PRAN-RFL distributors to get Tk 1cr collateral-free loan from Prime Bank
BI Report || BusinessInsider
Hassan O Rashid, managing director and CEO of Prime Bank, and Uzma Chowdhury, director, finance of PRAN-RFL Group, sign an agreement recently. Photo: Courtesy
Distributors of PRAN-RFL Group can avail collateral-free loan up to Tk 1 crore in the form of overdraft (OD) facility from Prime Bank, the bank said in a statement on Sunday.
As part of a strategic alliance with PRAN-RFL Group, Prime Bank has initiated the plan to extend financial solutions to PRAN’s distributors across the country.
The agreement was signed recently. Hassan O Rashid, managing director and CEO of Prime Bank, and Uzma Chowdhury, director, finance of PRAN-RFL Group, signed the deal on behalf of their respective organisations.
Through this financing programme, distributors of PRAN-RFL will get easy access to credit which will supplement their business expansion and meet working capital requirements. Apart from this, distributors can also avail a wide range of deposit products.
Faisal Rahman, additional managing director, and Syed M Omar Tayub, head of MSME Banking of Prime Bank, were also present on the occasion.