Midland Bank received Term Loan for US$ 15 Million from responsAbility Investments AG

We are pleased to announce that Midland Bank Limited (MDB) have received term loan for USD15.00 Million from responsAbility Investments AG. This is the first long term FC denominated borrowing for the Bank.

responsAbility Investments AG is a Swiss based impact asset manager investing in the sectors of financial inclusion, sustainable food and climate finance whose business models directly support the United Nation’s Sustainable Development Goals (SDGs).

The funds will be routed through MDB’s Offshore Banking Unit.

Md. Ahsan-uz Zaman, Managing Director & CEO appreciated responsAbility Investments AG for considering MDB as their financial partner. He told that Offshore Banking Unit (OBU) of the Bank is now strengthened with better funding and pricing capability. This partnership will help MDB to provide better financial solutions to its trade customers’.