Prime Bank PLC and Flowco Bangladesh Limited have signed a Memorandum of Understanding (MoU) to introduce dedicated green financing facilities for petrol pump owners across Bangladesh.
The agreement was signed recently at Bank’s corporate office, marks a significant step toward promoting environmentally sustainable practices in the fuel retail sector.
Under this agreement, Prime Bank PLC will provide tailored green financing solutions to eligible petrol station owners.
These financial products are designed to empower owners to implement advanced fuel tank cleaning, sludge removal and vapor emission reduction technologies without the burden of heavy upfront capital investment.
This initiative directly supports Bangladesh’s national sustainability goals and environmental compliance requirements, fostering a transition toward cleaner energy practices in the downstream fuel retail sector.
The formal agreement was signed by M Nazeem A Choudhury, deputy managing director (DMD) of Prime Bank PLC, and Towhid Iftakher Hussain, managing director of Flowco Bangladesh Limited.
The ceremony was further graced by the presence of Mohammad Aminur Rahman, head of SME business (acting) and Shaikh Nur Alam, head of S Business and refinance from Prime Bank PLC.
Also in attendance were Maruf Alam, vice chairman of Flowco, along with other senior officials from both organizations.
By bridging the gap between high-end environmental technology and accessible capital, Prime Bank PLC and Flowco Bangladesh Limited are setting a new standard for ecological responsibility within the nation’s energy infrastructure.
