The Investment Corporation of Bangladesh (ICB) has secured a Tk 30 billion loan with a state guarantee to support the country’s capital market. The disclosure was made on the Dhaka Stock Exchange (DSE) website.
The loan, approved by Bangladesh Bank, was facilitated through a finance ministry guarantee issued on November 13. The fund’s objective is to enhance ICB’s investment capacity and repay high-interest loans and deposits, enabling the corporation to improve its financial efficiency and market intervention capabilities.
The loan’s interest rate has been set at the variable bank rate, ensuring alignment with current market conditions. The funds were officially deposited into ICB’s bank account on December 12, completing the transaction.
This initiative is critical as the capital market continues to face volatility. The loan is expected to stabilize the market and rebuild investor confidence.
