A Tk 200 crore syndicated term loan facility has been ensured for micro credit lending programme of Brac, a leading NGO, under the lead arrangement of Prime Bank Ltd.

An agreement to this effect was signed on Tuesday in Dhaka, says a press release.

Imam Anwar Hossain, chairman of Executive Committee of the Board of Directors of Prime Bank Ltd, was present at the signing ceremony, which was presided over by M Shahjahan Bhuiyan, managing director of the bank.

Officials of Brac, Mercantile Bank Ltd, Standard Bank Ltd, One Bank Ltd, Uttara Bank Ltd, Arab Bangladesh Bank Ltd, Dutch-Bangla Bank Ltd, Export Import Bank of Bangladesh Ltd, Mutual Trust Bank Ltd, National Bank Ltd, National Credit and Commerce Bank Ltd, State Bank of India, The City Bank Ltd, The Trust Bank Ltd, United Commercial Bank Ltd, Bank Alfalah Ltd, Jamuna Bank Ltd and Brac Governing Body signed the agreement on behalf of their respective organisations.