Padakhep will get a long-term finance of Tk100 million for financing its SME clients
Lankan Alliance Finance Limited (LAFL), the subsidiary of People's Bank - the largest state owned bank of Sri Lanka, has signed a loan agreement with Padakhep Manabik Unnayan Kendra (Padakhep) on Thursday at LAFL's head office in Dhaka.
Following the agreement, Padakhep will get a long-term finance of Tk100 million for financing its SME clients, according to a press release.
Chief Operating Officer of LAFL, Kazi Nasim Ahmed and Executive Director of Padakhep, Md Saleh Bin Sums signed the agreement on behalf of their institutions.
Head of SME of LAFL, Md Sayful Islam, Finance and Accounts Manager of Padakhep, Md Samsuzzaman and other senior executives attended the signing ceremony, it read.