directors' report - Dutch-Bangla Bank Limited
directors' report - Dutch-Bangla Bank Limited
directors' report - Dutch-Bangla Bank Limited
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Borrowing from other banks, financial institutions<br />
and agents<br />
Borrowing from other banks, financial institutions<br />
and agents including overnight borrowing stood at<br />
Taka 1,864.9 million at the end of 2010 compared<br />
to Taka 2,511.5 million at the end of 2009.<br />
The <strong>Bank</strong>'s borrowing includes borrowing against<br />
refinance from <strong>Bangla</strong>desh <strong>Bank</strong> for financing under<br />
housing scheme and financing to the power sector<br />
under Investment Promotion and Financing Facility<br />
(IPFF). Besides, the <strong>Bank</strong> has been availing credit<br />
line facilities from the Rupantarita Prakritik Gas<br />
Company <strong>Limited</strong> (RPGCL) for financing CNG buses/<br />
chassis under Dhaka Clean Fuel project and credit<br />
lines from Netherlands Development Finance<br />
Company (FMO), The Netherlands.<br />
In order to support some of the preferred sectors of<br />
the economy, DBBL has extended soft term credit<br />
facilities financed by Netherlands Development<br />
Finance Company (FMO) as follows:<br />
● Under a foreign currency loan for US$ 8.75<br />
million from Netherlands Development<br />
Finance Company (FMO), DBBL is providing<br />
credit lines to export oriented RMG units at<br />
an interest rate of 11.85 percent p.a. for<br />
procurement of capital machinery.
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