4 state-owned banks sign Tk 30.55b loan agreement for power plant
A synidication project loan facility agreement was signed between the Unique Meghnaghat Power Limited and four state-owned banks — Sonali Bank, Janata Bank, Agrani Bank and Rupali Bank — at a city hotel on Tuesday. Agrani Bank Limited is the lead arranger and agent bank of the syndicated loan of over Tk 30.55 billion for a 584 MW Combined Cycle Power Plant being built at Sonargaon in Narayanganj under a private scheme. The power plant project of the Unique Meghnaghat Power Limited involves a total of over Tk 40.73 billion.General Manager (credit) of Agrani Bank Abdullah Al Mamun and other general managers of the three other banks and Managing Director of Unique Meghnaghat Power Limited Chowdhury Nafis Sarafat signed the loan agreement.
Nestle opens Tk 150cr infant formula plant
Nestle Bangladesh yesterday started processing, filling and packaging the company’s infant formula at its Tk 150 crore factory in Sreepur, Gazipur. The state-of-the-art plant with an annual production capacity of 6,000 tonnes will create around 1,000 direct and indirect jobs.At the primary stage, Lactogen 2 and Lactogen 3 will be processed there. Later, Lactogen 1 and Nano would be processed. Some 34 factories in the world have this kind of plant and Nestle Bangladesh joins this league with this plant. Industries Minister Nurul Majid Mahmud Humayun inaugurated the plant through an online programme where MdSirazul Islam, executive chairman of Bangladesh Investment Development Authority (BIDA). Nestle Bangladesh kept its commitment of establishing the plant in the country. Bangladesh is the fastest growing economy and investing here is profitable. Around 10,000 tonnes of infant formula is sold in Bangladesh every year and Nestle holds 55 to 60 per cent of the market share with its two brands Lactogen and Nan.The company has been selling its products in Bangladesh for more than 26 years.
Meghna Bank launches priority banking services
Meghna Bank Limited launched ‘Meghna Priority Banking Services’ for the high-net-worth customers through a virtual event recently, says a statement. In order to focus on customers’ needs and aspirations, Meghna Bank Priority Banking Services categorised the customers into four segments — Blue Diamond, Jade, Jasper and Mass Banking. These segments are designed to meet the evolving needs of high-net-worth customers so that they can take advantage of exclusive perks and benefits.HN Ashequr Rahman MP, chairman of Meghna Bank Ltd., launched the new services. Sohail RK Hussain, Managing Director & CEO of the bank.
Local and Global Stock Indices *
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