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IFC invests $35 mln in Prime Bank to help Bangladeshi SMEs continue their operations

2 mins read

The FINANCIAL — IFC is helping to preserve thousands of jobs in Bangladesh through an investment in Prime Bank Limited to support small and medium enterprises (SMEs) and companies affected by the COVID-19 pandemic. A $35 million loan from IFC to Prime Bank will provide critical working capital to help SMEs continue their operations. SMEs comprise over 90 percent of businesses in Bangladesh and employ over 20 percent of the adult population. The financing package is part of IFC’s $8 billion global COVID-19 fast-track financing facility, aimed at helping companies stay afloat during the ongoing public health crisis. This investment…

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IFC invests $35 mln in Prime Bank to help Bangladeshi SMEs continue their operations

2 mins read

The FINANCIAL — IFC is helping to preserve thousands of jobs in Bangladesh through an investment in Prime Bank Limited to support small and medium enterprises (SMEs) and companies affected by the COVID-19 pandemic. A $35 million loan from IFC to Prime Bank will provide critical working capital to help SMEs continue their operations. SMEs…