The New Nation - Internet Edition

BSS Dhaka

Three more banks today signed separate agreements with Bangladesh Bank (BB) for lending eco-friendly projects under a refinancing scheme.

The banks are Prime Bank, Southeast Bank and Mutual Trust Bank.

Earlier, the central bank signed the similar agreement with National Credit and Commerce Bank.

With the signing of the latest agreement, four banks from private sectors have participated in the central bank's project to develop the green industry in the country.

Speaking on the occasion, Bangladesh Bank Governor Dr Atiur Rahman said industrial development should consider environment when the banking sector could take a significant role.

He said the central bank initially approved Taka 200 crore

for the refinancing scheme, but the amount would be increased

with substantial response from the banking sector

Dr Atiur said the BB sought cheaper funds from International Finance Corporation (IFC) and the government would help commercial banks to finance green industries at a lower rate of interests.

The governor, however, suggested the banks for supporting green industries to grow as part of their corporate social responsibilities, rather considering business only.

Under the refinancing scheme, the banks will get funds from the central bank as per their lending requirement when client will get Taka 70,000 to Taka 1,75,000 for solar power, Taka 36,000 to Taka 3 lakh for biogas plant and up to Taka 1 crore for effluent treatment plant.