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20 August, 2018 08:22:17 AM
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3 state-owned banks to provide Tk 531 crore in loan

Independent Online Desk
3 state-owned banks to provide Tk 531 crore in loan

Three State-owned Commercial Banks (SCBs) have planned to disburse Tk 510 crore in loan to the rawhide traders for purchasing skins of sacrificial animals during Eid-al-Adha to be celebrated in the country on August 22, reports BSS.

“Like every year, we will provide loan to rawhide traders for buying skins of sacrificial animals as the rawhide collected during the Eid-al-Adha cater much of Bangladesh’s demand for leather,” Managing Director and Chief Executive Officer of the Rupali Bank Limited M Ataur Rahman Prodhan told the news agency yesterday

This year, he said his bank has already sanctioned Taka 175 crore for rawhide purchase. The credit facilities will be very helpful for rawhide traders to run smoothly their business, he added.

Talking to the news agency, Managing Director and CEO of the Agrani Bank Limited Mohammad Shams-Ul Islam said his bank is giving its businesspeople clients Tk 146 core for rawhide purchase this year. But defaulters will not be given any loan this year, he added.

He said the bank has already sanctioned the loan and the disbursement will start as per the demand of the rawhide traders.

A senior official of the Janata Bank Limited said Janata Bank has set a plan to provide Taka 210 crore loan to traders for rawhide purchase this year.

“But the disbursement of the loan will start after the Eid-al-Adha as the traders will demand for the loan after purchasing the rawhide in due,” he added.

KK

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
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Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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