Prime Bank Investment joins forces with Confidence Group to provide investment banking services

Prime Bank Investment Limited (PBIL) has announced the signing of a Memorandum of Understanding (MoU) with Confidence Group, a leading conglomerate in Bangladesh, marking the commencement of a strategic collaboration to provide comprehensive investment banking services.

With this collaboration, PBIL, a subsidiary of Prime Bank PLC, and UCB Investment Limited (UCBIL) will jointly provide tailoured investment banking services to Confidence Group, covering equity and debt capital arrangement, corporate advisory services, and more, according to a press statement.

The signing ceremony, held at The Westin Dhaka, brought together esteemed leaders, including Engr Rezaul Karim, Chairman, and Imran Karim, Vice-Chairman from Confidence Group; Syed M Omar Tayub, Managing Director and CEO, and Khandoker Raihan Ali, FCA, Chief Operating Officer from Prime Bank Investment; and Tanzim Alamgir, Managing Director and CEO of UCB Investment.

Distinguished individuals including Faisal Rahman, AMD, and Sajid Rahman, SEVP from Prime Bank PLC, along with Arif Quadri, Managing Director and CEO, and ATM Tahmiduzzaman, AMD from UCB PLC, graced the occasion, alongside other senior personnel from each organisation.

PBIL's longstanding partnership with Confidence Group, dates back from 2010, when it facilitated a significant equity transaction raising BDT 526.6 million through the issuance of Rights Share for Confidence Cement Limited, underscores its commitment to the conglomerate's growth trajectory, the statement adds.