M Nurul Islam, managing director (Acting) of Mercantile Bank Limited, and Md Abdur Rashid Gazi, managing director of Midas Financing Limited, signed the agreement on behalf of their organisations in Dhaka recently, says a press release.

Under the deal, the bank will extend a credit facility of Tk 10 crore to Midas Financing Ltd.

Lutfar Rahman Sarkar, chief advisor, A K M Shahidul Haque, deputy managing director, alongwith other high officials of the bank and Md Golam Sarwar Bhuiyan, senior general manager, and Shafiqu-Ul-Azam, general manager of Midas Financing Limited, were present.