7 banks to finance setting up hospital

United Commercial Bank Limited (UCB) signed a Syndicated Term Loan agreement with Imperial Hospital Limited (IHL) as Lead Arranger along with 6 others Banks & Financial Institutions Sunday at a local hotel in Dhaka.

The agreement was signed for raising Syndicated Term Loan of BDT 2500.00 million in favour of IHL to finance for setting up a 353 bed Tertiary Care and referral Hospital in Chittagong.

As lead arranger Mr. Muhammed Ali, Managing Director, UCB and Mr. Amjadul Ferdous Chowdhury, Managing Director, Imperial Hospital Limited signed their respective agreement.

 Other participating lenders signatories were Mr. K. Shamshi Tabrez, Managing Director, Dutch-Bangla Bank Limited; Mr. Farman R. Chowdhury, Managing Director, Shahjalal Islami Bank Limited; Mr. Md. Nazmus Salehin, Managing Director, Standard Bank Limited; Mr. Md. Abdul Quddus, Managing Director, NRB Global Bank Limited; Mr. Quazi ASM Anisul Kabir, Deputy Managing Director, Bangladesh Commerce Bank Limited and Mr. Hafizur Rahman, Executive Vice President & CFO, Fareast Finance & Investment Limited.

Among others Mr. Kazi Akram Uddin Ahmed, President of FBCCI & Chairman of Standard Bank Limited; Mr. M A Hashem, Chairman of UCB, Mr. Md. Jahangir Alam Khan, Director, UCB; Mr. Nurul Islam Chowdhury, Director, UCB, Prof. Dr. Rabiul Husain, Chairman, Imperial Hospital Limited; Mr. M A Malek, Director of Imperial Hospital Limited & Editor of Daily Azadi; Mr. M Shahidul Islam, Addition Managing Director, UCB; Mr. Mirza Mahmud Rafiqur Rahman, Additional Managing Director, UCB; Mr. A E Abdul Muhaimen, Additional Managing Director, UCB; Mr. Md. Tariqul Azam, Deputy Managing Director, UCB; Mr. Mohammad Shawkat Jamil, Deputy Managing Director, UCB and Mr. Mohammad Al-Amin, First Vice President & Head of Structured Finance Division, UCB  along with other executives of participating organizations were present at the event.