** Road disorder needs proper implementation of law ** 56 hurt in clashes among AL, BNP and cops in Natore, Khulna, Rajshahi ** Bangladesh serves as a model for rest of world: US Asst Secy Noyes ** People crowd the shop of a Trading Corporation of Bangladesh dealer for essential commodities at subsidised prices in Dhaka's Lalbagh on Saturday amid high prices of daily necessities in the market. Agency photo ** Broiler chicken goes up selling at Tk230 a kg, egg price decreases ** Metro rail: Shewrapara, Uttara South stations now open to public ** 35 bodies found inside well after collapse at Indian temple ** Free journalist Shams, repeal DSA: TIB ** Prothom Alo journalist Shams denied bail, sent to jail ** Philippines ferry fire leaves 31 dead, at least 7 missing ** Workers of a readymade garment factory stage a demonstration and barricade the road at Uttara's Jashim Uddin road in the capital on Wednesday demanding payment of their dues. ** Landslide in Cox's Bazar leaves 3 Rohingyas dead ** Liberation war veteran Nur-E-Alam Siddiqui passes away ** Shakib takes five as Bangladesh beat Ireland by 77 runs to seal T20 series ** UNOs’ role as CEO in Upazila Parishads illegal, unconstitutional: HC ** Former MP Nur E Alam Siddique passes away ** Myanmar junta dissolves Suu Kyi's party, much of opposition ** 13 Bangladeshis reported dead in KSA road crash ** 39 dead in fire at Mexico migrant center near US border ** 20 Hajj pilgrims killed in Saudi Arabia accident ** Jasmine’s death in RAB custody not acceptable ** HC wants autopsy report, list of RAB men who grilled Jasmine ** Dhaka commuters face heavy traffic congestion on first working day of Ramzan ** High-rise building catches fire in capital's Katabon ** At Tk 150 per dozen in Dhaka markets, eggs not an affordable protein source any more **

National Bank signs participation agreement with BB

01 February 2023

Business Desk :
The National Bank Limited alongside other banks has signed a participation agreement with the Bangladesh Bank in the Taka 10,000 crore export support pre-financing fund formed by the central bank.
The participation agreement was signed on Monday between Maksuda Begum, Director of the Banking Regulations and Policy Department of the Bangladesh Bank and Syed Rois Uddin, Managing Director (Current Charge) of National Bank Limited, reports, BSS.
In the event, Bangladesh Bank Governor Abdur Rouf Talukder said that due to the adverse situation in the world economy due to the economic shock after the Covid-19 pandemic and the situation arising from the Russia-Ukraine war, the export-oriented industries of the country should bear more shocks to continue the ongoing trend of development and expansion of this sector.
An export support pre-financing fund of Taka 10,000 crore has been set up fully funded by the Bangladesh Bank.
Direct and indirect exporters will have the opportunity to take loans in local currency against the purchase or import of raw materials at only 4 percent interest from this fund.

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