UCBL's Tk 200m term loan for Uttara Finance
Wednesday, 1 August 2007
FE Report
United Commercial Bank Ltd ( UCBL ) has extended Tk. 200 million term loan to Uttara Finance and Investments Limited (UFIL).
UCBL Managing Director Hamidul Huq and UFIL Managing Director SM Shamsul Arefin signed an agreement in this connection on behalf of their respective financial institutions at UCBL Board Room in the city recently.
UCBL deputy managing directors Niaz Habib and AKM Kamal Uddin and senior executives and officials of both the institutions were present on the occasion.
The credit line will be utilised in the field of leasing of plant and machineries, transport, professional equipments etc.
Hamidul Huq, in a brief speech on the occasion, assured that as a leading private sector bank in the country, UCBL will continue to expand its investment portfolio to cater to the need of the entrepreneurs in various sectors conducive to socio-economic growth and development of the country.
UFIL MD Shamsul Arefin assured the utilisation of the funds in the related fields for strengthening private sector growth.
United Commercial Bank Ltd ( UCBL ) has extended Tk. 200 million term loan to Uttara Finance and Investments Limited (UFIL).
UCBL Managing Director Hamidul Huq and UFIL Managing Director SM Shamsul Arefin signed an agreement in this connection on behalf of their respective financial institutions at UCBL Board Room in the city recently.
UCBL deputy managing directors Niaz Habib and AKM Kamal Uddin and senior executives and officials of both the institutions were present on the occasion.
The credit line will be utilised in the field of leasing of plant and machineries, transport, professional equipments etc.
Hamidul Huq, in a brief speech on the occasion, assured that as a leading private sector bank in the country, UCBL will continue to expand its investment portfolio to cater to the need of the entrepreneurs in various sectors conducive to socio-economic growth and development of the country.
UFIL MD Shamsul Arefin assured the utilisation of the funds in the related fields for strengthening private sector growth.