Dhaka Bank signs term loan deal with Bangladesh Bank
Tuesday, 5 January 2010
Dhaka Bank Limited signed an agreement of Tk 423.20 million (42.32 crore) for term loan with Bangladesh Bank (BB) at BB head office in the city recently, according to a press release.
The agreement is under financing from Investment Promotion and Financing Facility (IPFF) project of BB, a World Bank financed project.
This fund is a part of total syndicated fund arrangement of Tk 1.15 billion (115.00 crore) to Malancha Holdings Limited, a concern of United Group for setting up a 35 Mega Watt Power Plant as Independent Power Producer (IPP) at Dhaka Export Processing Zone.
Bangladesh Bank Executive Director Md Abul Quasem, Dhaka Bank Limited Managing Director (MD) Khondker Fazle Rashid and DMD Tanweer Rahim and other senior officials of both the institutions were present at the signing ceremony.
The agreement is under financing from Investment Promotion and Financing Facility (IPFF) project of BB, a World Bank financed project.
This fund is a part of total syndicated fund arrangement of Tk 1.15 billion (115.00 crore) to Malancha Holdings Limited, a concern of United Group for setting up a 35 Mega Watt Power Plant as Independent Power Producer (IPP) at Dhaka Export Processing Zone.
Bangladesh Bank Executive Director Md Abul Quasem, Dhaka Bank Limited Managing Director (MD) Khondker Fazle Rashid and DMD Tanweer Rahim and other senior officials of both the institutions were present at the signing ceremony.