FE Report

Dhaka Bank Limited (DBL) has recently signed a participatory agreement with Bangladesh Bank (BB) for getting refinance against its finance in the sectors of Solar Energy, Bio-gas and Effluent Treatment Plant (ETP), said a press release.

DBL Managing Director Knondker Fazle Rashid and BB Executive Director Md Abul Quasem signed the agreement deal on behalf of their respective sides.

Also present at the signing ceremony were DBL Deputy Managing Director Neaz Mohammad Khan and Senior Assistant Vice-president (SAVP) and SME In-charge Md Shaukat Ali Khan, and BB Deputy General Manager (ACSPD) Mohd Nurul Islam and Deputy Director Md Nasser Ahmed Bhuiyan.

The Tk 2.0 billion refinancing scheme for installing solar energy, bio-gas and effluent treatment plants was initiated in August.

The central bank created the scheme to help overcome power and gas crises by supporting alternative green energy sources.

The central bank is looking to launch more environment-friendly refinancing schemes to fight effects of climatic change.

Under the new refinancing scheme, the central bank will give loans at an interest rate of five percent to banks, who in turn will add up to another five percent interest for loans to entrepreneurs for solar energy, bio-gas and effluent treatment plants.