NEWS

Industrial and Infrastructure Development Finance Company Limited (IIDFC) signed a 5-years term loan agreement with EXIM Bank Ltd recently. Mr. Proshanta K Halder, Deputy Managing Director of IIDFC and Mr. Md. Kazi Masihur Rahman, Managing Director of EXIM Bank Ltd signed the agreement on behalf of their respective institutions. Mr. Md. Sirajul Islam Bhuiyan, Mr. Mohammed Haider Ali Miah, Deputy Managing Directors of EXIM Bank Ltd and other senior officials from both the institutions were also present in the ceremony. IIDFC, a fast growing NBFI, strengthen its market position significantly during the last couple of years through its diversified service packages like Lease Financing, SME Financing, Syndicated fund arrangement and so on.

Chairman and Managing Director presenting Crest to His Highness Sheikh Nahayan Mabarak Al Nayahan

IIDFC to Raise Syndicated Loan for "Pran Group"

Industrial and Infrastructure Development Finance Company Ltd (IIDFC) will raise syndicated loan in local currency for Pran ExportLtd and RFL Plastics Ltd. A memorandum of understanding (MoU) to this effect was signed between the two organisations on Thursday in Dhaka,says a press release.Amjad Khan Chowdhury, chief executive of Pran Group, ,and Mahmood Malik, managing director of IIDFC, signed the 'MoU on behalf of their organisations. IIDFC will raise the syndicated loan, which will be utilized for installation of a new food processing concern and also for expansion of existing plastic product manufacturing project.