AB Bank arranges Tk264m loan for Basic Dredging Co
Arab Bangladesh (AB) Bank Limited has arranged a syndicated credit facility of Tk 264 million for Basic Dredging Co Ltd to support the land development work in Jhilmil residential project area, Keraniganj, Dhaka.The other participants in the syndication arrangements for the Rajdhani Unnayan Katripakkha (Rajuk) project is The City Bank Ltd. Kaiser A Chowdhury, president and managing director of AB Bank, Abbas Uddin Ahmed, managing director of The City Bank, and Md Saiful Islam, chairman and managing director of Basic Dredging, signed the agreement on behalf of their organisations in Dhaka on Sunday, says a press release.
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