Bangladesh, Nov. 12 -- Bangladesh Bank and Karmasangsthan Bank have signed an agreement that will allow Karmasangsthan Bank to verify loan applicants' existing debts and repayment histories through the central bank's Credit Information Bureau (CIB) before approving loans.

The agreement was signed at Bangladesh Bank's head office on Monday, according to the press release. Bangladesh Bank CIB Director Md Shafiqul Islam and Karmasangsthan Bank Managing Director Arun Kumar Chowdhury signed on behalf of their respective institutions.

Bangladesh Bank Deputy Governor Md Anis Ur Rahman attended as chief guest. Ashish Kumar Roy, executive director (Statistics-1) at Bangladesh Bank, chaired the ceremony.

Special guests included Shabnam Shirin, ...