Southeast Bank joins Tk 1,000cr green refinance scheme

Southeast Bank PLC has joined Bangladesh Bank’s (BB) Tk 1,000 crore refinance scheme to support financing for environmentally friendly projects, including green industries and green factory buildings.

The bank recently signed a participation agreement with BB under the scheme, according to a press release.

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Md Khalid Mahmood Khan, managing director and CEO of Southeast Bank, and AKM Nurunnabi, director of BB’s Sustainable Finance Department, signed the agreement at BB’s head office.

Under the scheme, Southeast Bank will provide financing to eligible clients at a preferential interest rate.

The initiative aims to support sustainable industrial development and encourage environmentally responsible investment in Bangladesh.

Officials from BB’s Sustainable Finance Department and Mohammad Kamruzzaman, executive vice president of Southeast Bank’s CRM Division, were also present at the signing ceremony.