AGD Bank Ltd Signs Financing Agreement with BC Finance Limited
AGD Bank, one of the leading financial institutions in Myanmar, announces the signing of a Financing Agreement with BC Finance Limited, one of the leading Micro Finance Institutions (MFI) in Myanmar.
The signing ceremony was held at AGD Bank Headquarters on the 27th October 2020 in Myanmar in the presence of Mr. Julien Mathier, Team Head of Corporate International Sales of AGD Bank Ltd on behalf of U Pyi Soe Htin, CBO, and Mr. Evelin Stefanov Petkov, Chief Operation Officer of BC Finance Ltd on behalf of Mr. Gerard Byrne, CEO.
U Pyi Soe Htin, Chief Business Officer, AGD Bank Ltd, says “We are delighted to announce the signing of this finance agreement with BC Finance Limited. AGD Bank’s vision is to provide vitally important banking infrastructure to make a lasting impact on the future of Myanmar and this shows our commitment to building strong foundations for growth.”
BC Finance Limited’s mission is to be the leading, sustainable provider of microfinance in Myanmar to those currently underserved. 90% of BC Finance’s clients are women. BC Finance provides tools for people to improve their lives and contribute to the development of the country overall. BC Finance lends to individuals, micro and small enterprises whilst also being focused on the environment and lending for low carbon footprint growth activities.
The latest financing affirms AGD Bank’s commitment in developing banking infrastructure of the nation by providing financing access to the underserved segment. This financing agreement also asserts AGD Bank’s continuation to further promote financial inclusion in Myanmar.
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