The Federation of Bangladesh Chambers of Commerce and Industry has hailed Islami Bank Bangladesh Limited for its move to bring down interest rate to single digit from July 1, the first day of fiscal year 2018-19.
‘We, the business community, thank IBBL for its decision to bring down the interest rate to single digit . . . it will encourage and intensify the country’s existing development trend,’ said the apex trade body in a statement on Tuesday.
This move of IBBL will boost the confidence of businesspeople and encourage them to work for creating more jobs in the country, said the FBCCI.
Recently, prime minister Sheikh Hasina asked the owners of banks to bring down interest rate to single digit to encourage investment in the country.