Agrani Bank – SME Loan Program

SME Loan Program:

SME Loan Program” Funding in Cottage, Micro, Small and Medium Enterprises is an important and priority sector in the current context. Agrani Bank Limited is currently disbursing SME loans as well as general banking through the total 952 branches in Bangladesh. Besides, Agrani Bank Limited has made extensive financing in cottage, micro, small and medium enterprises in   manufacturing, service & trading/business sector through every branch in order to increase economic development, employment generation, poverty alleviation, increase in empowerment of women and increase the GDP collection. Under this program, only 9.00% interest will be available for Term loan and Working capital loan (CC-Hypo, CC-Pledge, Packing Credit, over draft etc.). The loan program expands in all branches of Agrani Bank Limited.

Agrani Bank emerged as a Nationalized Commercial Bank following the Bangladesh Banks (Nationalization) Order 1972 vide President’s Order No. 26 of 1972 under which former Habib Bank Limited and Commerce Bank Limited and renamed as Agrani Bank. The Bank was incorporated as a State-owned Commercial Bank on 17 May 2007 under the Companies Act 1994. On a going concern basis, Agrani Bank Limited took over the business, assets, liabilities, rights and obligations of Agrani Bank through a vendor’s agreement signed on 15 November 2007 between the Ministry of Finance of the People’s Republic of Bangladesh and the Board of Directors of ABL with retrospective effect from 01 July, 2007.