HSBC launches new finance facility product
Tuesday, 26 June 2007
FE Report
HSBC Bangladesh recently launched a new product 'Trade Up' to providing trade financing to small and medium enterprises (SMEs) that supply larger manufacturers of readymade garments (RMGs).
Speaking at the launching programme, HSBC CEO Steve Banner said the bank's commitment to supporting SMEs which have made special contribution to the country's economy.
"With the launching of the new product, smaller businesses will now have access to financing support from an international bank throughout their trade cycles.
The new service will enable them to compete more effectively and, ultimately, to grow," he reiterated.
HSBC Corporate Banking Head Md Mahbub-ur-Rahman said, "Trade Up provides better support to RMG value chain suppliers who play an integral part in the development of the RMG sector, a key component of the country's exports."
Rahman mentioned that HSBC had previously launched an import finance product for SME customers 'Tradeline', and that the launch of 'Trade Up' further enhances quality services that the bank offers to small and medium-sized businesses in the country.
HSBC Bangladesh recently launched a new product 'Trade Up' to providing trade financing to small and medium enterprises (SMEs) that supply larger manufacturers of readymade garments (RMGs).
Speaking at the launching programme, HSBC CEO Steve Banner said the bank's commitment to supporting SMEs which have made special contribution to the country's economy.
"With the launching of the new product, smaller businesses will now have access to financing support from an international bank throughout their trade cycles.
The new service will enable them to compete more effectively and, ultimately, to grow," he reiterated.
HSBC Corporate Banking Head Md Mahbub-ur-Rahman said, "Trade Up provides better support to RMG value chain suppliers who play an integral part in the development of the RMG sector, a key component of the country's exports."
Rahman mentioned that HSBC had previously launched an import finance product for SME customers 'Tradeline', and that the launch of 'Trade Up' further enhances quality services that the bank offers to small and medium-sized businesses in the country.