Pubali Bank reduces lending rates

Pubali Bank Limited has reduced the lending rate for helping expansion of industry and economic development. Apart from this, the bank has introduced SMS-based banking services for the customers to give them up-to-date and prompt service.The bank reduced the interest rate from 16.5 per cent to 15.0 per cent in disbursing loan. Managing Director & CEO of Pubali Bank Ltd. Helal Ahmed Chowdhury disclosed this at a `Meet the Press’  in the Board room of Bank’s Head Office Tuesday. The Pubali Bank MD said, “We are considering to reduce the interest rate according to environmert and economic development sector, amount of loan and quality of customers.Additional Managing Director M.A. Halim Chowdhury, Deputy Managing Director Safiul Alam Khan Chowdhury and Senior Executives of Head Office were also present, according to a statement.