Prime Bank PLC has recently signed an agreement with the Bangladesh Bank to avail the central bank鈥檚 refinance facility for digital nano loans, said a press release.
Through this refinance scheme, Prime Bank will be able to offer fully digital loans to eligible customers at a lower interest rate, making small-scale credit more accessible, affordable and convenient for individuals across the country.
Prime Bank chief executive office Hassan O Rashid and BB Financial Inclusion Department director Iqbal Mohasin signed the agreement.
The ceremony was also attended by Md Habibur Rahman, deputy governor; Kazi Mutmainna Tahmida, additional director; Rup Ratan Pine, executive director of the Bangladesh Bank and M Nazeem A Choudhury, deputy managing director; AZM Fouz Ullah Chowdhury, head of digital channels of Prime Bank.
As per the release, Prime Bank has already been offering PrimeAgrim, a fully digital loan solution for retail customers. Through PrimeAgrim, customers can conveniently access a portion of their monthly salary as a short-term loan with instant approval and seamless disbursement.