Global Islami Bank signed an agreement with Bangladesh Bank

Global Islami Bank recently signed a Participatory Agreement with Bangladesh Bank under the refinance scheme of USD 300 million provided by Asian Infrastructure Investment Bank (AIIB) named COVID-19 Emergency and Crisis Response Facility Project (CECRFP) for supporting credit expansion and reduce liquidity constraints brought on by the COVID-19 pandemic to CMSMEs. Under this agreement Global Islami Bank can disburse SME investment to the Covid affected customers at a maximum rate of 4%.

In presence of Abu Farah Md. Nasser, Deputy Governor of Bangladesh Bank, Syed Habib Hasnat, Managing Director of Global Islami Bank and Md Abdul Wahab, Director (CECRFP) of Bangladesh Bank signed the agreement on behalf of their respective organizations.

Dr. Md Kabir Ahmed, Executive Director of Bangladesh Bank, S M Mizanur Rahman, EVP & Head of Investment Division of Global Islami Bank along with other high officials of both the organizations were also present on the occasion.