Midland Bank Limited (MDB) signed participation agreements for Green Transformation Fund (GTF) and Technology Development/Upgradation Fund (TDF) with Sustainable Finance Department of Bangladesh Bank recently.
Under the schemes, as Authorized Dealer (AD)/Participating Financial Institute (PFI), MDB shall be eligible to access low cost financing to invest in export oriented businesses related to green initiatives and enterprises associated with technological development or upgradation with a view to enhancing competitive capacity and sustainability across the industries in Bangladesh, said a statement. KhondkarMorshedMillat, General Manager from SFD presided over the event. Md. Ahsan-uzZaman, Managing Director & CEO, signed the participation agreement on behalf of MDB. Md. ZahidHossain, Deputy Managing Director and CRO, Mohd. JavedTarek Khan, Head of Institutional Banking Division, MostofaSarwar, Head of Credit Risk Management Division and Md. Shafiqul Islam, Head of Structured Finance were also present during the signing ceremony.
From Bangladesh Bank, ChowdhuryLiakat Ali, Deputy General Manager, Mohammad ZakirHossain, Joint Director and Md. Abu Rayhan, Deputy Director were also present.