Bank Asia, PRAN-RFL sign agreement for supply chain financing

Bank Asia Ltd and PRAN-RFL Group have signed an agreement for supply chain financing.

Under the agreement, Bank Asia Ltd will ensure finance to PRAN-RFL Group’s suppliers against approved invoices, reads a press release received here on Saturday.

Md Arfan Ali, president and managing director of the Bank Asia, and Uzma Chowdhury, director of the PRAN-RFL Group, signed the agreement on behalf of their respective sides at the Bank Asia Tower in the capital’s Kawran Bazar on Thursday.

Deputy managing directors of Bank Asia Shafiuzzaman and SM Iqbal Hossain, along with high officials of both the organisations, were present.