Bangladesh, Nov. 2 -- United Commercial Bank PLC (UCB) has signed two separate Memorandums of Understanding (MoUs) with Bangladesh Bank to participate in two BDT 2,000 crore pre-financing schemes aimed at supporting the growth of the leather and leather goods industry and the export-oriented frozen food industry.

Advertisement Under these schemes, eligible entrepreneurs will be able to access loans at an interest rate of 7 per cent, according to a press release.

The MoUs were exchanged at a ceremony held at Bangladesh Bank on 1 November. Md. Ridwanul Hoque, Deputy Managing Director of UCB, exchanged the agreements with Md. Jabdul Islam and A K M Saiduzzaman, Directors of Bangladesh Bank. The ceremony was attended by Md. Anis-ur-Rahman,...