Prime Bank partners with Dutch FMO to avail $50m in term loans

To amplify its commitment to inclusivity and sustainability, Prime Bank has entered into a strategic partnership with the Dutch entrepreneurial development bank FMO.
The collaboration comes in the form of a term loan agreement, with FMO providing $50 million to Prime Bank for on-lending to projects focused on agriculture, women, youth and green initiatives, according to a press release.
Established in 1995, Prime Bank has earned a reputation for delivering high-quality and impact-driven banking services to corporate, micro, small and medium enterprises, and retail customers in conventional and Islamic modes.
This partnership aligns with Prime Bank's vision to foster inclusive and sustainable prosperity through private-sector investments that generate positive development impacts.
The agreement was signed by Hassan O Rashid, managing director and CEO of Prime Bank, and Huib-Jan de Ruijter, co-chief investment officer of FMO.