Prime Bank and Flowco Launch Green Financing Initiative

In a landmark step towards sustainable development in Bangladesh’s energy sector, Prime Bank PLC and Flowco Bangladesh Limited have jointly launched a dedicated green financing programme for petrol pump entrepreneurs. This pioneering initiative aims to introduce environmentally friendly technologies across the downstream fuel sector, enhancing operational efficiency while contributing to the nation’s sustainability targets.

The programme was officially inaugurated through a Memorandum of Understanding (MoU) signing ceremony held at the corporate headquarters of Prime Bank. Under the agreement, eligible petrol pump operators will have access to specialised financial solutions from Prime Bank, enabling them to adopt advanced, eco-conscious technologies. The initiative focuses on several key technical interventions, including advanced tank cleaning systems, sludge removal processes, and vapour emission reduction technologies.

Commenting on the initiative, Mr M. Nazim A. Chowdhury, Deputy Managing Director of Prime Bank, stated, “Our objective is to bridge high-tech environmental solutions with accessible financing. By partnering with Flowco Bangladesh, we are ensuring that petrol pump entrepreneurs can modernise their facilities while simultaneously supporting national sustainability goals.”

The MoU was signed by Mr M. Nazim A. Chowdhury on behalf of Prime Bank and Mr Touhid Iftar Hossain, Managing Director of Flowco Bangladesh. Senior officials from both organisations attended the ceremony, including Mr Mohammad Aminur Rahman, Acting Head of SME Business at Prime Bank, Mr Sheikh Noor Alam, Head of ES Business & Refinancing, and Mr Maruf Alam, Vice Chairman of Flowco.

This collaborative initiative is expected to accelerate the green transformation of Bangladesh’s fuel sector, promote cleaner fuel management practices, and make a meaningful contribution to the country’s climate action agenda.

Key Features of the Green Financing Initiative

By integrating financial innovation with environmentally sustainable technologies, Prime Bank and Flowco Bangladesh demonstrate that strategic partnerships can safeguard environmental sustainability in the energy sector. This initiative will not only benefit business operators but also align with the national agenda to build a greener, more resilient energy infrastructure.