850 million under such scheme for Sea Pearl Beach Resort and Spa Limited in Cox’s Bazar, which is set to be the first five star resort in Bangladesh promoting international time sharing.
Earlier, the bank also played a pioneering role in raising syndication loan for the country’s first vacuum evaporated salt re-crystallization plant, the first hydrogen peroxide project and the first ever float glass manufacturing plant
In 2006, the bank arranged the first ever Sharia’h based syndicated investment facility and at the same time, it has imparted training on syndication techniques and practices for central bank officials, officials said.
“Years ago, only the multinational banks used to take the leading role in syndicated financing but lately the local private banks have come forward to dominate the scene”, Ehsanul Haque said. Read more