Dhaka, Bangladesh (BBN) – A term loan agreement for BDT 200 million was signed between Pubali Bank Limited (PBL) and Phoenix Finance & Investments Limited at Pubali Bank Head Office in Dhaka recently.

Mosharraf Hossain, General Manager, Principal Branch of Pubali Bank Ltd. and SM Intekhab Alam, Managing Director of Phoenix Finance & Investments Limited signed the agreement on behalf of their respective companies at a simple ceremony.

PBL sanctioned this term loan for 5 years, a press statement said.

Helal Ahmed Chowdhury, Managing Director of Pubali Bank Limited, in his short speech informed that PBL is extending bulk loan to non-banking financial institutions (NBFI’s) at a competitive interest rate.

Mr Intekhab thanked PBL for the loan and expressed his hope to improve the mutual relationship further in future time.

BBN/SSR/AD-12Oct11-11:09 am (BST)