Basic Bank, Int'l Leasing sign Tk 50m credit deal
Bangladesh Small Industries and Commerce Bank Limited (Basic Bank) and International Leasing and Financial Services Limited signed a loan agreement recently in Dhaka. Luthful Karim, deputy general manager of Basic Bank, and Mafizuddin Sarker, managing director of International Leasing, signed the agreement on behalf of their organisations. Under the deal, Basic Bank will extend a credit line of Tk 50 million to International Leasing, says a press release. The credit line will be utilised for extending financial assistance or development of productive enterprises in Bangladesh in the field of leasing of plant, machinery, professional and office equipment.
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