MTB secures USD 25m term loan from Norfund to strengthen partnership

Business Report :

Mutual Trust Bank PLC (MTB) and Norfund have signed a USD 25 million Term Loan Facility Agreement, reinforcing their commitment to sustainable economic growth in Bangladesh.The signing ceremony was held at the Sheraton Dhaka Hotel in the capital recently.

The event was graced by His Excellency Håkon Arald Gulbrandsen, Norwegian Ambassador to Bangladesh; Saweera (Max) Rachawong, Norfund Investment Manager; and Syed Mahbubur Rahman, MTB’s Managing Director and CEO.

MTB’s AMD and CBO Khalid Mahmood Khan highlighted this milestone as a testament to the bank’s strategic growth. Norfund’s Sawyer (Max) Rachawong and MTB’s Kaida Azam, the transaction deal manager, shared insights on the collaboration’s resilience despite challenges, emphasising its role in empowering SMEs and businesses. Saweera (Max) Rachawong shared, “The loan aims to enhance financial inclusion in the country, particularly for underserved SMEs and micro-enterprises. This demonstrates our confidence in our partnership with MTB during this transitional period for the country and underscores our commitment to our mission and long-term vision with MTB.”