INSTITUTE OF BUSINESS ADMINISTRATION

UNIVERSITY OF DHAKA

News Analysis of Bangladesh Studies (G102)

Zarif Afridi
Roll 23
Sec A BBA 29
Date- 28/02/2022

HSBC introduces Bangladesh’s first SLP-based financing

For Thengamara Mohila Sabuj Sangha (TMSS), one of Bangladesh's
major microfinance institutions, the Hong Kong and Shanghai Banking
Corporation (HSBC) has developed the country's first Social Loan
Principles (SLP)-based financing.
The bank and the microfinance organization recently signed an
agreement. Md Mahbub ur Rahman, chief executive officer of HSBC
Bangladesh, was present when Hosne Ara Begum, founder and
executive director of TMSS, and Shaikh Md Salim, executive director of
Bangladesh Bank Bogura office, exchanged signed agreements of the
sale, according to a press release.
The SLP, which was released by the Loan Market Association and the
Asia Pacific Loan Market Association, intends to enable and support
economic initiatives that address social issues and challenges.
Major takeaways include the contribution of this plan to the social
development of Bangladesh, the partnership with a large institution
and hopes of achieving global sustainability,
Source- The Daily Star