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POST TIME: 20 June, 2018 00:00 00 AM
CCCI hails IBBL’s move to bring down interest rates to single digit
STAFF REPORTER, Ctg

CCCI hails IBBL’s move to bring down interest rates to single digit

The Chittagong Chamber of Commerce and Industry (CCCI) has hailed Islami Bank Bangladesh Limited (IBBL) for its move to bring down interest rates to single digit from July 1, the first day of fiscal year 2018-19.

In a press statement issued yesterday, Mahabubul Alam, president of CCCI, said IBBL has taken a decision to cut the down bank loan interest rates to a single digit as per the recent direction of the Prime Minister Sheikh Hasina for promotion of the industrialization.

He also urged the other banks of the country to bring interest rates down to single digit following the IBBL.

The CCCI president expressed his sincere and deep gratitude to the Prime Minister for giving such direction in response to the long-standing demands of the businesses.

He also welcomed and congratulated the bank’s board of directors for their decision, the statement added.

He also hoped that this effort will play an important role in achieving 7.8 per cent GDP growth in the coming fiscal year and the increasing the expected investment.