Agrani Bank – Special Commercial Loan Program (SCLP)

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.

Special Commercial Loan Program (SCLP) is undertaken by the bank to extend and develop the small business of the country. This is a short term loan and the loan is delivered as cash credit. The maximum loan ceiling is Tk.2,75,000 and necessary collateral is required for this credit. The rate of interest is only 9.00% per annum.