BRAC Bank to introduce energy financing loan at single digit of interest

block
Economic Reporter :
BRAC Bank launched the country’s first Energy Efficiency Financing Loan to assist readymade garments and textile industries to invest in energy efficiency technology.
The loan is targeted to the RMG & textile industry who will invest in energy efficiency technology and the Technology Service Provider Companies who provide energy efficiency solutions.
S K Sur Chowdhury, Deputy Governor, Bangladesh Bank, and Selim R. F. Hussain, Managing Director & CEO, BRAC Bank Limited, formally launched the loan product at a renewable_energy_sourcesworkshop on Water & Energy Efficiency Financing organized by International Finance Corporation (IFC), at a hotel in Dhaka recently.
Wendy Werner, Country Manager of IFC Bangladesh, Siddique Zobair, Member (EE&C), Sustainable and Renewable Energy Development Authority (SREDA), were also present. IFC is providing technical assistance to BRAC Bank in launching the product.
block