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Atlas Bank opens ‘Cash Plus’ - LRE - 06-19-2008 09:02 PM
Atlas Bank opens ‘Cash Plus’
KARACHI: Atlas Bank Limited Wednesday announced the launch of ‘Cash Plus’, the first ever packaged product for small to medium sized businesses.
During the launch, chief executive officer of the bank, Aziz Rajkotwala said, “Cash Plus is the first unsecured facility for SMEs in Pakistan through which customers can get a loan up to Rs 2 million. A market competitive mark-up rate and faster turn around time makes this product a truly practical business loan.” Cash Plus is a running finance credit facility with no collateral requirements. The facility provides working capital assistance to businesses and has been developed to help them fulfill their emergency cash needs with unmatched freedom. The product will be initially available in Karachi, Lahore, Rawalpindi, Islamabad, Peshawar, Multan, Gujranwala, Sialkot, Faisalabad and Hyderabad. staff report
http://www.dailytimes.com.pk/default.asp?page=2008%5C06%5C19%5Cstory_19-6-2008_pg5_15