Eastern Bank Ltd (EBL) launched small and medium enterprises (SME) banking on Thursday.
The bank has categorised the SME loan into two products--'Asha' and 'Puji', says a press release.
'Asha' offers Tk two lakh to Tk 10 lakh loan, which is repayable in three to 24 months in equal instalments. A sole proprietorship business, partnership firm or a private company operating successfully for minimum two years can apply for it, which does not need a collateral security.
For 'Puji', the loan amount ranges from Tk five lakh to Tk 50 lakh, which is repayable in 12 to 36 months. The minimum operation period of the business organisation to get this loan is three years.
The EBL's SME banking facility will be available at nine SME centers in Dhaka, Chittagong, Sylhet, Bogra and Khulna.
Muhammad A Rumee Ali, deputy governor of Bangladesh Bank, formally launched the two products at a function where K Mahmood Sattar, EBL managing director and CEO, Ali Reza Iftekhar, additional managing director, and Kamal Talukder, head of SME banking of the EBL, among others, were present.
30 November 2009
City Bank launches SME loan for women entrepreneurs
The City Bank Monday launched a new SME loan product especially for promoting country's women entrepreneurs.
Managing Director and CEO of the commercial bank K Mahmood Sattar officially launched the loan package styled 'City Nokshi' at a city hotel.
Speaking on the occasion, Mr Sattar said the new loan product at 10 per cent interest rate in line with the guidelines of Bangladesh Bank is only available for the women entrepreneurs of the country.
He said the product aimed at promoting the prospective women entrepreneurs so that they can be sensible partners of the women community in business as well as continuing their active participation in social development.
This package will be available at all SME outlets of the bank and clients will be able to apply for loan ranging between Tk 0.1 million and Tk 2.5 million subject to completion of easy and soft conditions, City Bank CEO said.
Head of SME Banking Badrudduza said this package would provide four types of SME loans such as Muldhan, Sheba, Shulov and Munafa. The collateral-free loan is payable within 18 months with Tk 6005.71 monthly installment and partially collateralised loan within 40 months with Tk 2950.08 monthly installment.
Speaking as chief guest, Women Entrepreneurs Association of Bangladesh President Rehana Rahman said collateral-free loan is a good opportunity for women entrepreneurs of the country.
Mrs Kabita Begum, proprietor of K B International, received the first Nokshi loan worth Tk 2.5 million from the CEO of the bank.
Bangladeshi nationals having one and a half years' of experience in any legitimate business supported by trade licence and aged between 24 and 50 years are eligible to apply for the loan.
Deputy Managing Director (Business) Sohail R K Hossain and Head of Brand and Marketing Aftab Mahmood Khurshid, among others, were present on the occasion.
Managing Director and CEO of the commercial bank K Mahmood Sattar officially launched the loan package styled 'City Nokshi' at a city hotel.
Speaking on the occasion, Mr Sattar said the new loan product at 10 per cent interest rate in line with the guidelines of Bangladesh Bank is only available for the women entrepreneurs of the country.
He said the product aimed at promoting the prospective women entrepreneurs so that they can be sensible partners of the women community in business as well as continuing their active participation in social development.
This package will be available at all SME outlets of the bank and clients will be able to apply for loan ranging between Tk 0.1 million and Tk 2.5 million subject to completion of easy and soft conditions, City Bank CEO said.
Head of SME Banking Badrudduza said this package would provide four types of SME loans such as Muldhan, Sheba, Shulov and Munafa. The collateral-free loan is payable within 18 months with Tk 6005.71 monthly installment and partially collateralised loan within 40 months with Tk 2950.08 monthly installment.
Speaking as chief guest, Women Entrepreneurs Association of Bangladesh President Rehana Rahman said collateral-free loan is a good opportunity for women entrepreneurs of the country.
Mrs Kabita Begum, proprietor of K B International, received the first Nokshi loan worth Tk 2.5 million from the CEO of the bank.
Bangladeshi nationals having one and a half years' of experience in any legitimate business supported by trade licence and aged between 24 and 50 years are eligible to apply for the loan.
Deputy Managing Director (Business) Sohail R K Hossain and Head of Brand and Marketing Aftab Mahmood Khurshid, among others, were present on the occasion.
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