4:42 pm - Tuesday January 18, 5594

UCB signs term loan of $ 6.60m with SRL Marine 

A Term Sheet Signing Ceremony has been executed between United Commercial Bank Limited (UCB) and SRL Marine Products Limited (SMPL) at the Corporate Head Office of UCB on Sunday (11 May 2014).

UCB will act as Facility Arranger for raising the Syndicated Term Loan of USD. 6.60 Million in favor of SMPL in order to set up a 100% export oriented sea food processing plant at Ichanagar, Chittagong.

Signing PicMr. M. A. Hashem, honorable Chairman of UCBL and Mr. A Rouf Chowdhury, honorable Chairman of Sea Resource Group and Bank Asia Limited graced the event as special guests.

Mr. Muhammed Ali, Managing Director of UCBL and Mrs. Sabrina Chowdhury, Managing Director of SMPL signed the Term Sheet on behalf of their respective organizations.

Among others, Additional Managing Director of UCB Mr. M. Shahidul Islam, , Deputy Managing Director of UCB Mr. Md. Tariqul Azam, Deputy Managing Director of UCB Mr. Mohammad Shawkat Jamil, Senior Vice President & Head of Structured Finance Division of UCB Mr. A.S.M. Arif, Managing Director of Sea Fishers Limited Mr. Amanullah Chowdhury, Director of SRL Marine Products Limited Mrs. Ummmehani Chowdhury, Director Co- Ordination of SRL Marine Products Limited Major Abul Fatah (Retd.) and Consultant of SRL Marine Products Ltd Dr. Reza – Ul – Jalil  along with other   Senior Officials of both the organizations were also present in the program.


United Commercial Bank Limited, the finest private commercial bank of the country has always been actively financing in various sectors that adds value to our economy since its inception in 1983.