Prime Bank sign deal with ITFC Master Murabaha
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....
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