SLCM Group (Sohan Lal Commodity Management), the only Agri Logistics Group which has a presence in Myanmar to provide Warehouse Management and Collateral Management Services through its wholly owned subsidiary, SLCM Ltd has signed a MoU with Myanma Apex Bank for collateral financing in Myanmar, industry website Equity Bulls reported on 19 December.
The step is aimed at strengthening the network for providing collateral management solutions to processors, traders, exporters, farmers & importers across Myanmar.
The signing commitment states that rate of interest for loan disbursement remains fixed at 13%.
With this, SLCM Ltd. becomes the only warehousing & collateral management services provider in Myanmar & has tie-ups with four leading nationalized banks including Yoma Bank, C B Bank, United Amara Bank and now with Myanma Apex Bank.