Standard Bank extends Tk 150m credit facility to Int'l Leasing
Standard Bank Limited has extended a credit facility of Tk 150 million to International Leasing and Financial Services Limited.A loan agreement to this effect was signed between the two organisations recently in Dhaka, says a press release. Mosharraf Hossain, managing director of Standard Bank, and Mafizuddin Sarker, managing director of International Leasing and Financial Services, signed the agreement on behalf of their organisations. The proceeds of the facility will be used for procurement of capital machinery. Kazi Akramuddin Ahmed, chairman of Standard Bank, Sahazada Syed Nizamuddin Ahmed, chief banking consultant of the bank, and other senior executives of both the organisations were present.
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