SBAC SBAC Bank signs participation agreement with BB

SBAC Bank signs participation agreement with BB

SBAC Bank PLC. has taken a significant step towards empowering women entrepreneurs and bolstering the agro-processing industry by signing a participation agreement with Bangladesh Bank (BB) for a credit guarantee facility. The agreement, inked at the Jahangir Alam Conference Hall of Bangladesh Bank, marks a collaborative effort aimed at providing vital financial support to small enterprises led by women and businesses in the agro-processing sector. Habibur Rahman, the Managing Director & CEO of SBAC Bank, and Nahid Rahman, representing the Credit Guarantee Department of BB, sealed the agreement in the esteemed presence of Nurun Nahar, Deputy Governor of BB.

The ceremony witnessed the participation of key figures including Mohammad Jamal Uddin, Executive Director of BB, Md. Abdul Manan, EVP & Head of Credit of SBAC Bank, alongside senior officials from both institutions. This strategic move is poised to leverage the central bank's refinance scheme, directing financial assistance where it is needed most—towards empowering women entrepreneurs and fostering growth in the agro-processing domain. By facilitating access to credit for these sectors, the credit guarantee facility aims to catalyze economic development, create employment opportunities, and drive sustainable growth in Bangladesh's economy.