The New Nation - Internet Edition

The German Investment and Development Company extended Long Term Loan of US$ 7.5 million to Esquire Knit Composite Ltd., a member of Esquire Group for its expansion project of knit composite unit located at Kanchpur, Sonargaon, Narayanganj.

Eastern Bank Ltd has arranged term loan facility of US$ 7.50 million form DEG and term loan syndication facility of BDT 210 million form EBL and DBBL for Esquire Knit Composite Ltd. (EKCL). The agreements to this effect have been signed in a ceremony held at The Westin, Dhaka recently.

Md. Mofazzal Hossain Chairman, Esquire Group, Ehsanul Habib Managing Director Esquire Knit Composite, Ms. Natmol Mahapantz, Investment Manager DEG, Md. Yeasin Ali, MD DBBL and Ali Reza Tftekhar MD EBL were present on the signing ceremony.

EKCL Managing Director Ehsanul Habib and Ms. Natmol Mahapantz, Investment Manager DEG, signed an agreement in this connection on behalf of their respective organizations. A Taka facility agreement for BDT 210 Million was also signed by EKCL MD Ehsanul Habib, EBL MD Ali Reza Iftekhar and DBBL AMD AHM Nazmul Quadir.

"Esquire Group ahs been successfully doing its business for last three decades", says Md Mofazzal Hossain, Chairman of Esquire Group. "We have always valued the support and cooperation we have received from banking community. We thank you for once again extending confidence onus. We strongly believe we can reciprocate the honor."

Speaking at the occasion, Ehsanul Habibu, MD of EKCL said "EKCL believes in generating quality profit, profit that adds value to the national economy without causing harm to the environment.

"Esquire Group is one of our top clients and we are happy to be a partner in its progress," said Ali Reza Iftekhar, Md and CEO of EBL, and Md Yeasin Ali, MD, DBBL. Ms. Natmol Mahapantz, Investment Manager, DEG also spoke in the occasion.