DHAKA: With a view to recovering default loan and loan disbursement generation, state-owned Agrani Bank has decided to slash all kinds of loan interest rates by 1 percent.

Besides, the loanee, who will pay regular installment, will get special discount.

The decisions were taken at the meeting of Board of Directors of the bank on Wednesday. Agrani Bank Chairman Arastu Khan attended the meeting among others high officials.

Earlier, the deposit rate was fixed at 9 percent for all state-run and specialized banks.

BDST: 0917 HRS, OCT 23, 2014