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Brac Bank secures $70m loan to expand SME operations

Brac Bank secures $70m loan to expand SME operations

Dutch development bank FMO has extended $70 million of syndicated loan to Brac Bank, the largest transaction of its kind for any local bank, to expand its small and medium-sized enterprise financing.
The five-year loan will enable Brac Bank to provide trade finance support to SME entrepreneurs and, along the way, create new employment and spur economic development in urban, suburban and rural areas.

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