IPDC launches home loan campaign with AnantaTerraces

IPDC Finance Limited has launched an exclusive home loan campaign with Ananta Terraces, a luxury gated community in Gulshan, a press release said Sunday. Under the month-long campaign, IPDC Finance Limited will offer up to 85percent loan coverage on apartment prices, EMI facility of 25 years, andswift loan processing services

Proparco supports Ananta Group with $13.8mn loan to strengthen its int’l competitiveness

Proparco, the private sector financing arm of Agence Francaise de Developpement Group (AFD Group), has supported Ananta Group, a leading apparel producer in Bangladesh, with a $13.8 million loan to strengthen its international competitiveness.  With this loan, Proparco supports Ananta Huaxiang Limited (AHL), a subsidiary of Ananta Group in Bangladesh, to

BB launches Tk 25000cr refinance fund for small businesses

Bangladesh Bank (BB) has announced a refinancing scheme of Tk 25000 crore for cottage, micro, small and medium entrepreneurs. Under this scheme, banks and financial institutions can disburse loans through their own branches, sub-branches, agent banking, and mobile financial services (MFS). A BB circular in this regard was issued on Tuesday and

Prime Bank signs deal with GDIC

Prime Bank and Green Delta Insurance Company Limited (GDIC) have signed an agreement to provide insurance facilities to the bank’s car and home loan customers, a press release said Tuesday. With this partnership, Prime Bank’s car and home loan customers can avail insurance policy to cover the risks of their

BRAC Bank launches loan scheme for higher studies

BRAC Bank has launched ‘Agami Personal Loan’ - a new customized product to help parents and guardians with their children’s higher education. This is the first such loan product of BRAC Bank for facilitating higher studies in Bangladesh and overseas, says a press release. It is part of the bank’s ‘Agami Student

EBL raises Tk 1,200cr syndication loan for Banglalink

Eastern Bank Limited (EBL) has successfully raised Tk 1,200 crore in the form of syndicated term loan for Banglalink Digital Communications Limited, a prèss release said Wednesday. A total of 17 banks participated in the landmark syndication A signing ceremony to this effect took place today at The Westin, Dhaka. Mohd. Humayun

Amal Foundation provides loans to tackle child marriage

Amal Foundation, a local NGO, partnered with IPDC, are tackling child marriage issue at hand, said a press release. Both partners collaborated to develop a unique project to prevent child marriage: the IPDC Child Marriage Prevention Loan, powered by Amal Foundation, launched as a pilot project in the Bogra District in

BB refuses to extend loan moratorium facility

Bangladesh Bank has decided not to extend the loan moratorium extension for enterprises slated to end this Friday, the last day of the calendar year. The news comes on the heels of the FBCCI's recent pleas, which entreated the central bank to extend the moratorium facility for at least six more

Govt rejects Alesha Mart’s plea for 300C BB loan

The Commerce Ministry has refused to provide any kind of support to controversial e-commerce platform Alesha Mart to secure a Tk300 crore loan from Bangladesh Bank. In a letter sent to the platform’s managing director Manjur Alam Sikder on December 15, the ministry instead advised them to apply directly to the

ADB to loan $400m to Bangladesh under CPS

Bangladesh and the Asian Development Bank (ADB) on Monday signed an agreement for $400 million in loan for constructing the Dhaka-Sylhet highway to improve mobility, road safety, and regional trade in the proposed north-east economic corridor in the country. The assistance is the first tranche of a $1.78 billion multi tranche