Dhaka, Monday, September 23, 2019 03:50 PM   
     
Home Energy BD Energy World Green Energy Opinion Interview Environment Business Others Archive
LATEST >
বাংলা সংস্করণ
   
Refinance agreement between BIFFL and Bangladesh Bank for green products

Bangladesh Infrastructure Finance Fund Limited (BIFFL) has signed a participation agreement with Bangladesh Bank (BB) under refinance Scheme for green products on January 03 at Bangladesh Bank office.

The participation agreement was signed by S. M. Formanul Islam, Executive Director and CEO and Manoj Kumar Biswas, General Manager of Sustainable Finance Department of Bangladesh Bank on behalf of their respective organisations, said a press release.

BB introduced a refinancing scheme of Tk 200 crore to offer as refinance facility against the Bank or financial institution’s financing to promote green products or initiatives in Bangladesh.

The rate of interest for the participatory financial institutions (PFIs) will be equal to the bank rate (currently 5%) for the refinancing facility. For the borrowers, it will be bank rate plus margin where the margin can be up to 4% maximum based on the tenor of the loan repayment.

Md. Abdul Kader, deputy general manager of Sustainable Finance Department of Bangladesh Bank and Mohammad Sagir Hossain Khan, COO of BIFFL were also present on the occasion.

BIFFL, being the largest financial institution of the country, is committed to support green initiatives to uphold sustainable development in Bangladesh, BIFFL is also committed to protect environment and adopt eco-friendly measures which are of its foremost priority while considering any investment transaction.

Print PDF

   You may also like

Category: Business
Cabinet body approves 590MW power plant in Chattogram

Category: Business
BIFFL and Ispahani signed a financing agreement under JICA’s refinancing scheme

Category: Business
Summit power approves 30pc cash dividend

Category: Business
IFC invests $20m in Omera Petroleum to enhance LPG access

Category: Business
Unique Hotel joins consortium to invest in 600MW power plant

Category: Business
Harmonised pricing formula can boost regional power trade

Category: Business
Mitsubishi to acquire 25pc stake in Summit LNG terminal

Category: Business
Summit, Mitsubishi, GE unveil $3billion energy investment in Bangladesh

Category: Business
Tk 24,921 cr for overall development of power, energy
     
    RECENT STORIES   MOST READ
    FOLLOW US ON FACEBOOK
    Recent Business Stories
Cabinet body approves 590MW power plant in Chattogram
BIFFL and Ispahani signed a financing agreement under JICA’s refinancing scheme
Summit power approves 30pc cash dividend
IFC invests $20m in Omera Petroleum to enhance LPG access
Unique Hotel joins consortium to invest in 600MW power plant
Harmonised pricing formula can boost regional power trade
Mitsubishi to acquire 25pc stake in Summit LNG terminal
Summit, Mitsubishi, GE unveil $3billion energy investment in Bangladesh
Tk 24,921 cr for overall development of power, energy
Tk 26,226.37 cr to be allocated for power, energy


Explore the energynewsbd.com
Home
Energy World
Opinion
Environment
Others
Energy BD
Green Energy
Interview
Business
Archive
About Us Contact Us Terms & Conditions Privacy Policy Advertisement Policy