AB Bank arranges Tk 920m term loan for Venture Energy Resources

AB Bank Limited has arranged a syndicated term loan of Tk 920 million for Venture Energy Resources Limited to set up a power plant at Bhola, which will sell 34.50 MW electricity to Bangladesh Power Development Board. brIn this connection, an agreement was signed between the two organisations in the city recently, said a press release.brInfrastructure Development Company Limited was the co-arranger of the loan. brAmong others, President and Managing Director of AB Bank Kaiser A Chowdhury and Vice Chairman of Venture Energy Resources Arifur Rahman Sinha were present at the deal signing ceremony.brThe other participating banks and financial institutions are Bangladesh Commerce Bank Limited, Mutual Trust Bank Limited, National Bank Limited, Pubali Bank Limited, Saudi Bangladesh Industrial and Agricultural Investment Company and Uttara Bank Limited.