Trust Bank to provide credit facility to FAS
Saturday, 27 October 2007
FE Report
Trust Bank Limited will provide a credit facility of Taka 50.0 million (5 crore) to the Fidelity Assets and Securities Company Limited (FAS), a non-banking financial institution.
A pari passu security sharing agreement was signed between the two organisations at the Trust Bank head office in the city recently.
Trust Bank Managing Director Iqbal U Ahmed, and FAS Managing Director and CEO Mohammed NS Kabir signed the agreement on behalf of their respective organisations.
Deputy Managing Director Ishtiaque Ahmed Chowdhury, Senior Vice President and Head of Credit Risk Management Mohammd Masoom, Senior Assistance Vice President and Chief Manager, principal branch, Hossain Shah Ali of Trust Bank and Senior Assistant Vice President Md Akhtar Hossain and Assistant Vice President Moniruzzaman Akan of FAS were also present on the occasion.
Trust Bank Limited will provide a credit facility of Taka 50.0 million (5 crore) to the Fidelity Assets and Securities Company Limited (FAS), a non-banking financial institution.
A pari passu security sharing agreement was signed between the two organisations at the Trust Bank head office in the city recently.
Trust Bank Managing Director Iqbal U Ahmed, and FAS Managing Director and CEO Mohammed NS Kabir signed the agreement on behalf of their respective organisations.
Deputy Managing Director Ishtiaque Ahmed Chowdhury, Senior Vice President and Head of Credit Risk Management Mohammd Masoom, Senior Assistance Vice President and Chief Manager, principal branch, Hossain Shah Ali of Trust Bank and Senior Assistant Vice President Md Akhtar Hossain and Assistant Vice President Moniruzzaman Akan of FAS were also present on the occasion.