Dhaka, Nov. 20 -- United Commercial Bank PLC (UCB) has recently signed an agreement with Bangladesh Bank under the 'Digital Nano Loan' refinance scheme.

Under the agreement, UCB will utilize Bangladesh Bank's refinance facility to disburse Digital Nano Loan at a lower interest rate through a technology-driven process, creating new opportunities for people who remain outside the reach of conventional financial services, according to a media release.

The signing ceremony was held at the head office of Bangladesh Bank, where Mohammad Mamdudur Rashid, Managing Director & CEO of UCB, and Md. Iqbal Mohasin, Director of the Financial Inclusion Department at Bangladesh Bank, signed the agreement on behalf of their respective organizations.

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