Written by The Banking Post
Trust Bank PLC has signed a participation agreement with Bangladesh Bank to implement the central bank’s BDT 500 crore Start-up Refinancing Fund, designed to support young entrepreneurs and new business ventures.
The signing ceremony was held on 2 September at Bangladesh Bank’s Jahangir Alam Conference Hall. Additional Director Muhammad Mustafizur Rahman signed on behalf of the central bank, while Managing Director and CEO Ahsan Zaman Chowdhury represented Trust Bank. Senior officials from both institutions were present.
Under the deal, Trust Bank will provide loans on favourable terms, backed by the refinancing facility, to start-up entrepreneurs. The bank will also extend training, technical support, and advisory services to help them scale and sustain their businesses.
The initiative aims to turn innovative ideas into viable enterprises, generate employment, strengthen the SME sector, and accelerate Bangladesh’s economic growth.
