German Development Bank has stated that ADK is a trusted and a reputed company.
Speaking to press regarding the US$ 12 million loan granted to ADK by the Bank, the Bank’s Corporate Asia Department Head Herbertus Pleister said the Bank had engaged in long term huge loans and that they had released the loans after serious considerations.
He said the bank had to carefully evaluate all loans as they are a private bank and always had reviewed the status of their potential customers.
“That’s why the loan took a long time. We have been working on this for four years, I do believe it is a long time. But over this period the Bank had closely monitored ADK,”
He said the company had consistently maintained their service and has been sincere in their efforts, and assured the Bank will assist in ADK’s development.
Herbertus also provides loans to Governments, after reviewing the stability of the country and economic status as well as the development status of the country.
ADK Chairman Ahmed Nashid had thanked German Development Bank for their assistance and support extended to the company. The loan agreement was signed on May 26 in Germany.