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MTB granted Mandate of USD 50 Million to finance the First Swissôtel in Bangladesh by Bengal Group

Mutual Trust Bank Limited (MTB) was granted the mandate by Bengal Hotels and Resorts Ltd., a concern of Bengal Group, to finance the first ever Swissôtel in Bangladesh – Swissôtel Dhaka, at a simple ceremony held recently at the bank’s Corporate Head Office, MTB Centre, Gulshan 1, Dhaka. Chairman of Bengal Group of Industries Morshed Alam, MP, Vice Chairman Jashim Uddin, Director Humayun Kabir and MTB Managing Director and CEO, Anis A. Khan, MTB Additional Managing Director, Md. Hashem Chowdhury, MTB Deputy Managing Directors, Md. Zakir Hussain and Syed Rafiqul Haq along with other top officials of both the organizations were present at the event.

Morshed Alam, MP, Chairman of Bengal Group of Industries appreciated the sincere efforts of MTB to act as the Lead Arranger, and take this major project forward by arranging low cost foreign debt for the equity sponsors and debt financing institutions. The MTB Managing Director and CEO, Anis A. Khan, expressed his heartfelt gratitude to Bengal Group of Industries for their confidence in MTB and assured them of providing maximum support for implementing the project successfully, which would play a significant role in expanding the flourishing hotel and tourism industry in the country.

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