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MTB closes Deal with NORFUND for US$ 20 Million Term Loan

Mutual Trust Bank Limited (MTB) recently closed a term loan deal for USD 20 million with NORFUND-The Norwegian Investment Fund for Developing Countries. The closing ceremony was held at the NORFUND Head Office located in Oslo, Norway on May 28, 2018.

Officials present included Kristin Clemet (Ms.), Chair, Board of Directors, Peter Molthe, Senior Advisor, Erik Sandersen, Executive Vice President, Marianne Halvorsen, Senior Investment Manager, Financial Institutions, NORFUND, Anis A. Khan, Managing Director & CEO and Md. Ehethesham Rahman, Vice President & Head of Structured Finance Unit of Mutual Trust Bank Ltd. (MTB).

Kristen Clemet, Chairman, NORFUND appreciated the efforts of MTB and NORFUND for successfully closing the deal through a remarkable partnership. MTB Managing Director & CEO, Anis A. Khan thanked NORFUND for considering MTB as their financial partner and, in turn, contributing significantly to the overall socio-economic development of the country. He emphasized on the consistent hard work of the due diligence teams of both MTB and NORFUND for providing innovative financial solutions with a view to meeting its Corporate and SME customers’ evolving needs.

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