Bangladesh, Sept. 16 -- ONE Bank PLC has signed a participation agreement with Bangladesh Bank under the central bank's Tk 50 billion (Tk 5,000 crore) Working Capital Refinance Fund.

Advertisement The initiative aims to disburse low-interest, soft-term working capital loans to the Cottage, Micro, Small and Medium Enterprises (CMSME) and strengthen the sector, says a media release.

The agreement was signed at Bangladesh Bank's head office recently, says a media release.

In the presence of Mr Md Anis Ur Rahman, deputy governor, Bangladesh Bank, the agreement was signed by Mr Md. Zabdul Islam, director, SME & Special Programs Department, Bangladesh Bank, and Mr Kazi Ziaul Islam, deputy managing director and Head of Financial Services an...