STAR BUSINESS DESK

SBAC Bank PLC has signed an agreement with the Bangladesh Bank to participate in the central bank’s Tk 3,000 crore refinance fund under the Cluster Financing Scheme for the cottage, micro, small and medium enterprise (CMSME) sector, aimed at accelerating economic growth.

SM Mainul Kabir, managing director and CEO of SBAC Bank PLC, and Nawshad Mustafa, director of the SME and Special Programmes Department of the Bangladesh Bank, signed the agreement at the central bank’s headquarters in Motijheel, Dhaka yesterday, according to a press release.

Nurun Nahar, deputy governor of Bangladesh Bank, attended the signing ceremony as the chief guest.