Prime Bank Partners with Bangladesh Bank for Startup Support
To foster new entrepreneurs and support emerging innovative business ventures, Bangladesh Bank has initiated the formation of a BDT 500 crore Startup Refinance Fund.
As part of the implementation process, publicly listed Prime Bank has signed a participation agreement with the central bank.
According to a press release issued on Thursday, September 11, the signing ceremony was held at Bangladesh Bank’s Jahangir Alam Conference Hall.
On behalf of their respective organizations, Md. Mostafizur Rahman, Additional Director of Bangladesh Bank, and M. Nazim A. Chowdhury, Deputy Managing Director of Prime Bank, signed the agreement. Senior officials from both institutions were also present at the event.
Under this agreement, Prime Bank will provide loans to startup entrepreneurs on easy terms through the refinancing facility of Bangladesh Bank. In addition, the bank will offer training, technical assistance, and advisory services to help entrepreneurs manage and expand their businesses effectively.
Commenting on the collaboration, Prime Bank’s Deputy Managing Director M. Nazim A. Chowdhury said, “This cooperation with Bangladesh Bank to foster innovative entrepreneurs and support the country’s CMSME sector reflects our shared commitment. By enhancing financial and business capacities, we aim to transform new ventures into successful enterprises.”
