Tk380 crore bank loan to construct LPG plant in Sitakunda - News Summed Up

Tk380 crore bank loan to construct LPG plant in Sitakunda


The photo was taken at the Pasur river, recently Syed Zakir Hossain/ Dhaka TribuneMutual Trust Bank and JMI Group signed a syndicated loan dealMutual Trust Bank Ltd and JMI Group have signed a Tk380 crore syndicated loan deal for the latter’s LPG project. It is said to be one of the biggest syndicated loans provided for the construction of a liquefied petroleum (LP) gas plant in Chittagong’s Sitakunda upazila. Mutual Trust Bank is the lead organizer of the loan facility, while Agrani Bank, NRB Bank, Uttara Finance, and Saudi Bangladesh Industrial and Agricultural InvestmentCompany (SABINCO) are also associated with it. Agrani Bank is slated to finance Tk150 crore out of Tk380 crore. Among others, Agrani Bank Chairman Dr Zaid Bakht, Managing Director MohammadShams-Ul-Islam, Chairman of Mutual Trust Bank Md Hedayetullah, as well as other senior officials from other concerned organizations were also present at the ceremony.


Source: Dhaka Tribune February 11, 2019 16:52 UTC



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