UCB signs deals with Bangladesh Bank on guarantee support for CMSME customers

United Commercial Bank PLC (UCB) has solidified its commitment to supporting the growth of Small and Medium Enterprises (SMEs) by entering into two new participatory agreements with Bangladesh Bank.

These agreements aim to provide credit guarantee support to CMSME (Cottage, Micro, Small and Medium Enterprises) customers under the Small Enterprise Refinance Scheme for Women Entrepreneurs and the Refinance Scheme for Agro Based Product Processing.

The official signing ceremony took place at the office of Bangladesh Bank. Nahid Rahman, director (CGD) of Bangladesh Bank, and Arif Quadri, managing director and CEO of UCB, signed the agreements on behalf of their respective organisations, according to a press release.

Nurun Nahar, deputy governor of Bangladesh Bank; Mr Mohammad Jamal Uddin, executive director of Bangladesh Bank; Md Shah Alam Bhuiyan, deputy managing director of UCB; Md Mohsinur Rahman, senior vice president and head of SME at UCB; and other senior officials from both UCB and Bangladesh attended the event.