Home Finance IPDC Finance To Borrow €15m From Germany

IPDC Finance To Borrow €15m From Germany

IPDC Finance To Borrow €15m From Germany

IPDC Finance Ltd has attained approval from the Bangladesh Bank to avail of 15 million euros in long-term financing from the German development finance institution DEG. In a filing on the Dhaka Stock Exchange (DSE) on September 13, 2022, the non-bank financial institution said the central bank had accorded its approval through Standard Chartered Bank for availing the loans. Thus, the article defines IPDC Finance To Borrow €15m From Germany.

The approval reaches certain conditions that will instruct IPDC to renegotiate the terms and conditions of the loan with the lender. Shares of IPDC Finance ended 7.36 percent higher at Tk. 70 on the DSE.  

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