MOU signed between Community Bank and NSUSN

Community Bank Bangladesh PLC has signed a Memorandum of Understanding (MoU) with North South University Startups Next (NSUSN) to foster entrepreneurship by extending banking support, financial literacy, and access to funding for early-stage startups in Bangladesh. The signing ceremony occurred today at North South University.

Kimiwa Saddat, Managing Director (Current Charge) of Community Bank, and Professor Abdul Hannan Chowdhury, Vice Chancellor of North South University, signed the MoU. Senior officials, including Samuel Mursalin, Director (In-Charge) of NSUSN, were in attendance.

Under the agreement, Community Bank will provide targeted training and workshops to NSUSN ventures on essential subjects, including Letters of Credit (LC), international trade operations, and loan application procedures. The bank will further pursue preferential services and potential funding avenues for startups within the NSUSN incubation programmes.

Speaking at the event, Kimiwa Saddat said: "Community Bank is proud to join hands with NSUSN to support emerging entrepreneurs in Bangladesh. Through financial education and resources, we aim to strengthen startups on their path to sustainable growth."

Professor Abdul Hannan Chowdhury said the partnership adds a crucial financial dimension, enabling startups to scale and contribute to the economy.

The partnership underscores both organisations' commitment to cultivating a dynamic startup ecosystem by linking academia, industry, and finance. Planned initiatives include collaborative seminars, mentorship programmes, and awareness campaigns designed to motivate and empower emerging innovators.