Dhaka Bank Limited and International Finance Corporation (IFC) recently signed a US$ 50 million syndicated working capital solutions facility agreement.
The IFC, private sector investment arm of the World Bank, arranged the facility for the bank with syndication of Bank Muscat, ICICI Bank, The National Bank of Ras Al Khaimah, Axis Bank and Union National Bank, according to a statement.
This is the first-ever syndicated loan in Bangladesh arranged by IFC with the global commercial banks. This fund will be utilised for financing trade transactions of Dhaka Bank through its Offshore Banking Unit.
A ceremony was held on at the corporate office of Dhaka Bank in the city recently when IFC Country Manager for Bangladesh, Bhutan and Nepal Wendy Werner handed over a crest to Managing Director & CEO of Dhaka Bank Syed Mahbubur Rahman.
Senior officials of Dhaka Bank Emranul Huq, Additional Managing Director, Mohammad Abu Jafar, Deputy Managing Director, S.M. Mahbubul Alam, In-charge, International Division were present on the occasion.
Ehsanul Azim, Senior Investment Officer and Tahsina Mohsin, Investment Officer from the IFC also attended the ceremony.
Dhaka Bank, IFC sign deal on $ 50m syndicated loan
FE Team | Published: November 13, 2018 23:57:50
IFC Country Manager for Bangladesh, Bhutan and Nepal Wendy Werner handing over a crest to Managing Director & CEO of Dhaka Bank Limited Syed Mahbubur Rahman at a ceremony at the corporate office of Dhaka Bank in the city recently
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