le addressing the inauguration of the two-day ‘SME Financing Fair-2014’ and SME Financing Award distribution ceremony at the Pan Pacific Sonargaon Hotel in city. He said the investment climate in the country is wonderful with a nearly 10 percent private-sector credit growth, which is really attractive. Bangladesh Bank and SME Foundation are jointly organised the SME Financing Fair to promote banking loan and support for the country’s micro, small and medium enterprises. Highlighting the role of SMEs in economic development, Muhith said the contribution would be grater if the micro enterprises are aligned with the SME sector. “The emergence of micro enterprises is envious, huge number of population today has come to be added with the banking service—its nothing but the contribution of the micro enterprise initiatives” Muhith said. Bangladesh Bank Governor Dr. Atiur Rahman and Industries Secretary Mosharraf Hossain Bhuiyan attended the ceremony as special guests where FBCCI President Qazi Akram Uddin Ahmed, Managing Director of SME Foundation Dr. Syed Ehsanul Karim and General Manager of SME and Special Programs department of Bangladesh Bank Md. Masum Partwary were also present, among others. SME Foundation Chairman K M Habib Ullah presided over the function. While addressing the function, BB the governor pointed out that inability to pay the collateral security, lack of skill, limited ability in risk management and weakness in preserving business data are the main hurdles to the financing of the micro, small and medium entrepreneurs. He also urged the commercial banks to come forward in financing the SME enterprises with a compromising mentality despite facing a bit risk, referring that the SME entrepreneurs have every scope to shine at any moment and attain bigger successes. A total of 10 institutes including 5 banking and 5 non-banking financial institutes were awarded during the function in recognition to their contribution to SME credit disbursement. Five award winning Banks are: Mutual Trust Bank Limited (MTBL), Bangladesh Krishi Bank (BKB), Dhaka Bank Limited (DBL), Islami Bank Bangladesh Limited (IBBL) and Eastern Bank Ltd. (EBL). The non-banking Financial Institutes that own the SME Financing Award are: IDLC, Union Capital, Islamic Financing Ltd., Prime Finance Ltd. The two-day SME Financing Fair will end today.
Thursday, November 13, 2014
SMEs account for 70pc of economy: Muhith:Daily Sun
le addressing the inauguration of the two-day ‘SME Financing Fair-2014’ and SME Financing Award distribution ceremony at the Pan Pacific Sonargaon Hotel in city. He said the investment climate in the country is wonderful with a nearly 10 percent private-sector credit growth, which is really attractive. Bangladesh Bank and SME Foundation are jointly organised the SME Financing Fair to promote banking loan and support for the country’s micro, small and medium enterprises. Highlighting the role of SMEs in economic development, Muhith said the contribution would be grater if the micro enterprises are aligned with the SME sector. “The emergence of micro enterprises is envious, huge number of population today has come to be added with the banking service—its nothing but the contribution of the micro enterprise initiatives” Muhith said. Bangladesh Bank Governor Dr. Atiur Rahman and Industries Secretary Mosharraf Hossain Bhuiyan attended the ceremony as special guests where FBCCI President Qazi Akram Uddin Ahmed, Managing Director of SME Foundation Dr. Syed Ehsanul Karim and General Manager of SME and Special Programs department of Bangladesh Bank Md. Masum Partwary were also present, among others. SME Foundation Chairman K M Habib Ullah presided over the function. While addressing the function, BB the governor pointed out that inability to pay the collateral security, lack of skill, limited ability in risk management and weakness in preserving business data are the main hurdles to the financing of the micro, small and medium entrepreneurs. He also urged the commercial banks to come forward in financing the SME enterprises with a compromising mentality despite facing a bit risk, referring that the SME entrepreneurs have every scope to shine at any moment and attain bigger successes. A total of 10 institutes including 5 banking and 5 non-banking financial institutes were awarded during the function in recognition to their contribution to SME credit disbursement. Five award winning Banks are: Mutual Trust Bank Limited (MTBL), Bangladesh Krishi Bank (BKB), Dhaka Bank Limited (DBL), Islami Bank Bangladesh Limited (IBBL) and Eastern Bank Ltd. (EBL). The non-banking Financial Institutes that own the SME Financing Award are: IDLC, Union Capital, Islamic Financing Ltd., Prime Finance Ltd. The two-day SME Financing Fair will end today.
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