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Mir Concrete Secures Tk100M Green Loan

Industry: Building Material, Financial, NBFI
Company: Mir Concrete Products Ltd, United Finance Securities (UFS)
Company Intelligence Tag: Business Insights

Mir Concrete Products Ltd has successfully secured a Tk100 million loan from United Finance Ltd to bolster its involvement in the environmentally conscious realm of green products manufacturing. The loan, facilitated under the “Environment Friendly Brick Production” refinancing scheme, signifies a step forward in Bangladesh’s pursuit of sustainable finance. In alignment with national objectives for an eco-friendly industrial landscape, Mir Concrete Products’ Managing Director emphasized their commitment to mitigating carbon impact and championing ecological initiatives. The loan’s interest rate, initially set at the standard government rate, stands to potentially decrease to 5.5% pending a favorable audit by Bangladesh Bank after about three months.

Bangladesh Bank’s proactive approach to promoting ecological finance materializes through refinancing avenues, allowing manufacturers like Mir Concrete Products to access funds with lower associated costs. This move underlines the nation’s concerted efforts to harmonize economic expansion with ecological stewardship, echoing the broader goal of fostering a smart and sustainable Bangladesh.

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