DCCI praises Prime Bank’s MSME financing solutions

The Dhaka Chamber of Commerce and Industry (DCCI) – a prominent trade body in Bangladesh – has praised the Prime Bank Ltd for its innovative loan facilities for Micro, Small & Medium Enterprises (MSMEs).

In a webinar titled "CMSME Access to Finance and Way Forward," DCCI President Shams Mahmud on Wednesday appreciated Prime Bank for bringing in innovative products especially catered to the MSME in the ICT sector.

Referring to Prime Bank's SME Financing Alliance with five representative trade bodies of ICT sector, he said the chamber would disseminate the information of Prime Bank's collateral free MSME financing to 4,500 members of the DCCI so that eligible entrepreneurs can benefit from the loan facilities.

The five trade bodies are – Bangladesh Association of Software and Information Services (BASIS), e-Commerce Association of Bangladesh (e-CAB), Internet Service Providers Association of Bangladesh (ISPAB), Bangladesh Association of Call Center & Outsourcing (BACCO), and Bangladesh Computer Samity (BCS).

Abu Farah Md Naser, executive director of the Bangladesh Bank, was present as the chief guest at the online discussion session, attended by SME entrepreneurs of DCCI and senior bankers.

Representing the Prime Bank, Syed M Omar Tayub, head of MSME Banking Division, praised the Bangladesh Bank for policy support to implement the Stimulus Package for MSMEs and also the worthwhile initiative of Credit Guarantee Scheme.

He added that the Prime Bank is taking necessary measures to disburse loans to the MSMEs under the government's Stimulus Package to help businesses over Covid-19 losses.

The Prime Bank has so far disbursed Tk47 crore to 773 SME entrepreneurs under the Stimulus Package, which makes it one of the leading performing banks in terms of disbursement of MSME loans under the Covid-19 Stimulus Package.