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Mercantile Bank PLC has joined Bangladesh Bank’s Tk 5 billion startup refinancing fund to support innovation and foster new entrepreneurs across the country.

A partnership agreement was signed between the two institutions, with Mercantile Bank Managing Director Matiul Hasan and Bangladesh Bank Additional Director Mohammad Mostafizur Rahman representing their organisations.

Bangladesh Bank Governor Dr. Ahsan H. Mansur attended the event virtually, while Deputy Governor Nurun Nahar, Executive Director Husne Ara Shikha, and Mercantile Bank’s Head of SME Md. Mostahidur Reza Chowdhury were present in person.

Under the agreement, Mercantile Bank will extend financing to eligible startups, aiming to stimulate economic growth, generate employment, and empower the next generation of entrepreneurs and business leaders.