GIB Inks 2 Agreements With Bangladesh Bank

Industry: Bank, Financial
Company: Bangladesh Bank, Global Islami Bank Limited (GIBL)
Company Intelligence Tag: Partnership Insights

Global Islami Bank (GIB) has entered into two agreements with the Bangladesh Bank to facilitate credit guarantees for women entrepreneurs and guarantee facilities for the agro-product processing sector. The agreements aim to support the expansion of cottage industries, job creation, and overall economic growth.

Managing Director of GIB, and  Director of the Credit Guarantee Department  at Bangladesh Bank, signed the agreements at the BB headquarters in Motijheel. Under these deals, GIB can access credit guarantee facilities from Bangladesh Bank, enabling the bank to offer collateral-free investments to women entrepreneurs and the agro-processing sector.

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