AB Bank signs Short-Term Finance (STF) facility and Global Trade Finance Program (GTFP) with International Finance Corporation (IFC)


AB Bank Limited, country’s first private commercial bank signed a Memorandum of Understanding (MOU) regarding “Registration with Electronic Government Procurement (e-GP) System” with Central Procurement Technical Unit (CPTU), Ministry of Planning recently. The signing ceremony took place at Ministry of Planning, Agargaon, Dhaka.

Under the MOU, CPTU will provide E-GP Portal Dashboard and training to nominated focal persons of the bank in e-GP portal link as the e-payment service provider. As member bank AB Bank will provide services like registration/re-registration of bides/tenders and sell tender documents on behalf of Procuring Agencies (Pas) and Procuring Entities (PEs) within the territorial jurisdiction of the bank.

Mr. Shamim Ahmed Chaudhury,  President & Managing Director(Current Charge) AB Bank Limited and Mr. Amulya Kumar Debnath, Director General ,CPTU,  Ministry of Planning, Government of Bangladesh signed the MOU on behalf of their respective organizations.

Mr. Mohammad Mejbahuddin, Secretary IMED, Ministry of Planning, Government of Bangladesh attended the MOU signing ceremony and presided over this function.