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A Roundtable Discussion on Credit Guarantee Scheme For Promoting Access To Finance For SMEs held at BIBM

Press Release
Dhaka, 15 November, 2018:
A day long roundtable discussion was held at the Bangladesh Institute of Bank Management (BIBM) on 15 November, 2018, in its auditorium. BIBM Muzaffer Ahmed Chair professor & Former Dhaka University Economics department professor Barkat-e-Khuda Chaired the Program. Dr. Prashanta Kumar Banerjee, Professor  & Director (R, D&C) of BIBM delivered inaugural speech.
A paper titled “Credit Guarantee Scheme For Promoting Access To Finance For SMEs " was presented in the Roundtable Discussion by Dr. Md. Mosharref Hossain, Assistant Professor of BIBM. Other members of the team are Dr. Md. Mahbbat Hossain, Assistant Professor of BIBM;  Anila Ali, Lecturer of BIBM and Md. Nazeem Hassan Satter, General Manager of SME Foundation.
A good number of participant’s senior bank executives, academicians, media representatives, faculty members, officers of BIBM participated in the roundtable discussion.
S.M. Moniruzzaman, Deputy Governor of Bangladesh Bank was present in the rountable as the chief guest. Former Managing Director of Pubali Bank Limited Helal Ahmed Chowdhury, BIBM Supernumerary Professor Yasin Ali spoke among others at the event.
Deputy Governor said, Credit guarantee schemes will help banks share the risk of loan default for a specific type or market of customers and help enterprises get loans. It is a harsh reality that SMEs face innumerable difficulties in getting finance from formal sources,” he said.
He said, most of the financial institutions show little interest in offering credit due to a perception of high risk and lack of sufficient collateral. The credit guarantee scheme will minimize the risks for financial institutions, he said. He assured that central bank would think about the proposed scheme model.


Written by Manager

Sunday 18th November 2018