Debonair Group to enjoy Tk1,500m credit facilities from Meghna Bank
Under a recently signed agreement, Debonair Group will also enjoy Forex and hedging facilities from the bank
Debonair group— country's one of the largest jacket manufacturing group with backward linkages including padding, quilting, geo textile solutions— will enjoy an aggregate credit facilities of Tk1,500m along with Forex and hedging facilities from Meghna Bank Ltd. The two parties recentl;y signed an agreement to this end.
Sohail R K Hussian, CEO and managing director, Meghna Bank and Ayub Khan, managing director, Debonair group, signed the agreement on behalf of their respective organisations, reads a press release on Sunday.
Among others, Kimiwa Saddat, head of Corporate Banking, Nazia Khair, head of Relationship Unit, Corporate Banking, Meghna Bank were also present at the signing ceremony.
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Regarding the agreement, Kimiwa Saddat said, "Meghna Bank aims to increase its presence significantly in RMG & Textile sector, the highest contributor in country's overall export, GDP & female employment. As a part process, the Bank has partnered with Debonair group and its six manufacturing units."
Apart from significant export and contributing in national exchequer regularly, Debonair Group has bagged green certification for its four factories and gold certifications from buyers like H&M in a span of only ten years.
