Mercantile Bank joins Bangladesh Bank’s Tk5b startup refinancing fund
Mercantile Bank PLC has joined Bangladesh Bank's Tk 5 billion startup refinancing scheme.
Matiul Hasan, Managing Director of Mercantile Bank, and Mohammad Mostafizur Rahman, Additional Director of Bangladesh Bank, signed a partnership agreement on behalf of their respective organisations.
Dr Ahsan H Mansur, Governor of Bangladesh Bank, attended the event virtually. Deputy Governor Nurun Nahar, Executive Director Husne Ara Shikha, and Md Mostahidur Reza Chowdhury, head of SME at Mercantile Bank, also joined the event.
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Through this collaboration, Mercantile Bank will provide financing to eligible startups, enabling them to access capital to launch or expand their businesses. This support aims to boost economic growth, generate employment, and empower the next generation of innovators and business leaders.
