Midas to disburse BDT 100m term loan to LankaBangla Securities

Dhaka, Bangladesh (BBN) – A term loan agreement for BDT 100 million was signed between Midas Financing Limited and LankaBangla Securities Limited in the city recently, a press statement said.

As per the agreement, Midas Financing will disburse the loan to LankaBangla Securities.

Midas Financing is a listed non-banking financial institution (NBFI) while LankaBangla Securities remains the top broker in both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).

LankaBangla Securities is a subsidiary of LankaBangla Finance, a leading NBFI.

BBN/SI/SS/AD-24September08-12:29 AM (BST)

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