Community Bank Bangladesh PLC has signed a Participatory Agreement with Bangladesh Bank to support the ‘Startup Refinance Scheme,’ which will provide financing facilities to innovative and potential startups. The agreement, announced on 2 September 2025, aims to foster entrepreneurship, generate employment, and contribute to the country’s economic growth.
The signing ceremony took place at the Jahangir Alam Conference Room of Bangladesh Bank, where Muhammad Mustafizur Rahman, Director (Current Charge) of the SME and Special Programs Department (SMESPD) at Bangladesh Bank, and Kimiwa Saddat, Managing Director (Current Charge) of Community Bank Bangladesh PLC, exchanged the agreement on behalf of their respective organizations.
The event was graced by Bangladesh Bank’s Deputy Governor Nurun Nahar and Executive Director Husne Ara Shikha, who attended as distinguished guests. Also present were Hafia Tazrean, Joint Director, Md. Nurul Kowser Saief, Joint Director of Bangladesh Bank, Dr. Md. Ariful Islam, Head of Corporate Banking & Head of Business (Branch), and Sharif Hasan Mamun, Head of SME and Agriculture at Community Bank Bangladesh PLC. Several other officials from both institutions were also present at the ceremony.
The agreement is part of Bangladesh Bank’s ongoing effort to support the startup ecosystem in the country, aiming to offer financial assistance to businesses with innovative ideas and potential for growth. This partnership is expected to provide crucial backing for startups, driving job creation and supporting the broader goals of economic sustainability in Bangladesh.