United Finance PLC received a Certificate of Appreciation from Bangladesh Bank on Friday in Dhaka for its contribution as a Participating Financial Institution under the Supporting Post-COVID-19 Small-Scale Employment Creation Project (SPCSSECP), implemented with support from the Asian Development Bank. The award was presented to Acting Managing Director Mohammed Abul Ahsan by Bangladesh Bank Deputy Governor Nurun Nahar during a dissemination seminar on inclusive finance and enterprise development under the same project.
The recognition was given in appreciation of United Finance’s role in expanding access to finance for cottage, micro, small and medium enterprises (CMSMEs), supporting women entrepreneurs, strengthening enterprise recovery, and promoting income restoration and employment creation under the SPCSSECP framework.
United Finance said in a press statement that the award reflects its “unwavering commitment to inclusive growth and sustainable development” and its participation in the successful implementation of a programme aimed at strengthening post-pandemic economic resilience. The lender added that it had played a “pivotal role” in ensuring wider financial inclusion through targeted support for small enterprises.
“We are proud to have contributed to the successful implementation of this landmark project, which has empowered small enterprises and supported national economic resilience,” Mohammed Abul Ahsan, Acting Managing Director of United Finance PLC, said in a press statement. He expressed gratitude to Bangladesh Bank for facilitating similar initiatives aimed at expanding access to finance for underserved segments of the economy.
Bangladesh Bank also acknowledged United Finance’s cooperation and commitment to the programme, highlighting its contribution to advancing financial inclusion and enterprise development in the post-pandemic period. The central bank said the initiative had been designed to improve access to credit and strengthen small-scale entrepreneurship as part of broader economic recovery efforts supported by the Asian Development Bank.
The SPCSSECP initiative focuses on channeling financing through participating financial institutions to CMSMEs affected by the economic slowdown triggered by the Covid-19 pandemic. It places particular emphasis on women-led enterprises and income-generating activities intended to restore employment opportunities and improve business sustainability.
United Finance, which began operations in 1989, is one of Bangladesh’s long-established non-bank financial institutions. It said it continues to position itself as a customer-focused lender committed to governance, resilience and sustainable development in the financial sector.
The company’s participation in Bangladesh Bank-led development programmes reflects broader efforts by regulators and financial institutions in Bangladesh to expand credit access to smaller businesses, which remain a key driver of employment and economic activity in the country.
Neither Bangladesh Bank nor United Finance provided additional financial details on the scale of lending or the number of beneficiaries under the programme at the event.
