Business Desk :
Eastern Bank Ltd (EBL) and Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG), Germany’s development finance institution, have recently celebrated celebrated their decade-long partnership in Dhaka recently.
Tthe organisations discussed future collaborations and development projects as well as possible scopes for developments in the financial sector.
DEG Director Corporates Asia Loans, Dr. Hubertus Pleister and EBL Deputy Managing Director and Head of Corporate Banking Ahmed Shaheen attended the program among others.
DEG provides EBL with long-term funding to support local small and medium-sized enterprises and green lending. DEG has partnered with EBL in developing a social and environmental risk assessment system, for sustainable business growth.
To date, DEG and EBL have partnered in three financing agreements, thereof two together with other DFI partners, for an aggregate amount of over USD 100.00 Million. Under these agreements EBL has obtained foreign currency funds from DEG to meet customers’ requirements with respect to long term foreign currency financing and related areas from its banking unit in Export Processing Zones.
Eastern Bank Ltd (EBL) and Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG), Germany’s development finance institution, have recently celebrated celebrated their decade-long partnership in Dhaka recently.
Tthe organisations discussed future collaborations and development projects as well as possible scopes for developments in the financial sector.
DEG Director Corporates Asia Loans, Dr. Hubertus Pleister and EBL Deputy Managing Director and Head of Corporate Banking Ahmed Shaheen attended the program among others.
DEG provides EBL with long-term funding to support local small and medium-sized enterprises and green lending. DEG has partnered with EBL in developing a social and environmental risk assessment system, for sustainable business growth.
To date, DEG and EBL have partnered in three financing agreements, thereof two together with other DFI partners, for an aggregate amount of over USD 100.00 Million. Under these agreements EBL has obtained foreign currency funds from DEG to meet customers’ requirements with respect to long term foreign currency financing and related areas from its banking unit in Export Processing Zones.
