OeEB strengthens small and medium-sized enterprises in Bangladesh
OeEB participates with USD 10 million in a long-term credit line of USD 70 million, arranged by the Dutch Development Bank FMO, to BRAC Bank Bangladesh. The funds will be used to finance local small and medium-sized enterprises (SME).
|Project name||BRAC Bank Bangladesh|
|Region||Southern and Eastern Asia|
|Sector||Financial sector / Microfinance / SME|
|OeEB project volume||USD 10 million|
|Project partner(s)||FMO, Proparco, OFID, BIO, ResponsAbility|
The Bangladeshi private sector almost exclusively consists of SMEs which is why they play an important part in the economic development of the country. The credit line helps to improve SMEs’ access to finance – especially in rural and suburban parts of the country where the supply of banking services is still limited.
This contributes to strengthening the private sector as well as to securing and creating jobs.