Bangladesh Bank (BB) has recognised Brac Bank for its role in the implementation of the first phase of a Covid-19 stimulus package for cottage, micro, small and medium enterprises in financial year 2020-21. The government declared a Tk 20,000 crore stimulus package to help the enterprises recover from the pandemic’s fallouts. Brac Bank fulfilled an incremental ... Read more
Month: January 2022
HSBC completes first insurance backed receivables finance transaction
The Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh has recently completed the country’s first insurance backed receivables finance transaction for MBM Garments. This proposition has been rolled out in line with HSBC’s own receivables finance model and within local regulation, wherein the customer gets early payment against