Speaking about the launch, Steve Banner, chief executive officer of HSBC Bangladesh, re-iterated HSBC's commitment to supporting SMEs, which has made a great contribution to the economy.

Banner said, "With Trade Up, smaller businesses will now have access to financing support from an international bank throughout their trade cycle."

Md Mahbub-ur-Rahman, corporate banking head, said, "Trade Up provide better support to RMG value chain suppliers, who play an integral part in the development of the RMG sector."

Rahman noted that HSBC had previously launched an import finance product for SME customers called Tradeline.