News & Events

IFIC Bank & Bangladesh Shop Owners Association inked MoU

Date: 24 September 2020

IFIC Bank Limited and Bangladesh Shop Owners Association have inked an Memorandum of Understanding (MoU) for aviliating sanction of loans to small traders under the Cottage,Micro,Small & Medium enterprise (CMSME) bailout package by the government.

The MoU has been signed at Surma Tower in the Capital's Purana Paltan on Thrusday. Mr. Md. Nurul Hasnat, Deputy Managing Director of IFIC Bank and Mr. Md. Helal Uddin, President of Bangladesh Shop Owners Association have signed the agreement on behalf of their respective organizations. Senior officilats from both organizations have also been present on the ocassion. 

Under the MoU, IFIC Bank will provide loan assistance as per Bangladesh Bank's Special incentive Scheme registered small business owners of Bangladesh Shop Owners Association who are affected by the COVID-19 pandemic.