NRB Bank PLC has signed a participation agreement with Bangladesh Bank to provide loans to SME customers under the central bank’s Tk 500 crore start-up refinancing fund, aimed at fostering entrepreneurship and supporting emerging business ventures across the country.
The signing ceremony took place last Tuesday at the Jahangir Alam Conference Hall of Bangladesh Bank, according to a press release.
Nawshad Mustafa, Director, SMESPD of Bangladesh Bank and Md Shaheen Howlader, Deputy Managing Director of NRB Bank PLC, signed the agreement on behalf of their respective organisations.
Nurun Nahar, Deputy Governor of Bangladesh Bank, attended the event as the chief guest, while Husne Ara Shikha, Executive Director of Bangladesh Bank, was also present. Senior officials from both organisations attended the ceremony.
Under the agreement, NRB Bank will extend loans to start-up entrepreneurs on easy terms through Bangladesh Bank’s refinancing facility. In addition to financing, the bank will support entrepreneurs in managing and scaling up their businesses more effectively.
The initiative marks another milestone in NRB Bank’s ongoing efforts to promote financial inclusion, empower new start-ups and contribute to building a resilient and innovation-driven economy.
