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GP ties with Prime Bank to empower SMEs

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Commerce Reporter
Prime Bank Limited and Grameenphone recently partnered to enable Small and medium-sized enterprises (SMEs) with financial and connectivity solutions with an ambition to empower and provide support to accelerate its growth.
The partnership declaration came at a webinar, organised by Prime Bank Ltd where Md Zahid Ahsan Russel, State Minister for Youth and Sports, was present as the chief guest, said a press release.
Addressing the programme, State Minister said that government has sets up a virtual training center, arranging training, generating employment in the rural areas for returnee migrant workers to stand beside the youth amid the pandemic.
“We appreciate the worthwhile initiative of Grameenphone and Prime Bank to assist the SMEs through financing and connectivity solutions.”, he said.
With a strong network of Grameenphone and financing solutions of Prime Bank, this partnership will help the SMEs make a comeback from losses due to Coronavirus, Russel said.
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.
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 at the programme.