Bangladesh, Jan. 28 -- Palli Karma-Sahayak Foundation (PKSF) has signed five separate credit guarantee agreements with Jamuna Bank, Commercial Bank of Ceylon, Trust Bank, Mercantile Bank and NCC Bank under its Credit Enhancement Scheme (CES).

Under the agreements, the banks will be able to extend a total of Tk1,000 crore in guaranteed loans to PKSF's partner organisations, according to a press release.

The signing ceremony took place on Monday at PKSF Bhaban-1 in Agargaon, Dhaka. PKSF Managing Director Md Fazlul Kader signed the agreements on behalf of the foundation.

The agreements were signed on behalf of the banks by Ahsan Zaman Chowdhury, managing director and CEO of Trust Bank PLC; Haily Algewatte, deputy CEO and chief operating o...