BB and Agrani Bank sign agreement to provide low-interest loans to movie theater owners

Under the leadership of Prime Minister Sheikh Hasina, a Tk 1,000 crore refinancing scheme by Bangladesh Bank is being undertaken to provide low interest long term loans/investments to movie theater owners for renovation and the modernization of existing cinemas and the construction of new cinemas. with a view to reviving the lost heritage of the national film industry.

A Memorandum of Understanding was signed between Agrani Bank Ltd and Bangladesh Bank on Wednesday September 21 at the boardroom of Bangladesh Bank to carry out lending activities under the said scheme.

The agreement was signed by Md Murshedul Kabir, Managing Director and CEO of Agrani Bank Limited and Md Abdul Mannan, Director of Offsite Surveillance (DOS) Department on behalf of Bangladesh Bank, reads a press release.

Deputy Governor of Bangladesh Bank AKM Sajedur Rahman Khan, Executive Director and Observer of Agrani Bank Awlad Hossain Chowdhury, Managing Director (Credit) of Agrani Bank Limited Dr Md Abdullah Al Mamun and Chief Deputy Managing Director of the Credit Policy Division Md Abu Hasan Talukder were present at the signing ceremony.

Also, co-manager of respective department of Bangladesh Bank, Md Lutful Haider Pasha, co-manager SM Khaled Abdullah, senior manager of Agrani Bank. Farid Ahmed and other officials from both sides were also present.

It should be noted that under this scheme, owners can take out loans at an interest rate of only 4.50% for the renovation, modernization and construction of new cineplexes in existing cinemas.

They will get loan facility up to a maximum of Tk5 crore for renovation or upgrading of the existing and up to a maximum of Tk10 crore for the construction of a new cineplex.

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