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Prime Bank launches mortgage-free loan for dealers of GPH Ispat

December 28, 2021 00:00:00

A view of the MoU signing between Prime Bank and GPH Ispat recently

Prime Bank has introduced a dedicated Distributor Financing Programme named "Prime Dealer" to serve the dealers/distributors of large corporates across the country.

Under the Prime Dealer programme, Prime Bank Ltd has initiated a strategic partnership with GPH Ispat Ltd, says a press release.

A memorandum of understanding (MoU) has been signed to this effect between the two organisations.

The partnership will help registered GPH Ispat dealers to enjoy collateral-free MSME loan up to Tk 10 million (1.0 crore) from Prime Bank with 24/7 banking services and a dedicated dealer helpdesk.

Champak Chakrab-ortty, Head of Credit Synchronization and Monitoring Unit of GPH Ispat along with Syed Omar Tayub, SEVP & Head of MSME Banking Division of Prime Bank, were present on the occasion with other senior officials from both the organisations.

Commenting on the partnership, the Managing Director & CEO of Prime Bank Hassan O. Rashid said, "It is a great initiative for GPH Ispat& Prime Bank to team up and support the growth of MSME in Bangladesh towards more financial inclusion."

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