Mercantile Bank signs refinancing participation agreement with Bangladesh Bank

Published : 25 May 2022 08:14 PM

Mercantile Bank Limited recently signed Participation Agreement with Bangladesh Bank to avail Refinance Fund under ‘Supporting Post Covid-19 Small Scale Employment Creation Project (SPCSSECP)’ on Tuesday.

Abu Farah Md. Nasser, Deputy Governor, Bangladesh Bank was the Chief Guest and Dong Dong Zhang, Principal Financial Sector Specialist, ADB was the special guest at the signing ceremony. 

Nurun Nahar, Executive Director of Bangladesh Bank and Md. Quamrul Islam Chowdhury, Managing Director and CEO of Mercantile Bank Limited signed the agreement on behalf of their respective organizations. 

Under this agreement, Mercantile Bank will distribute the fund of SPCSSECP program to the Returning Migrant Workers, Unemployed or Underemployed youth, rural and Women entrepreneurs at a lower interest rate. 

Md. Jaker Hossaain, GM of SME & Special Program Department and Rozina Akter Mustafi, DGM & Deputy Project Director from Bangladesh Bank and Adil Raihan, DMD & CSBO, CFO Tapash Chandra Paul, PhD and Mohammad Faruque Ahmmed, Head of SME Financing Division of Mercantile Bank Limited and other high officials from both the institutions were also present on the occasion.