Bangladesh, Sept. 26 -- Prime Bank PLC has secured a EUR 20 million term loan from Austria's development bank OeEB to increase financing for micro, small and medium enterprises (MSMEs) in Bangladesh.

The facility, signed in Dhaka on September 26, will be used to provide eligible businesses with funding for expansion, investment and working capital requirements, according to the bank.

The financing is expected to strengthen Prime Bank's ability to offer tailored credit solutions to MSMEs, a major source of employment and entrepreneurial activity in Bangladesh.

Prime Bank CEO Faisal Rahman, Deputy Managing Director Shams Abdullah Muhaimin and OeEB Senior Investment Officer Ilka Vogel attended the signing ceremony at the bank's head offi...