ECO Trade and Development Bank’s Board of Directors, in its meeting held on February 23, 2011 at its headquarters in Istanbul, approved SMEs (Small & Medium Enterprises) credit facility to Orix Leasing Pakistan Limited for a total limit of up to USD 10 million with a tenor of 4 years and a grace period of 1 year.   ETDB strongly believes that SMEs have a vital role to play as engines of economic growth in the ECO region including Pakistan and this facility would be in line with the Bank’s mandate to become a driving force in the economic development of ECO member states by supporting and encouraging investments in high priority sectors such as SMEs.

ECO Trade and Development Bank is a regional multilateral development bank established under the auspices of ECO (Economic Cooperation Organization) to promote socio-economic development and intra-regional trade amongst ECO member states. Orix Leasing Pakistan Limited is a subsidiary of ORIX Corporation, Japan's leading integrated financial service company, spread over 26 countries including Pakistan providing leasing and other financial services to various segments of the market with niche in the SMEs segment.