Prime Bank joins SME Finance Forum to market MSMEs

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Prime Bank Limited has joined the SME Finance Forum to promote and expand financing to MSME businesses in Bangladesh, a press statement said.

Managed by IFC of World Bank Group, SME Finance Forum works to expand access to finance for small and medium businesses. The forum operates a global membership network that includes 190 financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs

Prime Bank may be the fifth member from Bangladesh in the global forum.

“When we were only available in 2012, we were within an exploratory phase for the first couple of years. Since 2016, we’ve been implementing our mission to create a global membership to aid better SME financing, and since then, we’ve established a network with over 190 active members, who operate in over 190 countries sharing the normal reason for helping under-served enterprises. We are delighted to welcome Prime Bank to help expand grow our mission.” said Matthew Gamser, CEO of the SME Finance Forum.  

“Our mission is to aid MSMEs in Bangladesh with enterprise development services, loan products, trade services, and deposit products. With the help of the Forum, we are able to further improve our institutional understanding of SME banking and connect to peers and stakeholders globally,” said Rahel Ahmed, managing director and CEO of Prime Bank Limited.

Now this partnership between SME Finance Forum and Prime Bank will create a facilitating business ecosystem for a large number of MSME businesses in the country, the statem
Source: http://www.theindependentbd.com

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