Sunday, September 24, 2017

Prime Bank signs $50 million loan deal with IFC

  • Staff Correspondent, bdnews24.com
    Published: 2017-08-08 16:02:02 BdST

bdnews24

Prime Bank Ltd has signed a $50 million loan deal with the International Finance Corporation.

The fund by IFC, a member of the World Bank Group, will be used finance international trade and to disburse loans for businesses in the export processing zones.

In a statement issued on Monday, the bank said its Managing Director Ahmed Kamal Khan Chowdhury and IFC’s Financial Institutions Group’s South Asia Manager Ariane Di Iorio signed the agreement recently.