February 28, 2021 || SIBL distributed agricultural finance at 4% profit rate


Social Islami Bank Limited (SIBL) distributed agricultural finance at 4% profit rate among Soybean cultivators of Subornochar, Noakhali. Mr. Md. Sirajul Hoque, Deputy Managing Director of SIBL, presided over the program. Mr. Md. Abdul Hakim, General Manager of Agricultural Credit Department, Bangladesh Bank was present as chief guest. Dr. Muhammad Mohiuddin Chowdhury, Chief Scientific Officer of Bangladesh Agriculture Research Institute (Noakhali), Mr. Indu Vushon Roy, Senior Program Manager of Solidaridad Network Asia, Mr. Sadat Ahmad Khan, SVP & Head of SME & AFD of SIBL, Mr. Md. Moniruzzaman, SVP & Head of Marketing & Brand Communication Division of SIBL, Mr. Muhammed Abdus Sahid, Manager of Maizdee Branch, Mr. Md. Atiquzzaman, Program Manager of Solidaridad Network Asia, were present as special guests. Senior officials of SIBL, soybean cultivators along with local dignitaries were also present.

Mr. Md. Sirajul Hoque, Deputy Managing Director of SIBL, said that SIBL for the third time disbursed agricultural finance at 4% profit rate among Soybean cultivators of Subornochar, Noakhali, and also hoped that investment facilities would be extended gradually among more farmers. Mr. Md. Abdul Hakim, General Manager of Agricultural Credit Department, Bangladesh Bank praised this initiative of SIBL and expected that the poverty level would be lessened in this region through this kind of initiative and Bangladesh would achieve capacity to meet the demand of soybean reducing import dependency.