United Finance signs CGS agreement with Bangladesh Bank

An agreement was signed today between Bangladesh Bank's Credit Guarantee Department (CGD) and United Finance PLC under the Credit Guarantee Scheme (CGS) Facility for term loans amounting to Tk25,000 crore.

The signing ceremony, held at Bangladesh Bank, marks a significant step towards expanding access to finance for eligible borrowers nationwide.

The agreement was signed by Muhammad Nazmul Haque, Director of CGD, Bangladesh Bank, and Mohammad Rafiqul Islam, Managing Director of United Finance PLC, on behalf of their respective organisations.

Also present were Md Sawkatul Alam, Executive Director, CGD, Bangladesh Bank; and, from United Finance PLC: Sudip Saha, Head of SME and Women Entrepreneur Financing; Jason Anik Pandey, Head of Product Management and Business; Sirajul Islam, Head of Treasury; and Abu Bakar Siddik, Business Refinance Manager, among others.

Speaking on the occasion, Mohammad Rafiqul Islam expressed his gratitude to Bangladesh Bank for launching the scheme: "Our entrepreneurs are the lifeblood of the economy. The Credit Guarantee Scheme enables financial institutions to extend much-needed credit to enterprises while safeguarding their own institutional interests. At United Finance, we remain deeply committed to SME financing across the country, and this scheme will further strengthen our focus in this vital segment."

For more than 36 years, United Finance has played a pivotal role in the growth of SMEs and emerging corporates, delivering tailored financial solutions built on trust and innovation. With 23 branches and a presence in every district, the company is committed to channelling this facility to help turn the aspirations of Bangladesh's entrepreneurs into reality.