Prime Bank signs $50 million loan deal with IFC

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

Staff Correspondentbdnews24.com
Published : 8 August 2017, 10:02 AM
Updated : 8 August 2017, 10:02 AM

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.