Pubali Bank loan for Phoenix Finance

A term loan agreement for Tk 200 million was signed between Pubali Bank Limited (PBL) and Phoenix Finance & Investments Limited at Pubali Bank Head Office recently, said a press release. Md. Mosharraf Hossain, General Manager, Principal Branch of Pubali Bank Ltd. and SM Intekhab Alam, Managing Director of Phoenix Finance & Investments Limited signed the agreement on behalf of their respective companies at a simple ceremony. PBL sanctioned this term loan for 5 years. Helal Ahmed Chowdhury, Managing Director of Pubali Bank Limited, Additional Managing Director MA Halim Chowdhury, Deputy Managing Director Mahbub Mustafizur Rahman, Deputy Managing Director of Phoenix Finance & Investments Limited M. Shah Alam and other officials of both companies were also present at the signing ceremony. Mr Helal in his short speech inform that PBL is extending bulk loan to NBFI's at a competitive interest rate. Mr Intekhab thanked PBL for the loan and expressed his hope to improve the mutual relationship further in future time.