Prime Bank offers mortgage-free loan for PRAN-RFL suppliers

FE Team | Published: December 24, 2023 22:14:52

In presence of Faisal Rahman, additional managing director of Prime Bank, Nazeem A Choudhury, deputy managing director of the bank, and Uzma Chowdhury, director-finance of PRAN-RFL Group, signed the agreement on behalf of their respective organisations in the city recently.

PRAN-RFL suppliers would enjoy mortgage-free overdraft loans up to Tk 100 million (10 crore), a statement said.
The Prime Bank PLC and the PRAN-RFL Group signed a Memorandum of Understanding (MoU) at Prime Bank head office in Dhaka recently on the hassle-free credit facility against the validated invoices of their delivered products.
In presence of Faisal Rahman, additional managing director of Prime Bank, Nazeem A Choudhury, deputy managing director of the bank, and Uzma Chowdhury, director-finance of PRAN-RFL Group, signed the agreement on behalf of their respective organisations.
Senior officials from both organisations were also present during the agreement signing ceremony.
This programme would help suppliers expedite the pace of their business without working capital requirement.