The New Nation - Internet Edition

A term loan agreement for Tk. 100 million was signed between Pubali Bank Limited (PBL) and Utara Finance and Investments Limited (UFIL) at Pubali Bank Head Office recently. Dipak Kumar Chakraborty, General Manager, Principal Branch of Pubali Bank Ltd. and S.M. Shamsul Arefin, Managing Director of Utara Finance and Investments Limited signed the agreement on behalf of. their respective organisations at a simple ceremony. PBL sanctioned this term loan for 5 years.

Helal Ahmed Chowdhury, Managing Director of Pubali Bank Ltd. in his short speech said that PBL was extending bulk loan to NBFl's at a competitive interest rate.

S.M. Shamsul Arefin, Managing Director of Utara Finance and Investments Ltd thanked PBL for the loan and expressed his hope to improve the mutual relationship further in future time.

General Manager of Credit Division of PBL Mizanur Rahman Molla and M. Mustafizur Rahman, Company Secretary of Utara Finance and Investments Ltd Md. Jakir Hossain and other officials of both organisation were also present at the agreement signing ceremony.