Dhaka Bank PLC signs Participation Agreement with Bangladesh Bank under Financial Inclusion Credit Guarantee Scheme (FICGS)

Dhaka Bank PLC has signed a participation agreement with Bangladesh Bank under the Financial Inclusion Credit Guarantee Scheme (FICGS).

The agreement aims to extend credit facilities to Tk 10/50/100 account holders, marginal and landless farmers, low-income professionals, school banking account holders, and small business owners who often face difficulties in accessing formal financing due to lack of adequate collateral. The FICGS promotes inclusive financing by providing credit guarantees against eligible loans, thereby reducing the risk exposure of participating banks and financial institutions.

The agreement was signed by Mr. Muhammad Nazmul Haque, Director, Credit Guarantee Department (CGD) of Bangladesh Bank, and Mr. A K M Shahnawaj, Managing Director (CC) of Dhaka Bank PLC, at Bangladesh Bank, Motijheel, Dhaka.

Mr. Mohammad Imam Hossain, Additional Director, CGD, Bangladesh Bank; Ms. Zobaida Afroze, Additional Director, CGD, Bangladesh Bank; Mr. Md. Mahbubur Rahman Palash, Head of MSME & Emerging Business Division, Dhaka Bank PLC; and other senior officials from both institutions were also present at the signing ceremony.