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Committed
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Vol. 5 Num 1067
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Sat. June 02, 2007
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Business
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StanChart to give Brac Tk100cr loan for micro-finance activities

Standard Chartered Bank-Bangladesh and Brac have entered into an agreement under which the bank will extend Tk 100 crore facility to Brac as a revolving loan. Ahmed A Shah, head of Client Relationships of the bank, and SN Kairy, director (Finance) of Brac, signed the deal on Thursday in Dhaka, while Osman Morad, CEO of the bank, and Md Aminul Alam, deputy executive director of Brac, among others, were present at the signing ceremony. PHOTO: Standard Chartered
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