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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, Bangladesh on February 13, 2025.
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 & CEO.
MTB’s AMD & CBO Khalid Mahmood Khan highlighted this milestone as a testament to the bank’s strategic growth. Norfund’s Saweera (Max) Rachawong and MTB’s Kaida Azam, Deal Manager of the transaction shared insights on the collaboration’s resilience despite challenges, emphasizing 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.”
His Excellency Håkon Arald Gulbrandsen commended MTB’s vision and commitment to financial inclusion, stating, “This partnership reflects the strong bilateral ties between Norway and Bangladesh. We believe this facility will play a vital role in fostering SME growth and promoting financial empowerment, particularly for women-led enterprises.”
MTB Managing Director & CEO, Syed Mahbubur Rahman, expressed his gratitude to Norfund for the successful closure of this repeat transaction, emphasizing its significance in strengthening financial collaboration. He stated, “This agreement reinforces our synergy with Norfund, bolsters MTB’s financial position, and supports economic resilience, further solidifying our long-term partnership.”
