Agrani Bank – Nari Agrani

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.

Nari Agrani is a special credit program for the women. It is a recent and popular credit program of Agrani Bank Limited. It is introduced in 2010 under SME financing with a view to bring the women in the mainstream development activities. Under this program, an eligible woman can avail the SME credit with only 9.00% interest per annum and 75:25 debt equity participations. No collateral is required up to Tk.1.00 million (10.00 lacks) and one can borrow the maximum loan amount of Tk.10.00 millions (1.00 crore) with necessary collaterals. The activities of the program are extended in all the branches of Agrani Bank Limited.