, ICT financing

Bank Asia PLC has signed two participation agreements with Bangladesh Bank, becoming a participating financial institution (PFI) under the central bank’s refinance schemes for green factory buildings and industries and ICT sector development.

A K M Nurunnabi, Director of the Sustainable Finance Department of Bangladesh Bank, and Sohail R K Hussain, Managing Director of Bank Asia, signed the agreements at a ceremony recently held at the Bangladesh Bank Head Office in Dhaka, says a press release.

Under Tk 2000 crore schemes, Bangladesh Bank provides access to low-cost financing to support the development of green factory buildings and industries, as well as projects in the Information and Communication Technology (ICT) sector.