News Briefs (24-09-2019)

IDLC finances kitchen mkt veg retailers

IDLC Finance has decided to create access to finance for about 450 Kitchen Market Vegetable Retailers as part of its vision of financial inclusion. Traditionally, these Kitchen Market Vegetable Retailers did not have access to formal credit mainly due to lack of proper documents and financial records. As a result, they are denied of financing facilities from the Banks and Financial Institutions. To fulfil their financing needs, they avail loans from local lenders at a very high interest rate, which is deterrent to their business growth. IDLC Finance wants to contribute in their growth by meeting their financing needs. To provide financing facilities for the vegetable retailers, IDLC has recently signed an agreement with Chaldal recently at IDLC Head Office. — Statement

IBBL organises workshop

Islami Bank Bangladesh Limited organised a workshop on "Audit and Effective Internal Control" at Islami Bank Tower on Monday. Mohammed Monirul Moula, Managing Director (Current Charge) of the Bank addressed the programme as chief guest. — Statement