BIO grants a USD 15 million loan to Mutual Trust Bank in Bangladesh

The Belgian Investment Company for Developing Countries (BIO) has provided a USD 15 M loan facility to Mutual Trust Bank PLC (MTB). This loan facility will directly support the expansion of MTB's portfolio dedicated to Micro, Small and Medium Enterprises (MSMEs) and sustainable financing initiatives.

Marking a milestone

This transaction represents BIO's first foreign currency transaction in Bangladesh. TSW Capital Services Private Ltd., a leading financial advisory firm headquartered in Mumbai, India, played a crucial role as transaction advisor for this funding.

Strategic partnership for growth and impact

The USD 15 million financing strengthens the strategic partnership between BIO and MTB. Both organizations share a commitment to creating measurable positive impacts on Bangladesh's economy and environment.

Benefits

The project delivers a multitude of benefits for Bangladesh. By providing increased access to finance for MSMEs, this initiative will foster business growth and create new job opportunities. Furthermore, the promotion of sustainable financing practices will equip businesses with the tools they need to mitigate climate risks. This comprehensive approach also promotes financial inclusion, ensuring that underserved populations can participate in the formal economy. Ultimately, this partnership between BIO and MTB contributes to the advancement of several UN Sustainable Development Goals (SDGs) in Bangladesh, fostering a more prosperous and sustainable future for the country.

Beyond financing: adressing gender equality

In addition to direct financial support, BIO offers technical assistance to MTB to address gender equality within the bank's operations and lending practices. This comprehensive approach aims to ensure inclusive financial services that benefit all segments of the Bangladeshi economy.