Community Bank Bangladesh PLC, Mercantile Bank PLC and Modhumoti Bank PLC on Tuesday signed participatory agreements with the Bangladesh Bank under its Tk 500-crore refinance fund to expand low-cost loans and investments for startup entrepreneurs.
On the day, a total of 20 banks and financial institutions signed the deal with the central bank at the latter鈥檚 premises.
BB governor Ahsan H Mansur was present at the event via online.
Community Bank managing director (current charge) Kimiwa Saddat signed the deal with SMESPD director Muhammad Mustafizur Rahman representing the central bank.
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From Mercantile Bank, managing director Matiul Hasan signed the deal with BB鈥檚 Mohammad Mostafizur Rahman.
Meanwhile, Modhumoti Bank managing director and chief executive officer Md Shafiul Azam and BB SMESPD鈥檚 Muhammad Mustafizur Rahman signed the agreement.
BB deputy governor Nurun Nahar and executive director Husne Ara Shikha were present.
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Additionally, corporate banking head and business (branch) head Md Ariful Islam and SME and agriculture head Sharif Hasan Mamun were present from Community Bank.
Mercantile Bank SME head Md Mostahidur Reza Chowdhury was also present alongside Modhumoti Bank SME division head Zahid Al Muntasir.
