Prime Bank joins hands with GP to empower SMEs

With an ambition to contribute to empower SMEs, leverage the scope, and provide support to accelerate growth, Prime Bank Limited and Grameenphone partnered to enable SMEs with financial and Connectivity solutions. 

The partnership declaration came at a Webinar, organized by Prime Bank Ltd while Md Zahid Ahsan Russel, MP, State Minister for Youth and Sports, was present as the chief guest. 

Rahel Ahmed, Managing Director and CEO of Prime Bank; Yasir Azman, CEO Grameenphone; Syed M Omar Tayub, Head of MSME Banking, Prime Bank; and Kazi Mahboob Hassan, Chief Business Officer of Grameenphone, were also present. Khairul Basher, Head of Communication of Grameenphone, moderated the session. 

Md Zahid Ahsan Russel, while addressing, said, "Our Honourable Prime Minister is working leaders of each sector rigorously to develop strategies to fight this setback. As a result, our Ministry has initiated multiple projects to distribute SME loans and promote the youth's capacity building in 64 districts. The Ministry sets up a virtual training center, arranging training, generating employment in the rural areas for returnee migrant workers to stand beside the youth amid this pandemic”.

On this occasion, Yasir Azman, CEO of Grameenphone, said, "Connectivity and youths have a more significant role in unleashing the potential of a digital Bangladesh. I firmly believe this partnership will contribute significantly to SMEs' modernization and help overcome the socio-economic dent caused by C19."

Commenting on the partnership, Prime Bank MD and CEO Rahel Ahmed said: "MSME sector is the lifeblood of Bangladesh economy contributing more than 25% to the country's GDP. We are convinced that a partnership like this unique one with the country's top telecom company, Grameenphone, will help put MSMEs on strong footing and lead to the path of sustainable growth. 

Under the arrangement, the Grameenphone SME customers will get working capital (CC, OD and Demand Loan), Term Loans for Fixed Asset Purchase and Capital expenditures, International Trade solution- LC, LATR, IDBP etc., Bank Guarantee, Work Order etc. 

They can also avail a wide range of deposit products and free Internet Banking – ALTITUDE - for conducting broad range of e-transaction. The SME customers of Grameenphone can apply for loan from the comfort of their office or home as Prime Bank has assigned dedicated Relationship Manager. 

The MSME customers of Prime Bank will also enjoy exclusive benefits for Grameenphone connection and value-added services.