ONE Bank has recently arranged foreign and local finance for Provita Fish Feed Ltd, a concern of Provita Group, for establishing an automated animal, poultry and fish feed mill at Bhaluka, Mymensingh.
An agreement has been signed in this regard between ONE Bank Limited and Provita Group in presence of Senior Officials of Participating Lenders and Chairman and Managing Director of Provita Group.
On that ceremony Chairman Muhammed Nurun Nabi and Managing Director AKM Aminul Islam informed that, the fund would be utilised for establishing a state of the art, automated, animal feed processing unit to produce quality feed for cattle, fish and poultry, which will ensure hygiene, improved nutrition and germ free so that cattle, fish & chicken are less prone to diseases, grows up healthy & normally and ensures more weight & egg production. The project aims to capitalize the market demand for quality feed and group’s existing networks, brand& competency, thus contribute to the socio-economic development of the country.
The participants in the syndication were Dutch-Bangla Bank Ltd., IDLC Finance Ltd, Mercantile Bank Ltd, ONE Bank Ltd, Trust Bank Ltd and United Commercial Bank Ltd.