Mercantile Bank joins Bangladesh Bank’s startup investment platform
Mercantile Bank PLC has invested Tk10.02 crore in Bangladesh Startup Investment Company PLC, an initiative formed under the auspices of Bangladesh Bank, to support the country's growing startup ecosystem.
As part of the initiative's formation and operational processes, a cheque was recently formally handed over to the Bangladesh Bank.
Md Zahid Hossain, Deputy Managing Director and Chief Business Officer of Mercantile Bank, handed over the cheque to Nawshad Mustafa, Director of the SME and Special Programmes Department of Bangladesh Bank.
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Also present at the event were Mustahidur Reza Chowdhury, Head of the SME Financing Division at Mercantile Bank, along with other bank officials.
Mercantile Bank said the investment will strengthen Bangladesh's startup ecosystem and support sustainable economic growth. The bank had earlier signed an investment partnership agreement with Bangladesh Bank for startup financing under the initiative.
