House Building Finance to get €270.57m IDB loan

Bangladesh House Building Finance Corporation will get a €270.57 million loan, equivalent to about Tk 3,000 crore, from Islamic Development Bank for its Rural and Peri-urban Housing Finance Project. 

The bank approved the loan in its annual conference for 2023 in Jeddah, Saudi Arabia running on May 10-13, said a press release.

This is the second loan for the project. Earlier, the bank provided nearly Tk 1,000 crore for the project. 

Md Abdul Mannan, managing director of BHBFC, expressed his gratitude to the secretary and the senior secretary of the financial institutions division, finance division and economic relations division of the finance ministry of Bangladesh for their all-out cooperation to this end.

Mannan also gave thanks to the board of directors, concerned executives of the BHBFC as well as the IsDB Bangladesh mission members.