The Investment Corporation of Bangladesh (ICB) has sanctioned a loan of Tk 20 crore in favour of Prime Bank Investment Limited (PBIL) from the "special fund for affected small investors of capital market" on a repayment basis.

Prime Bank Investment Ltd and the Investment Corporation of Bangladesh signed a loan agreement to this end at BDBL Bhaban in Dhaka on Wednesday, said a press release.

CQK Mustaq Ahmed, chairman of Prime Bank Investment, and Abu Taher Mohammad Ahmedur Rahman, managing director (current charge) of the ICB, inked the deal.

Hassan O Rashid, managing director and chief executive officer of Prime Bank Limited and director of PBIL, Khandoker Raihan Ali, managing director and CEO (current charge) of PBIL, Md Anwar Shamim, general manager for accounts and finance at ICB, Md Korban Ali, deputy general manager of the special fund management unit, and Md Faruque Alam, deputy general manager of legal affairs and documentation department, were present.