BRAC Bank signs distributor financing agreement with GPH Ispat
BI Report || BusinessInsider
BRAC Bank has recently signed a distributor financing agreement with GPH Ispat, a steel manufacturer in Bangladesh.
Under the deal, the distributors of GPH Ispat across the country will get collateral-free loans from BRAC Bank for smooth business operations, reads a press release.
Moreover, the agreement will be immensely beneficial for the dealers and distributors of GPH Ispat, as they can now receive steady and assured funding to support their working capital needs from BRAC Bank, the press release added.
Chairman of GPH Group Mohammed Jahangir Alam, BRAC Bank’s Deputy Managing Director and Head of SME Banking Syed Abdul Momen, Head of Emerging Corporate Indrajit Sur and Head of Small Business, East Alomgir Hossain were present at the signing ceremony held at GPH Ispat Office in Chattogram.