Financing towards Environment Friendly Brick Manufacturing Industries:
During the year 2017, NRB Bank Ltd. financed BDT 10.00 Crore to 'First Auto Bricks Ltd.' towards setting up a green Brick manufacturing project using Tunnel Kiln Technology with a capacity of manufacturing 330.00 lac pieces of different types of Bricks annually. It is worth mentioning that the Bank as a Lead Arranger in the process of raising fund for this project under Syndication arrangement arranged BDT 35.00 Crore as a whole.
We financed BDT 2.40 Crore to "Eco Bricks" a green Brick manufacturing concern that produce Solid Clay Bricks using Zigzag Kiln Technology with a capacity of manufacturing 2.00 Crore Bricks annually.
Agreement Signing with Bangladesh Bank:
Refinancing Agreement under Green Transformation Fund (GTF): On February 09, 2017 we have signed Refinancing Agreement with Bangladesh Bank for facilitating access to finance in foreign exchange for all manufacturer-exporters in Export-oriented Textile & Textile Products, RMG and Leather Goods Manufacturing Industries to import capital machineries and accessories relevant to environment-friendly/green attributes specified by Bangladesh Bank.
Participation Agreement into the Refinancing scheme for Green Products / Initiatives: On September 13, 2017, we have signed Participation Agreement with Bangladesh Bank under refinance scheme for lending in green product/initiatives (e.g. investment in sectors like Renewable Energy, Green Brick Manufacturing and Waste Management etc.).