Prime Bank And Flowco Launch Green Financing Initiative

Prime Bank PLC has partnered with Flowco Bangladesh Limited to introduce dedicated green financing facilities for petrol pump owners across Bangladesh, signalling a major step towards sustainable energy practices in the country’s downstream fuel sector.

The collaboration was formalised through the signing of a Memorandum of Understanding (MoU) at Prime Bank’s corporate office. The initiative aims to support environmentally responsible practices among fuel retailers by providing accessible financial solutions for the adoption of advanced green technologies.

Under this programme, Prime Bank PLC will offer bespoke financing options to eligible petrol station owners, enabling them to implement state-of-the-art environmental solutions. These include advanced fuel tank cleaning systems, sludge removal processes, and technologies to reduce vapour emissions. By alleviating the need for substantial upfront capital investment, the scheme makes environmentally sustainable upgrades financially feasible, supporting both operational efficiency and regulatory compliance.

“Through this initiative, we aim to bridge the gap between high-end environmental technology and accessible financing,” said M. Nazeem A. Choudhury, Deputy Managing Director of Prime Bank PLC. “Our partnership with Flowco Bangladesh ensures that petrol station owners can modernise their facilities while contributing meaningfully to national sustainability goals.”

The MoU was signed by M. Nazeem A. Choudhury of Prime Bank and Towhid Iftakher Hussain, Managing Director of Flowco Bangladesh Limited. The ceremony was attended by senior officials from both organisations, including Mohammad Aminur Rahman, Acting Head of SME Business, and Shaikh Nur Alam, Head of S Business and Refinance from Prime Bank, as well as Mr. Maruf Alam, Vice Chairman of Flowco Bangladesh.

This collaboration is set to enhance the adoption of environmentally friendly practices within Bangladesh’s energy infrastructure, promoting cleaner fuel retail operations and contributing to the nation’s climate action objectives. By combining technical expertise with financial support, Prime Bank and Flowco are establishing a benchmark for ecological responsibility in the private energy sector.

Key Features of the Green Financing Initiative

With this pioneering move, Prime Bank PLC and Flowco Bangladesh are demonstrating that financial innovation can play a pivotal role in driving environmental sustainability in Bangladesh’s energy sector.