Prime Bank, PRAN-RFL ink agreement for collateral-free Distributor Financing facility
Prime Bank has signed an agreement with PRAN-RFL Group to extend the financial solutions to their distributors across the country on 6, September 2021.
According to a press release, this partnership will enable PRAN-RFL Group to avail collateral-free loan up to BDT 1 Crore in the form of an Overdraft (OD) Facility.
Under the agreement, distributors of PRAN-RFL will get easy access to credit. Distributors can also avail a wide range of deposit products.
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Hassan O Rashid, managing director and CEO of Prime Bank, Uzma Chowdhury, director-finance of PRAN-RFL Group, Faisal Rahman, additional managing director and Syed M Omar Tayub, head of MSME Banking of Prime Bank and other senior officials of both organizations were also present on the occasion.
