Meghna Bank Ltd and Basher Group of Industries have signed a loan agreement recently. Sohail R K Hussian, CEO & Managing Director, Meghna Bank, and Mohammad Abul Basher, founder chairman of the Basher Group, signed the agreement. Meghna Bank Ltd and Basher Group of Industries have signed a loan agreement recently, says a statement.
Under the agreement, Basher Spinning Mills Ltd. and Nortex Spinning Mills Ltd., two spinning arms of Basher Group of Industries, will enjoy an aggregate credit facility of Tk 1,100 million from Meghna Bank.
Hosting over 85,000 spindles, the group specialises in carded, combed and compact yarn. With its cutting-edge technology and dedication to perfection, the group has already earned a good name among buyers.
Sohail R K Hussian, CEO & Managing Director, Meghna Bank, and Mohammad Abul Basher, founder chairman of the Basher Group, signed the agreement on behalf of their respective organisations.
Among others, Engr Estahak Ahmed Shaikat, Managing Director of the Group and Director of Bangladesh Textile Mills Association (BTMA), and Kimiwa Saddat, Head of Corporate Banking, and Nazia Khair, Head of Relationship Unit of Corporate Banking, Meghna Bank Ltd, were also present.
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