ONE Bank Limited signed a Master Facility Agreement under 'Investment Promotion and Financing Facility (IPFF)' with Bangladesh Bank (BB) at Bangladesh Bank’s Head Office on January 10, 2012.

The Managing Director of ONE Bank Limited Mr. Farman R. Chowdhury and the Executive Director of Bangladesh Bank Mr. S K Sur Chowdhury signed the agreement on behalf of the respective organizations.

Deputy Managing Director Ms. Johora Bebe, SEVP & Head of Marketing, Ms. Rozina Aliya Ahmed, EVP & Head of Asset Marketing, Mr. Shabbir Ahmed, and Vice President, Syndication & Structured Finance Unit, Mr. Md. Abu Saleh, of ONE Bank Limited and Joint Director & Deputy Project Director, Ms. Husne Ara Shikha, Deputy Director, IPFF Cell, Mr. Goutam Kumar Ghosh of Bangladesh Bank and other officials of both organizations also attended the signing ceremony.

To be mentioned that Government has taken the IPFF project to make available partial debt financing through private sector financial intermediaries for eligible, government-endorsed infrastructure projects, to be developed by the private sector. Projects developed solely by the private sector but identified by the Government to be in the public interest will also be eligible to get financing under IPFF.

Under the agreement, ONE Bank Limited will enjoy financing facility from the World Bank, administered by the Bangladesh Bank, for extending credit facilities to such infrastructure projects.