Prime Bank Limited has recently joined the SME Finance Forum to promote and expand financing to micro, small, and medium enterprises (MSME) in Bangladesh.
Managed by IFC, a World Bank Group organisation, the SME Finance Forum works to expand access to finance for small and medium businesses.
The forum operates a global membership network bringing together 190 financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs, said a press statement on Thursday.
Prime Bank is the fifth member from Bangladesh in this global forum.
"When we started in 2012, we were in an exploratory phase for the first few years. Since 2016, we've been implementing our mission to build a global partnership to support the SME financing," said Matthew Gamser, CEO of the SME Finance Forum.
"We are delighted to welcome Prime Bank to further grow our mission," he added.
Prime Bank is a market-driven institution providing financial services like consumer and wholesale banking, sustainable finance, and MSME banking.
As Bangladesh starts its journey to graduate into a middle income country, Prime Bank strives to contribute to the government's development journey through entrepreneurship development especially in MSME, the media statement claimed.
"Our mission is to support MSMEs in Bangladesh with enterprise development services, loan products, trade services, and deposit products. With the help of the forum, we can further improve our institutional knowledge of SME banking and interact with peers and stakeholders globally," said Rahel Ahmed, managing director and CEO of Prime Bank.