Biman receives BDT 1,000cr from Sonali Bank under stimulus package.
- A Monitor Desk Report16 Apr, 2020 | 971 Views|-+
Dhaka: The national flag carrier Biman Bangladesh Airlines has been granted BDT 1,000 crore in loan from the state-owned Sonali Bank Limited under the government-announced stimulus package for the industries and service sector affected by COVID-19.
The bank's Board of Directors on April 30 granted the loan as working capital for the flag carrier hit hard by the coronavirus pandemic to bear its operational cost.
The grant comes as the central bank had issued a guideline earlier for distributing loans under the BDT 30,000 crore stimulus package.
It may be mentioned here that, on April 22, Biman Bangladesh Airlines sought BDT 1,500 crore in loan from Bangladesh Bank to meet its operational cost during the lockdown amid the coronavirus pandemic. Later, they sent a loan proposal to Sonali Bank.
Sonali Bank Limited has been providing services to the people through its 1,222 branches amid the countrywide shutdown to keep the economy stable. The bank's Board of Directors continued their meetings through videoconferencing since the shutdown began on March 26.
The bank has been making prompt decisions by scrutinising all the proposals put forward by different sectors in efforts to implement the government-announced stimulus package effectively, officials said.