Mutual Trust deals with One True Value

Mutual Trust Bank PLC (MTB) and OneTrueValue (OTV) have signed an agreement to expand access to green financing for eligible small and medium enterprises (SMEs) in Bangladesh.

The partnership will also provide technical assistance and training on how to measure the impact of green projects.

The agreement was signed on recently, at the MTB Sun Board Room at the bank’s corporate head office, according to the press release. Mutual Trust Bank Acting Managing Director Chowdhury Akhtar Asif and Truvalu Bangladesh Managing Director Sharawwat Islam signed the agreement.

OTV, a joint venture between Truvalu Enterprises and One to Watch, is implementing the Access to Green Financing for Enterprises – Scale and Innovation Programme with support from the Embassy of Switzerland in Bangladesh.

Under the agreement, OTV will screen SMEs, provide technical assistance and train businesses to measure the impact of their projects. MTB will conduct its own due diligence and finance qualifying projects in line with its credit policies.

The programme covers renewable energy, energy efficiency, waste management, green agriculture and sustainable transport. MTB said the partnership would help more SMEs finance environmentally responsible business activities.

Sanjib Kumar Dey, head of MTB’s SME and Agri Banking Division, and Iftekhar Aziz, head of SME CRM, attended the signing ceremony along with other senior bank officials.