AB Bank arranges Tk 660m syndicated loan for GPH Ispat
Thursday, 16 August 2007
FE Report
Arab Bangladesh (AB) Bank Limited recently arranged a syndicated loan of Tk 660 million (66 crore) for GPH Ispat Limited.
It will cover both project loan and working capital finance to establish an integrated steel project.
GPH Ispat Limited Managing Director Md Jahangir Alam, Trust Bank Limited MD Iqbal U Ahmed, and AB Bank President and MD Kaiser A Chowdhury signed the loan facility agreement on behalf of their respective organisations.
High officials of these organisations were also present at the signing ceremony.
Arab Bangladesh (AB) Bank Limited recently arranged a syndicated loan of Tk 660 million (66 crore) for GPH Ispat Limited.
It will cover both project loan and working capital finance to establish an integrated steel project.
GPH Ispat Limited Managing Director Md Jahangir Alam, Trust Bank Limited MD Iqbal U Ahmed, and AB Bank President and MD Kaiser A Chowdhury signed the loan facility agreement on behalf of their respective organisations.
High officials of these organisations were also present at the signing ceremony.