Muhammed Ali, managing director of United Commercial Bank, and Amjadul Ferdous Chowdhury, managing director of Imperial Hospital, pose after signing a deal on syndicated term loan of Tk 250 crore for the hospital, at a local hotel in Dhaka on Sunday. Photo: UCB

United Commercial Bank has arranged a syndicated term loan of Tk 250 crore for Imperial Hospital (IHL), the bank said in a statement yesterday. 

IHL will use the loan to set up a 353-bed tertiary care and referral hospital in the port city of Chittagong, according to the statement.

Muhammed Ali, chairman of UCB, and Amjadul Ferdous Chowdhury, chairman of Imperial Hospital, signed an agreement on loans on Sunday.

UCB is the lead arranger of the fund with Dutch-Bangla Bank, Shahjalal Islami Bank, Standard Bank, NRB Global Bank, Bangladesh Commerce Bank, and Fareast Finance and Investment, involved in the lending syndicate, it said.