Dhaka, April 25 -- Prime Bank PLC., a leading private commercial bank in Bangladesh, recently announced the successful signing of a US$30 million Term Loan Agreement with the OPEC Fund for International Development (OPEC Fund), a prestigious international development finance institution.

This strategic collaboration is designed to significantly enhance Prime Bank's capacity to support critical trade finance requirements across the nation's Small and Medium Enterprise (SME), agriculture and corporate sectors, according to a media release.

The facility, structured as a Term Loan, will be provided to Prime Bank's Offshore Banking Unit by the OPEC Fund. It carries an initial tenor of one year, with a key provision for extension up to three ...