BRAC Bank, IFC sign deal to facilitate Offshore Banking

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Economic Reporter :
BRAC Bank Limited and International Finance Corporation (IFC), a World Bank Group concern, signed an agreement for the support and funding of the International Trade and Lending program for its Offshore Banking clients.
Under this agreement, BRAC Bank will receive $40 million from IFC as Working Capital Solutions, said a media release on Sunday.
Selim R. F. Hussain, Managing Director and CEO of BRAC Bank Limited, and Wendy Werner, Country Manager of IFC Bangladesh, exchanged documents of the agreement at BRAC Bank’s Head Office.
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