Tag: Shimanto Bank

Shimanto Bank has recently signed a participatory agreementwith Bangladesh Bank to facilitate financing at a concessional interest rate and on simplified terms under the BDT 5,000 crore CMSME Working Capital Refinance Fund. The fund has been established under the BDT 60,000 crore stimulus package announced by Bangladesh Bank to ensure adequate working capital financing for the CMSME sector, strengthen the productive capacity of viable enterprises, and accelerate economic activity through increased production, business operations, and employment generation. Under this fund, operational CMSMEs struggling to run at full capacity due to a working capital crunch will receive financing facilities at a concessionary interest rate of just 9% p.a.Md. Zabdul Islam, Director (SMESPD), Bangladesh ...

Shimanto Bank PLC has signed a Memorandum of Understanding (MoU) with Dhaka South City Corporation (DSCC) at the Nagar Bhaban recently. Under this MoU, residents and business owners under the Dhaka South City Corporation will be able to conveniently pay their holding taxes, trade license fees, and other municipal charges through Shimanto Bank PLC.Mr. Md. Nurul Azim, Managing Director & CEO, Shimanto Bank PLC and Mr. Md. Khaybar Rahman, Chief Executive Officer, Dhaka South City Corporation, signed the MoU on behalf of their respective organizations in presence of Valiant freedom fighter Mr. Md. Abdus Salam, Administrator, Dhaka South City Corporation. Mr. Md. Sahidul Islam, Head of Business, Shimanto Bank PLC, Mr. Jonayed Kabir Sohag, Chief Revenue Officer, Dhaka South City Corporat...