MTB's CMSME receives prestigious award

CMSME banking division of Mutual Trust Bank PLC (MTB) recently received the “Best Bank in CMSME Financing Bangladesh 2024” award from International Business Magazine.

The award recognises MTB's exceptional support for the Cottage, Micro, Small, and Medium Enterprises (CMSME) sector, the backbone of Bangladesh's economy, says a press release.

The award adds to a growing list of accolades for MTB's dedication to CMSMEs, including awards from Global Business Magazine and The Digital Banker.

CMSMEs, constituting 90 per cent of the nation's businesses and driving economic growth, often face challenges in accessing finance. MTB tackles these hurdles by building strong customer relationships, valuing loyalty, offering quick loans with minimal paperwork, and leveraging digital lending solutions.

MTB collaborates with Bangladesh Bank, SME Foundation, and other key institutions to secure low-cost funding for CMSMEs.  The CMSME team, through its relentless efforts, has established MTB as a trusted partner within this vital sector.

"We are honoured…This award fuels our passion to provide innovative solutions and significantly contribute to national development," said Syed Mahbubur Rahman, MD and CEO of MTB.

MTB is grateful to its clients, stakeholders, and dedicated employees, whose trust and commitment have been crucial to this success. The bank remains dedicated to supporting the CMSME sector, further stimulating economic growth and improving livelihoods throughout Bangladesh.