Prime Bank Pioneers Digital Nano Loans with Bangladesh Bank Refinance Pact
Prime Bank PLC has signed an agreement with the central bank to receive refinance support for providing digital nano loans. This initiative is expected to help deliver accessible, affordable, and fully digital loan services to marginalized, disadvantaged, and unbanked communities, said the bank’s Communication Officer, S. K. Nasir Hossain.
He stated that under the refinance scheme, Prime Bank will be able to offer nano loans to eligible customers at the lowest prescribed rate through a fully digital process, making micro-loans more accessible, affordable, and convenient for people across the country.
On Tuesday, 18 November, Nasir Hossain informed that the agreement signing took place recently at the Bangladesh Bank office.
Prime Bank’s Chief Executive Officer (CEO) Hasan O. Rashid signed the agreement on behalf of the bank, while Director Md. Iqbal Mohsin of the Financial Inclusion Department signed on behalf of Bangladesh Bank.
Also present at the ceremony were Bangladesh Bank Deputy Governor Dr. Md. Habibur Rahman; Additional Director Kazi Mutmainna Hamida; Executive Director Rup Ratan Pain; Prime Bank Deputy Managing Director M. Nazim A. Chowdhury; and Head of Digital Channels A. Z. M. Fouj Ullah Chowdhury.
Prime Bank has already been providing fully digital loan services to retail customers through ‘Prime Agrim’.
DBTech/IK/OR
