Wells Fargo, a leading financial services institution has extended balance sheet support to Eastern Bank PLC (EBL) in the form of a trade loan of USD 20 million. This transaction not only marks the largest trade loan extended to EBL but also represents the highest amount granted by the US-based
Tag: Loan
MDB gives loans to farmers
Midland Bank Limited (MDB), under intermediary agreement with Society for Family Happiness and Prosperity (FHP), an NGO, disbursed loans directly to the farmers at 4% interest rate under Bangladesh Bank Refinancing Scheme in the Agricultural sector to ensure food safety initiative of the country, press release said Monday. On this
BB urges IMF to lower forex reserve criteria to get next loan tranche
Bangladesh has now requested the International Monetary Fund to lower the requirement of foreign exchange reserves at $20 billion as a condition of releasing the second installment of the $4.7 billion loans, an official of Bangladesh Bank confirmed this on Monday. The request was made to the visiting IMF delegation that
BGCBL starts disbursing Remittance Loan
Bengal Commercial Bank Limited (BGCBL) is providing loan facility to remittance earners and their families. Recently “Bengal Remittance Loan” service has been launched to encourage remittance earners to send remittance through the banking channel. Tarik Morshed, Managing Director & CEO of the Bank handed over the “Bengal Remittance Loan” cheques
Adani Group pre-pays $1,114m loans
Leading Indian multinational conglomerate Adani Group promoters have paid the amounts to pre-pay $1,114 million loans ahead of its maturity in September 2024, the company said in a statement. The decision was taken in the of light market volatility and in continuation of the promoters’ commitment to reduce the overall promoter
IMF approves $4.7b loan for Bangladesh
The International Monetary Fund (IMF) has approved Bangladesh's US$4.7 billion loan proposal during a board meeting on Monday. Bangladesh will get about $3.3 billion under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) and about $1.4 billion under the Resilience and Sustainability Facility (RSF), said a press
IMF board may consider $4.5b loan for Bangladesh Jan 30
ADB, Envoy Textiles sign loan facility
The Asian Development Bank (ADB) entered into a €10.8 million ($11.2 million) facility agreement with Envoy Textiles Limited (Envoy) to support and finance the purchase and installation of energy-efficient spinning machinery and other equipment to expand sustainable textile production and create local jobs. The proceeds of the loan will be used
BRAC Bank gets 10 lakh SME clients
Govt, ADB sign $200m deal to strengthen microfinance
The Asian Development Bank (ADB) and the government of Bangladesh Tuesday signed an agreement for $200 million in loan to strengthen microfinance in Bangladesh, supporting microenterprises, particularly those owned by women and those located in regions with high climate risks. Sharifa Khan, Secretary, Economic Relations Division (ERD), and Edimon Ginting, Country