General Pharmaceuticals Limited (GPL), a leading pharmaceuticals company of Bangladesh, is going to get 650 million taka as term loan by the endeavor of Eastern Bank Ltd (EBL) with eight other foremost banks of Bangladesh through syndication. Recently an agreement has been signed with the participating banks at Dhaka Westin Hotel. The participating banks in this venture are Eastern Bank Ltd, AB Bank Ltd, Bangladesh Commerce Bank Ltd, Dutch-Bangla Bank Ltd, National Bank Ltd, One Bank Ltd, Pubali Bank Ltd, Standard Bank Ltd and Trust Bank Ltd. In the ceremony, Managing Director of GPL Dr. Momenul Haq said the construction of new factory will be commenced this year under the guideline of UKMHRA, TGA and PICS. Master plan of this factory, with the state of the art production facility is designed by the world renowned Australian consultant APC. He also added, upon completion of the constr
uction, GPL will be able to export pharmaceutical products into Middle East and European countries meeting the local demands. Mr. Ali Reza Iftekhar, MD & CEO of EBL expressed his appreciation to all the partners for their wholehearted support towards achieving the financial close of' this milestone transaction. Managing Directors, Chief Executive Officers and top executives of all the participating banks graced the occasion by their presence.