Member News: Prime Bank Limited joins SME Finance Forum to support MSME banking in Bangladesh
Sep 03, 2020
Washington D.C., September 3rd, 2020- We’re excited to share that Prime Bank joined the SME Finance Forum global membership network. We bring together development financial institutions, banks, and fintechs from around the world to support SMEs through knowledge exchange, policy change, and impactful partnerships.
“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 membership to support better SME financing, and since then, we’ve established a network with over 190 active members, who operate in over 190 countries sharing the common purpose of helping under-served enterprises. We are delighted to welcome Prime Bank to further grow our mission.” said Matthew Gamser, CEO of the SME Finance Forum.
Prime Bank is a market-driven institution providing financial services like consumer and wholesale banking, sustainable finance, and MSME banking. They offer competitive rates and convenient loan features to maximize customer value. Over the years, they have received numerous financial institution awards for their service and performance. As Bangladesh starts journey to graduate into middle income country, Prime Bank strives to contribute to the government’s development journey through entrepreneurship development especially in MSME. Prime Bank is committed to easy access to finance to MSME businesses with innovative and tailor-made banking solutions.
“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 Limited.
About SME Finance Forum
The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research, and best practice in promoting SME finance. As an implementing partner for the GPFI, the International Finance Corporation (IFC) was tasked with managing the initiative.
To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list
About Prime Bank
Prime Bank Limited, traded as ‘PRIMEBANK’ on Dhaka Stock Exchange, has been one of the fastest growing banks in Bangladesh with consistent financial performance since its inception in 1995. The bank remains in the forefront of innovative solutions aided with new technology and fintech solutions. With 146 branches, 170 ATM and powered by more than 3,200 passionate employees, the bank has established its unique mark in Corporate, Consumer, MSME and Sustainable Banking. Its `AA’ credit rating, ADB, SAFA, Euromoney, AsiaMoney, Global Finance Awards and strong commitment to sustainability speak of its good governance compliance, transparency and accountability.