Dhaka, Feb. 21 -- Prime Bank has signed a Master Murabaha Agreement with the International Islamic Trade Finance Corporation (ITFC), a member organisation of the Islamic Development Bank (IsDB).

The arrangement will support the growing trade business of Prime Bank for SME and Corporate segment. Under this agreement, ITFC will provide a trade facility against a Letter of Credit issued by Prime Bank.

This is a three-year facility extended to Prime Bank, following a previous one-year trade facility from ITFC under Murabaha Agreement, says a press release.

Published by HT Digital Content Services with permission from The New Nation....