Prime Bank secures $20m term loan from Invest In Visions to fuel MSME growth

Prime Bank PLC, a leading private commercial bank in Bangladesh, has successfully signed a Term Loan Agreement for USD 20 million with Invest In Visions Microfinance Fund, a respected German-based impact investor, according to a press release.

In this regard, a signing ceremony took place recently in Frankfurt, Germany. Prime Bank’s representation included CEO Hassan O. Rashid and DMD Shams Abdullah Muhaimin. Invest In Visions was represented by Chief Investment Officer Carlos De las Salas Vega, along with other senior executives from both parties, marking a key milestone in their collaborative effort to enhance economic resilience.

This significant funding will be strategically deployed by Prime Bank for on-lending to micro, small, and medium enterprises (MSMEs) across Bangladesh. This initiative underscores Prime Bank's deep commitment to promoting financial inclusion and driving economic growth by supporting the vital MSME sector, which is the backbone of the country's economy.

Established in 1995, Prime Bank has a longstanding track record of offering high-quality and impact-driven banking services to Corporate, MSME, and Retail customers, serving them through both conventional and Islamic banking modes. The partnership with Invest In Visions reaffirms the bank’s vision to mobilize international resources for national development.