5:18 pm - Monday June 14, 5971

Pubali Bank reduces interest rate for expansion of industry

Pubali Bank Limited has reduced the interest rate in giving loan for expansion of industry and economic development. Besides this, the largest private bank of the country has introduced SMS based banking services for the customers to give them up-to-date and safe service.

Press confManaging Director & CEO of Pubali Bank Ltd Helal Ahmed Chowdhury announced this information at a `Meet the Press’ in the Board room of Bank’s Head Office. Additional Managing Director M.A. Halim Chowdhury, Deputy Managing Director Safiul Alam Khan Chowdhury and Senior Executives of Head Office were also present.

In his speech Helal Ahmed Chowdhury said that, “We have to make it easier in getting loan to invest in the industry sector. The area of eco-friendly and productive programs is increasing in the country. Different persons and instituitions are investing in setting up new industry. Keeping this in mind, Pubali Bank Limited has reduced the interest rate from 16.5 to 15.0 in giving loan for expansion of industry and economic development.” He said, “We are considering to reduce the interest rate according to environmert and economic development sector, amount of loan and quality of customers.The interest rate already exists- 13% in agriculture, 10% in women entrepreneurs, 7% in packing credit, 4% in spice production etc. Besides, prime customers and customers with good track record are getting loan even in less interest rate.”

Regarding SMS based banking service Helal Ahmed Chowdhury said, “Customers will get 24 hours banking information through this service. With 427 branches the largest private bank of the country Pubali Bank is committed to provide modern & technology based banking services to the customers. Customers of Pubali Bank will get the facilities of banking and transactions under this service through SMS. As a part for providing better services & client’s increasing demand Pubali Bank introduced SMS based banking services. The SMS service will cover debit & credit transaction notification, online transaction, loan sanction and disbursement, L/C opening & payment, card activation/ deactivation, monthly balance notification, FDR renewal message, ATM & POS transaction, internet banking access and many more.” He also said, “This service is for both our customers and officials which will strengthen relationship with customer and mitigate risk of cash transactions. He said, “Our top priority is considering business continuity, better customer serevice, risk mitigation and proper cash flow and cash management.”