The Daily Corporate Desk
Dhaka, 18 August 2026: City Bank has successfully closed a BDT 2.59 billion (Tk259 crore) term loan facility for Norp Knit Industries Limited and Prudent Fashions Limited, two ready-made garment (RMG) companies of Pearl Global.
The financing has been provided by City Bank and IDCOL to support the expansion and enhancement of Pearl Global’s production capacity in Bangladesh.
The transaction was formally concluded at a closing ceremony attended by senior representatives from City Bank, Pearl Global and IDCOL.
The financing is expected to support the companies’ production expansion and strengthen their manufacturing capabilities, contributing to the continued development of Bangladesh’s export-oriented apparel industry.
City Bank said the transaction reflects its commitment to supporting sustainable industrial development, private-sector investment and long-term economic growth in Bangladesh.
The facility also highlights the growing role of structured and long-term financing in helping export-oriented manufacturers expand capacity and strengthen their position in global supply chains.
