Tag: Shimanto Bank

Shimanto Bank PLC has recently signed a participatory agreement with Bangladesh Bank to facilitate financing at a concessional interest rate and on simplified terms for the development of ICT Sector. To foster the development of the IT sector, loans of up to BDT 50 crore will be provided at the customer level at a 4% interest rate (p.a) for a maximum term of 10 years under this scheme. The goal of this scheme is to develop the IT sector by supporting entrepreneurs.Mr. AKM Nurunnabi, Director, Sustainable Finance Department, Bangladesh Bank and Mr. Md. Nurul Azim, Managing Director & CEO, Shimanto Bank PLC signed the MoU on behalf of their respective organizations. Senior Officials from Bangladesh Bank and Shimanto Bank PLC were present in the signing ceremony.

Shimanto Bank PLC has donated a microbus to Shahjalal University of Science and Technology (SUST). The Managing Director and Chief Executive Officer of Shimanto Bank PLC, Mr. Md. Nurul Azim, handed over the microbus to the Vice-Chancellor of Shahjalal University of Science and Technology, Professor Md. Khairul Islam, Phd. Sector Commander (Sylhet) of Border Guard Bangladesh, Colonel Mohammad Salahuddin, psc, along with deans of various faculties, the registrar, transport administrator, provosts, director of accounts, assistant proctors, and other university officials, as well as senior officials from the bank, were present during the event.Speaking at the handover ceremony, SUST Vice-Chancellor Professor Dr. Md. Khairul Islam stated, "The microbus will add a new dimension to the univer...

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...