LAFL, Padakhep Manabik Unnayan Kendra ink deal for SME financing
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.
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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.
