Commercial banks are looking to lending to newer ventures under a fresh reform recipe of Bangladesh Bank, offering middle- and lower-income groups broader access to funds for carrying out productive activities.
A survey on small-and medium- sized enterprises (SMEs) found the SMEs in food, leather, electronics and garment sectors to be the worst performers, recommending introduction of fiscal incentives to promote these sectors.
The Asian Development Bank (ADB) and the government of Bangladesh concluded two loan negotiations for small-and medium-sized enterprises (SME) development and Chittagong port facilitation.
Bangladesh Bank (BB) Governor Fakhruddin Ahmed has said lack of access to credit is considered one of the most serious impediments to the growth of the small-scale industry sector, which is vital for employment generation in the country.
The Bangladesh Bank (BB) has issued prudential guidelines for consumer financing and small enterprise financing to protect the interest of depositors, official sources said.
The Asian Development Bank (ADB) has agreed to provide about US$50 million to the Bangladeshi government-sponsored small- and medium-sized enterprise (SME) development programme.
Export Import Bank of Bangladesh Ltd (EXIM) will make debut on Chittagong Stock Exchange (CSE) tomorrow (Saturday).
Because arranging short-term finance remains a matter of concern for small- and medium-size enterprises (SMEs), the central bank yesterday suggested the introduction of factoring.
If Bangladesh wants to attain steady growth in its SME sectors, it should urgently introduce a new financial service like factoring, writes M. Zakir Hossain.
The Bangladesh Bank has initiated a programme involving 1 billion taka (US$17.2 million) to promote small- and medium-sized enterprises (SMEs), which neither come under micro credit operations nor have access to bank loans.
