EBL, Paragon sign Supply Chain Financing agreement

FE Online Desk | Published: May 26, 2019 14:20:41 | Updated: May 28, 2019 11:59:59

Eastern Bank Ltd (EBL) and Paragon Group have recently signed a Supply Chain Financing agreement at the Bank’s Head Office.

Under the agreement, EBL will provide receivable financing facilities to the suppliers and credit facilities to the dealers for lifting their stocks of Paragon Group, said a media release received today (Sunday).

Ali Reza Iftekhar, Managing Director and CEO of Eastern Bank and Moshiur Rahman, Managing Director of Paragon Group signed the agreement on behalf of their respective sides.

Hassan O Rashid, Additional Managing Director, M Khorshed Anowar, Head of Retail and SME Banking, Tasnim Hussain, Head of Assets –Retail and Business, M Mostafiduzzaman, Head of Supply Chain Finance of EBL along with Shohel Ibne Sattar, Chief Operating Officer, Aminul Islam, Chief Financial Officer of Paragon Group attended the signing ceremony.

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