Business Desk :
IPDC Finance Limited, the first private sector financial institution of Bangladesh established in 1981, has signed an agreement titled “Foreign Direct Investment Promotion Project (FDIPP)” with Bangladesh Bank under the assistance of Japan International Cooperation Agency (JICA) on Wednesday at Jahangir Alam Conference Hall of Bangladesh Bank in the city.
The primary focus of this project is to facilitate industry and business loan scheme with the support of IPDC refinanced by Bangladesh Bank assisted by JICA.
The project is designed to finance Japanese enterprises, Japanese and Bangladeshi joint venture enterprises, Japanese and other foreign country joint venture enterprises, Bangladeshi and other foreign country enterprises along with Bangladeshi enterprises who have substantial business relation with Japanese enterprises operating in Bangladesh. About 19 banks and 5 NBFIs will be eligible to avail financing facility under this scheme. Governor of Bangla-desh Bank Fazle Kabir, Deputy Governor Abu Hena Mohd Razee Hassan, Executive Director Ahmed Jamal, Chief Representative of JICA Bangladesh office Takatoshi Nishikata, Managing Director and CEO of IPDC Finance Limited Mominul Islam, DMD and Head of Retail Business AFM Barkatullah, GM and Head of Business Finance Rizwan D Shams, Head of Corporate Communication Mahzabin Ferdous, MME In-charge Mahmudur Rahman Shawon, General Manager and Project Director of FDIPP Md Rezaul Islam and high officials from other PFIs were present in the signing ceremony.
IPDC Finance Limited, the first private sector financial institution of Bangladesh established in 1981, has signed an agreement titled “Foreign Direct Investment Promotion Project (FDIPP)” with Bangladesh Bank under the assistance of Japan International Cooperation Agency (JICA) on Wednesday at Jahangir Alam Conference Hall of Bangladesh Bank in the city.
The primary focus of this project is to facilitate industry and business loan scheme with the support of IPDC refinanced by Bangladesh Bank assisted by JICA.
The project is designed to finance Japanese enterprises, Japanese and Bangladeshi joint venture enterprises, Japanese and other foreign country joint venture enterprises, Bangladeshi and other foreign country enterprises along with Bangladeshi enterprises who have substantial business relation with Japanese enterprises operating in Bangladesh. About 19 banks and 5 NBFIs will be eligible to avail financing facility under this scheme. Governor of Bangla-desh Bank Fazle Kabir, Deputy Governor Abu Hena Mohd Razee Hassan, Executive Director Ahmed Jamal, Chief Representative of JICA Bangladesh office Takatoshi Nishikata, Managing Director and CEO of IPDC Finance Limited Mominul Islam, DMD and Head of Retail Business AFM Barkatullah, GM and Head of Business Finance Rizwan D Shams, Head of Corporate Communication Mahzabin Ferdous, MME In-charge Mahmudur Rahman Shawon, General Manager and Project Director of FDIPP Md Rezaul Islam and high officials from other PFIs were present in the signing ceremony.
