India's ICICI Bank, SEDF sign deal
India's ICICI Bank and SEDF (SouthAsia Enterprise Development Facility), a multi-donor funded facility established by International Finance Corporation (IFC), have signed deal to offer technical assistance to Bangladesh's financial institutions willing to help Small and Medium Enterprises (SMEs), says a press release.Under this initiative, the bank and SEDF will impart training to local financial institutions to enable them to develop the requisite knowledge to build SME portfolios. Yusuf S Saadat, chief representative, Bangladesh of ICICI Bank, said this collaboration offers an ideal opportunity to ICICI Bank and SEDF to share the best practices and experience with the financial institutions in Bangladesh in providing assistance to the SME sector.
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