Trust Bank signs deal with BB for startup fund

Business Desk :

Bangladesh Bank and Trust Bank PLC have signed a new participation agreement to implement the BDT 500 crore Start-up Refinancing Fund, aimed at nurturing innovative entrepreneurs and supporting new business ventures in Bangladesh.

The signing ceremony took place at the Jahangir Alam Conference Hall of the Bangladesh Bank recently, says a press release.

Under the agreement, Trust Bank will extend loans on favourable terms to start-up entrepreneurs using Bangladesh Bank’s refinancing facility. The bank will also provide training, technical assistance, and guidance to help entrepreneurs manage and grow their businesses.

Additional Director Muhammad Mustafizur Rahman signed on behalf of the Bangladesh Bank, and Ahsan Zaman Chowdhury, Managing Director and CEO, signed on behalf of Trust Bank. Senior officials from both institutions attended the ceremony.