United Commercial Bank Limited (UCB) and International Finance Corporation (IFC) signed three agreements in Dhaka.Under the agreements IFC will finance UCB for a total sum of USD75 million in three modes: GTFP, WCSS STF and SEF Remediation finance for RMG industries, says a press release on Monday. A signing ceremony was held at corporate office of UCB at Gulshan Dhaka on Monday, which was represented by Muhammed Ali, Managing Director of UCB and Mengitsu Alemayehu, Director, South Asia, IFC. M Shahidul Islam, Additional Managing Director, Mirza Mahmud Rafiqur Rahman, Additional Managing Director, AE Abdul Muhaimen, Additional Managing Director, Md Tariqul Azam, Deputy Managing Director, Mohammad Shawkat Jamil, Deputy Managing Director, Md Sohrab Mustafa, Deputy Managing Director, Golam Awlia, Deputy Managing Director from UCB and Wendy Werner, Country Manager for Bangladesh, Bhutan and Nepal, Kyle F Kelhofer, Country Manager-Vietnam, Rehan Rashid, Senior Country Officer and Paarul Dudeja, Investment Officer of IFC among others were also present.
