BB’s technology development loan to be available at EBL

Eastern Bank Limited (EBL) has recently signed an agreement with the central bank, under which it can give loan to export-oriented businesses for their technological development and up-gradation, said a press release.

Bangladesh Bank keeps Tk 1,000 crore refinancing fund for such loans so that the export-industries can attain more competitiveness in the global market.

Ali Reza Iftekhar, managing director and chief executive officer of EBL and Khondkar Morshed Millat, general manager of Bangladesh Bank’s Sustainable Finance Department signed the agreement on behalf of their respective organizations.

“Such funds from Bangladesh Bank will contribute to expanding the technological expertise and automation process of export-oriented factories. This initiative engaging local banks and NBFIs will help Bangladesh increase its per capita income, export earnings and GDP,” said Ali Reza Iftekhar.