Mercantile Bank joins Bangladesh Bank’s Tk 5b startup fund

Mercantile Bank PLC has joined Bangladesh Bank’s Tk 5 (five) billion startup refinancing fund to develop innovation and new entrepreneurs nationwide.

A partnership agreement has been signed between Bangladesh Bank and Mercantile Bank in this regard, according to a press release.

Mercantile Bank Managing Director Matiul Hasan and Bangladesh Bank Additional Director Mohammad Mostafizur Rahman signed the agreement on behalf of their respective organisations.

Bangladesh Bank Governor Dr. Ahsan H. Mansur was also present through online at the event.

Deputy Governor Nurun Nahar, Executive Director Husne Ara Shikha and Mercantile Bank PLC Head of SME Md. Mostahidur Reza Chowdhury were also present.

Through this collaboration, Mercantile Bank will finance eligible startups to bolster eeconomic growth by creating new job opportunities and empowering the next generation of innovators and business leaders.