February 20, 2025
We are strengthening our long-term partnership with Mutual Trust Bank PLC through a USD 25 million term loan, improving access to finance for SMEs and women-led enterprises in Bangladesh.
MTB has been recognized for its commitment to financial inclusion, receiving awards for its support to SMEs and women entrepreneurs. With a nationwide presence and a strong digital banking network, the bank plays a crucial role in expanding access to financial services across both urban and rural areas.
“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,”
Max Saweera Rachawong, Investment Manager at Norfund
While Bangladesh has made significant strides in financial inclusion, challenges remain. As of the latest data, 44 percent of women and 63 percent of men have access to formal financial services, highlighting the ongoing need for targeted efforts to close the gender gap and ensure broader financial access. Through this collaboration, Norfund aims to promote inclusive economic growth and reduce the financial inclusion gender gap in Bangladesh.
