MTB secures USD 25 million term loan from Norfund to strengthen partnership

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 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 and CEO.

MTB's AMD  and  CBO Khalid Mahmood Khan highlighted this milestone as a testament to the bank's strategic growth. Norfund's Sawyer (Max) Rachawong and MTB's Kaida Azam, the transaction deal manager, shared insights on the collaboration's resilience despite challenges, emphasising 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. This facility will foster SME growth and promote financial empowerment, particularly for women-led enterprises."

MTB Managing Director and  CEO Syed Mahbubur Rahman expressed his gratitude to Norfund for successfully closing this repeat transaction, emphasising 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."