MTB opens German financial support desk

Mutual Trust Bank Limited (MTB) and Deutsche Investitions-und Entwicklungsgesellschaft (DEG), Development Finance Institution (DFI) based in Germany and a subsidiary of KFW Group, have jointly launched "German Desk - Financial Support and Solutions" at a local hotel in the capital on Tuesday, said a statement.
The rapidly growing financial sector of Bangladesh is becoming increasingly significant for its global partners like Germany. With a view to boosting bilateral trade volumes between these two countries, MTB and DEG will be offering products and services with the help of the German Desk for German SMEs and Bangladeshi companies.
The German Desk will enable companies to gain access to financial solutions through a single point-of-contact that combines all the products and services offered by MTB with the network and support of DEG.
The range of services extend from setting up a bank account through to trade finance products and transaction banking, credit lines or investment financing for local companies wishing to acquire German equipment and services.
The event was attended by Dr. Mashiur Rahman, Economic Affairs Adviser to the Prime Minister of Bangladesh as the chief guest. Among others, Dr. Thomas Prinz, German Ambassador to Bangladesh, Bruno Wenn, Chairman of the Management Board, DEG, M.A. Rouf, JP, Chairman, Syed Manzur Elahi, Founding Chairman and Directors of MTB, Anis A. Khan, Managing Director & CEO of MTB along with high profile corporate customers and senior officials of both MTB and DEG were also present.