Shah A Sarwar, Managing Director and CEO of IFIC Bank, and Uzma Chowdhury, Director of PRAN Dairy, exchange documents after signing an MoU at the bank’s head office in Dhaka Sunday.

IFIC Bank Limited signed a memorandum of understanding (MoU) with PRAN Dairy Limited on extending agriculture loan facilities.

As per the agreement, the suppliers of PRAN Dairy will facilitate with the IFIC Bank’s credit services for purchasing cattle and establish daily farms, said a press release.

Moreover, the dairy company will make payment of the loan installment to IFIC Bank on behalf of the borrowers from their sale proceeds of milk.

Shah A Sarwar, Managing Director and CEO of IFIC Bank, signed an MoU with Uzma Chowdhury, Director of PRAN Dairy, at the bank’s head office in Dhaka Sunday.

Mati-ul Hasan, Deputy Managing Director (Business) of IFIC Bank, SM Abdul Hamid, Deputy Managing Director and CFO, Md Jahiruddin Ferdous, SVP & Head of CRM, Md Alamgir Kabir, Deputy General Manager (Finance) of PRAN-RFL Group, attended the signing ceremony.