LAFL announces partnership with Padakhep

Lankan Alliance Finance Limited (LAFL), the subsidiary of Peoples' Bank of Sri Lanka, has signed a loan agreement with Padakhep Manabik Unnayan Kendra (Padakhep) on Thursday.

Padakhep will get long term finance of Tk100 million for financing its SME clients under this agreement, according to a press release.

Chief Operating Officer of LAFL, Kazi Nasim Ahmed and Executive Director of Padakhep, Md Saleh Bin Sums signed the agreement on behalf of their respective institutions, the press release said.

The signing ceremony was also attended by the Head of SME of LAFL, Md Sayful Islam, Finance & Accounts Manager of Padakhep, Md Samsuzzaman and other senior executives.