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MTB closes Deal with DEG for US$ 20 Million Term Loan

Mutual Trust Bank Limited (MTB) recently closed a term loan deal for USD 20 million with the German development finance institution DEG – Deutsche Investitions-und Entwicklungsgesellschaft mbH, a member of KfW Bankengruppe. The closing ceremony was held at a city hotel on February 6, 2017.

The occasion was graced by Rena Terfrüchte, Director Financial Institutions Europe/Asia at DEG, Pathomwong Gerdbhoca, Senior Investment Manager, DEG, M.A. Rouf, JP, Chairman, Anwarul Amin, Independent Director and Anis A. Khan, Managing Director & CEO of Mutual Trust Bank Ltd. (MTB).

M.A. Rouf, JP, Chairman, MTB appreciated the efforts of MTB and DEG for successfully closing the deal through remarkable partnership.

Rena Terfrüchte, Director Financial Institutions Europe/Asia at DEG, expressed her gratitude to the due diligence teams of both organizations for closing the deal successfully for the overall development of the country’s economy.

MTB Managing Director & CEO, Anis A. Khan thanked DEG for considering MTB as their financial partner and, in turn, contributing significantly to the overall socio-economic development of the country. He emphasized on the consistent hard work of the due diligence teams of both MTB and DEG for providing innovative financial solutions with a view to meeting its Corporate and SME customers’ evolving needs.

Anwarul Amin, Independent Director, Syed Rafiqul Haq, Deputy Managing Director & Chief Business Officer (CBO), Md. Ehethesham Rahman, Vice President & Head of Structured Finance Unit (SFU) of MTB and other senior officials of both the organizations were also present at the occasion.

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