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    SME Financing » Pubali Prochesta
    Pubali Prochesta
    Introduction
    The SMEs worldwide are recognized as engines of economic growth. The important role of SMEs in the national economy of Bangladesh for creating over 90 per cent of industrial enterprises, generating employment to 4 out of 5 industrial workers and contributing to over one-third of industrial value-added to gross domestic product (GDP) emphasizes its promotion by providing access to finance. The relative SMEs share in manufacturing value-added is much higher and estimated to vary between 45 to 50 per cent of totaling value-added generated by the manufacturing industries sector. With these perceived merits of SMEs, Bangladesh Bank has emphasized for their promotion especially in the area of access to finance and has given several directions to the scheduled Banks. For compliance to central bank’s instructions and prospects of SMEs in Bangladesh economy, Pubali Bank Limited introduced three products namely Pubali Subarna, Pubali Karmo Uddyog and Pubali Sujan. All these products are demand loan by nature. But we do not have any product for SMEs to ensure continuous finance for fulfilling the needs of working capital. Research and Development Division in consultation with the Creadit Division has designed a product named “Pubali Prochesta” to augment working capital base in SMEs for uninterrupted day to day operations. The features of the products are given below:
    For any query please Contact at: Tel: (PABX) 9551614 FAX: 880-2-9564009 or e-mail us at gsdd@pubalibankbd.com
    Product Object
    Small and medium enterprise ('SME”) borrowers may need to ensure source of continuous finance for uninterrupted operation. Pubali Prochesta will help SMEs to augment working capital base to meet the day to day financial needs.
    Customer segment
    Any SME entrepreneur
    Purpose
    To meet any justifiable working capital need.
    Nationality
    Bangladeshi
    Age limit
    From 21 years up to 60 years (the borrower's age must not exceed 60 at the expiry of loan tenor)
    Minimum income
    Minimum income must commensurate with the amount of loan applied for.
    Borrower's eligibility
    The entrepreneur:
    must have skills in managing his/her business and has experience of successfully managing the business for at least two (2) years;
    is between 21-60 years of age; and
    has good reputation.
    One exception to the above criteria applies: If a SME customer fully covers credit facility by providing collateral security and has prior employment/business experience in the related industry, the 2 year experience requirement may be relaxed. But experience should be more than 1 year.

    In case of individual, S/he must be Bangladeshi. If the borrower is a company/firm or a joint venture, it must be registered in Bangladesh and majority shares owned by Bangladeshis.

    The applicant must be 100% privately owned, controlled and operated.

    The Principal place of business must be in Bangladesh.

    The project must be financially and economically viable.

    If the borrower is unable to provide collateral/security, she/he must arrange at least one (1) guarantor acceptable to the Bank. If borrower is capable of offering collateral/security, guarantors' requirement may be relaxed and will be reviewed on a case to case basis.

    Successful track record and good credit history will be given weight.
    Loan size
    Tk. 2 lac to Tk 10 lac for SE customers
    Tk 5 lac to Tk 100 lac for ME customers (Collateral is a must)
    Security/Collateral
    Registered mortgage of property/ownership of the space/possession right purchased in Bank's name;
    Hypothecation of machineries, equipment, vehicles, inventories;
    Lien of cash collateral (FDR) and other en-cashable financial instrument;
    In case of proprietorship concern, PG of borrower and spouse;
    In case of private ltd. co. or partnership company, PG of all the directors/partners and their spouses to be obtained;
    Post dated replaceable cheque covering the tenor and limit of the loan;
    Usual charge documents;
    Others as applicable.
    Documentation
    Valid trade license of the applicant;
    Copy of at least 1 year old trade license;
    Notarized partnership deed/registered by SRO (in case of partnership company);
    Memorandum and Articles of Association in case of private limited co.
    Passport/national ID/Photocopy of ward commissioner/UP chairman certificate of the proprietor/Partner;
    Photo of the proprietor/partners/a/c signatory attested by the applicant and verified by relationship manager;
    Last 12 months bank statement of concerned account;
    Statement of all active bank loans;
    Latest clean/UC/standard CIB report;
    Net worth statement of all borrowers and guarantors.
    Insurance
    Fire, flood and RSD insurance as applicable.
    Processing fee
    1% but not exceeding Tk. 10,000.00
    Interest/profit rate
    9.00%p.a. However, the rate is subject to change based on the market conditions and policy of the Bank.
    Penal interest rate
    1% above the regular interest rate to be applied on overdue amount.
    Interest calculation
    Interest will be calculated on daily product basis for debit balance in the following manner.
    Accrual will be made on end of month.
    Interest application
    Quarterly compounded. Interest will be charged in March, June, September and December each year.
    Accounting Entries for Interest Capitalization at quarter end
    Debit: Loan Account (customer)
    Credit: Interest on Advance
    Monthly Provision
    Monthly Provision to be kept for Accrued Interest
    Accounting Entries for Interest Accrual
    Debit: Interest on Advance
    Credit: Income Account (for unclassified accounts)
    Credit: Interest Suspense Account (for classified accounts)
    Stamp charges
    All relevant stamp charges will be on borrower's account and will be debited from the account at the time of disbursement.
    Maximum tenor of the loan
    One (1) year for continuous loan.
    Grace period
    Not applicable.
    Repayment method
    Accounts liabilities to be adjusted every quarter through regular deposits daily/monthly/quarterly but full and final adjustment shall be made within the validity period.
    Type of facility
    CC(H), SOD
    Disbursement precondition
    All the documentation formalities must be completed prior to disbursement.
    Debt-to-Equity ratio
    Maximum 50:50 before disbursement.
    Deposit Procedure
    Random by the depositor, no restriction for deposit
    Withdrawal Procedure
    By cheques supplied by the bank
    Debit by bank through voucher is allowed
    Withdrawal Frequency
    Random by the Customers within the sanctioned limit
    Return of Cheques
    To be recorded in Cheque Return Register
    Charges recoverable for dishonour of cheque for insufficient fund.
    Balance Confirmation
    Balance confirmation to be obtained from the account holders as at 31st December each year.
    Stopped Cheque
    Stopped Cheque Register to be maintained
    Standing Instruction
    Standing Instruction Register to be maintained
    Other Charges
    Excise Duty, Incidental Charges, Service Charges are applicable
    Transfer of Account
    Non transferable
    Duplicate Statement
    Charge for issuance of duplicate statement
    Closing Charge
    No closing charges to be realized
    Classification Status
    Depending upon the time value after expiry of the Cash Credit limit
    Repayment method
    There is no repayment schedule. Borrowers can payback the entire loan amount on or before expiry date.
    Renewal
    The facility may be renewed and/or enhanced by the authority as merit basis
    Change of Interest Rate
    Interest rate can be changed anytime during the tenor of loan
    Special Services
    The Special Services except general services that may be provided to the customer by the Bank, these include:
    Loan Ledger Statements
    Interest Calculation Sheet
    Account Closure
    Verification
    Contact point verification will be done as per prescribed format. It includes address of residence and office, telephone no and references. All verifications will be done to seek/verify/confirm the declared/undeclared information for proper identification of the applicant.
    Common restrictions
    Stock report must be prepared/obtained and placed with loan application;
    Credit risk grading (“CRG”) shall have to be at least “Acceptable” (CRG of at least 75) grade for ME customers;
    From the date of the availing the facility the client has no operate his/her transaction through PBL account. At least 50% of the sales should be routed through the designated account in PBL.
    Foreign Currency Rates
    Currency Buying Selling
    USD 85.90 87.90
    EURO 99.55 104.35
    GBP 116.25 121.80
    News & Events

    Date: 23 September,2021
    Pubali Bank Ltd. signs Agreement with Bangladesh Bank

     

    Date: 06 September,2021
    Pubali Bank Ltd. inaugurates ATM Booth at Kishoreganj

     

    Date: 17 August,2021
    Condolence.

     

    Date: 03 August,2021
    Pubali Bank Ltd. holds countrywide 3rd Virtual Conference 2021.

     

    Date: 06 July,2021
    Article published on Prothom Alo News paper on 05.07.2021 written by our Honorable Managing Director & CEO, Safiul Alam Khan Chowdhury,Pubali Bank Ltd.

     

    Date: 27 June,2021
    Pubali Bank Ltd. inaugurates ATM Booth at traditional Sadarghat Launch Terminal, Dhaka.

     

    Date: 03 June,2021
    Monzurur Rahman Re-elected Chairman of Pubali Bank Ltd.

     

    Date: 03 June,2021
    Pubali Bank Ltd. holds 38th Annual General Meeting (AGM).

     

    Date: 18 April,2021
    03 (Three) new DMDs in Pubali Bank Ltd.

     

    Date: 12 April,2021
    Safiul Alam Khan Chowdhury, Managing Director of Pubali Bank Ltd.

     

    Date: 05 April,2021
    Pubali Bank Ltd. holds 1st Managers’ Conference-2021 of Mymensingh Region.

     

    Date: 17 January,2021
    Pubali Bank Ltd. awarded by Dhaka WASA.

     

    Date: 11 November 2020
    M. Azizul Haq, present Independent Director and Chairman of the Audit Committee & former Chairman of the Board of Directors of Pubali Bank Limited, passed away.

     

    Date: 09 August 2020
    Pubali Bank Ltd. donated a Bus to Bangabandhu Sheikh Mujib Medical University (BSMMU).

     

    Date: 04 August 2020
    Press Release.

     

    Date: 30 July 2020
    Monzurur Rahman elected Chairman of Pubali Bank Ltd.

     

    Date: 30 July 2020
    Pubali Bank Ltd. holds 37th Annual General Meeting (AGM).

     

    Date: 21 July 2020
    Pubali Bank Ltd. holds 2nd Conference-2020(Virtual) of Regional and Corporate Branch Managers.

     

    Date: 07 July 2020
    Pubali Bank Ltd. holds countrywide online conference with all branch managers’ participation

     

    Date: 30 June 2020
    Mohammad Ali new Additional Managing Director of Pubali Bank Ltd

     

    Date: 11 February 2020
    Pubali Bank Ltd. holds 1st Managers’ Conference-2020 of Moulvibazar Region

     

    Date: 27 January 2020
    "Dhaka Angel Lions Club" distributed cloths among cold stricken people

     

    Date: 24 December 2019
    Pubali Bank Limited inaugurates 480th branch at Sonargaon Janapath, Uttara

     

    Date: 12 December 2019
    Pubali Bank Limited inaugurates 476th branch at Kalihati, Tangail

     

    Date: 05 December 2019
    Pubali Bank Ltd. organizes CLS Agent Conference 2019

     

    Date: 28 November 2019
    Pubali Bank Ltd. inaugurates Islamic Banking Window At Gulshan Corporate Branch, Dhaka

     

    Date: 13 July 2019
    Pubali Bank Ltd. holds 2nd conference-2019 of Regional and Corporate Branch Managers

     

    Date: 20 May 2019
    M. Azizul Huq elected Chairman of Pubali Bank Ltd.

     

    Date: 19 May 2019
    Pubali Bank Ltd. holds 36th Annual General Meeting (AGM).

     

    Date: 25 April 2019
    36th (Thirty Sixth) Annual General Meeting(AGM) of Pubali Bank Limited will be held on 19 May 2019.

     

    Date: 11 April 2019
    Pubali Bank Ltd. inaugurates its Renovated `Chairman’s Secretariat’, `Board Room’ and `MD’s Secretariat’.

     

    Date: 21 March 2019
    Pubali Bank Ltd. inaugurates ATM Booth at Agricultural University, Mymensingh.

     

    Date: 17 February 2019
    Pubali Bank Ltd. holds 1st Managers’ Conference-2019 of Rangpur Region.

     

    04 January 2019
    Pubali Bank Ltd. holds 1st Managers’ Conference-2019 of Chattogram South Zone.

     

    03 January 2019
    Pubali Bank Ltd. holds 1st Managers’ Conference-2019 of Chattogram North Zone.

     

    December 31, 2018
    Safiul Alam Khan Chowdhury re-appointed as Additional Managing Director of Pubali Bank Ltd.

     

    December 05, 2018
    Pubali Bank Ltd. organizes “Orientation Program” for newly recruited Armed Guards.

     

    November 13, 2018
    Pubali Bank Limited awarded as the highest tax-payer by NBR.

     

    October 18, 2018
    A training course on ‘Foundation Training for Senior Officers & Officers’.

     

    October 17, 2018
    Pubali Bank Ltd. organizes Fire Safety Training & Fire Drill.

     

    October 11, 2018
    Pubali Bank Ltd. holds 2nd Managers’ conference-2018 of Mymensingh Region.

     

    September 30, 2018
    Pubali Bank Ltd. donates 15 lac taka to Shahjalal University for Research Purpose.

     

    August 12, 2018
    Pubali Bank Ltd. holds 2nd Managers’ Conference-2018 of Dhaka North.

     

    August 09, 2018
    Pubali Bank Ltd. donated an Ambulance to Dhaka National Medical Institute Hospital.

     

    July 25, 2018
    Disclosure relating to un-audited Half-Yearly (Q2) Financial information.

     

    July 16, 2018
    A training course on ‘Foundation Training for Senior Officers & Officers’

     

    July 16, 2018
    Pubali Bank Ltd. appointed Muhammad Mijanur Rahman Joddar as AMD-1.

     

    May 20, 2018
    Vice-Chairman of Pubali Bank Ltd. elected.

     

    May 10, 2018
    Pubali Bank Ltd. holds 35th Annual General Meeting (AGM)

     

    May 10, 2018
    Chairman of Pubali Bank Ltd. Re-elected for 02(two) years

     

    April 30, 2018
    Pubali Bank Limited honoured with plaque by the Centre for NRBs

     

    April 17, 2018
    Pubali Bank Ltd. signs MoU with BRAC Services Ltd

     

    April 15, 2018
    Pubali Bank Limited donated Tk.5 (five) crore to the Honourable Prime Minister’s Relief & Welfare fund.

     

    February 22, 2018
    Pubali Bank Ltd. signed agreement with Bangladesh Bank.

     

    January 22, 2018
    Pubali Bank Ltd. donated a Pick-up to DMP.

     

    January 15, 2018
    Pubali Bank Ltd. signed agreement with Bangladesh Bank.

     

    November 28, 2017
    Pubali Bank Limited donated 50,000 blankets to Prime Minister’s Relief fund.

     

    November 27, 2017
    Pubali Bank Ltd. inaugurates 458th branch at Melandaha Bazar, Jamalpur.

     

    November 08, 2016
    A training course on ‘Foundation Training for Senior Officers & Officers’ was held recently under the auspices of Pubali Bank Training Institute.

     

    November 03, 2016
    Pubali Bank Ltd. holds 4th conference-2016 of Regional and Corporate Branch Managers .

     

    November 03, 2016
    Pubali Bank Ltd. holds 4th conference-2016 of Regional and Corporate Branch Managers .

     

    November 02, 2016
    Pubali Bank Limited donates Tk. 20(Twenty) Lac to Dhaka Bar Association .

     

    October 27, 2016
    Pubali Bank Ltd. organizes Follow up Meeting with the CLS Agents on Consumers Credit Scheme .

     

    October 23, 2016
    Pubali Bank Ltd. gives bicycle to girls of Monir Ahmed Academy, Sylhet .

     

    October 19, 2016
    Pubali Bank Ltd. inaugurates its shifted Gulshan Model Town Corporate Branch.

     

    March 01, 2015
    Pubali Bank Ltd. recommended for 10% Cash Dividend for the year 2014.

     

    February 23, 2015
    Md. Abdul Halim Chowdhury new Managing Director of Pubali Bank Ltd.

     

    February 22,, 2015
    1st Managers’conference-2015 of Dhaka South Region of Pubali Bank Ltd. held.

     

    All News