EBL launches composite banking facilities for SME business houses
Tuesday, 19 February 2008
FE Report
Eastern Bank Limited (EBL) has launched its 5th structured asset product and 1st bundle product -- EBL Banijyo -- in its SME Banking division.
'EBL Banijyo' is a composite banking facility to the SME (small and medium enterprises) business houses that have import related activities.
Ali Reza Iftekhar, managing director and CEO of EBL, officially launched the product and participated in an open discussion with the invitees at a city hotel in the capital Monday.
Muklesur Rahman, head of SME banking, Md. Zahid Hossain, head of business development, Sanjib Kumar Dey, head of product development and portfolio management, and Nazeem A. Choudhury, head of marketing were, among others of the bank, present at the launching ceremony.
The product offers LC (letter of credit) facility, working capital and post import facility with easy conditions, minimum security and at a nil margin.
Importers can easily avail themselves of the new product from 17 SME centres of the bank throughout the country and easily conduct their import related activities.
Any legitimate business period of three years and involvement in import business for at least one year can get this composite facility from any EBL SME centre in the country after complying terms and conditions of EBL Banijyo.
Eastern Bank Limited (EBL) has launched its 5th structured asset product and 1st bundle product -- EBL Banijyo -- in its SME Banking division.
'EBL Banijyo' is a composite banking facility to the SME (small and medium enterprises) business houses that have import related activities.
Ali Reza Iftekhar, managing director and CEO of EBL, officially launched the product and participated in an open discussion with the invitees at a city hotel in the capital Monday.
Muklesur Rahman, head of SME banking, Md. Zahid Hossain, head of business development, Sanjib Kumar Dey, head of product development and portfolio management, and Nazeem A. Choudhury, head of marketing were, among others of the bank, present at the launching ceremony.
The product offers LC (letter of credit) facility, working capital and post import facility with easy conditions, minimum security and at a nil margin.
Importers can easily avail themselves of the new product from 17 SME centres of the bank throughout the country and easily conduct their import related activities.
Any legitimate business period of three years and involvement in import business for at least one year can get this composite facility from any EBL SME centre in the country after complying terms and conditions of EBL Banijyo.