Mercantile Bank signs MoU with Bangladesh Bank

Mercantile Bank PLC has recently signed a memorandum of understanding (MoU) with the Bangladesh Bank, marking a significant step towards implementing the entrepreneurship development programme under the Skills for Industry Competitiveness and Innovative Programme (SICIP).

This strategic initiative is designed to provide entrepreneurship training, enhance access to finance for emerging enterprises, and promote inclusive economic growth throughout Bangladesh.

Nurun Nahar, deputy governor of the central bank; and Md Khasru Parvez, executive director; and Md Zahid Hossain, deputy managing director and chief business officer of Mercantile Bank PLC, were present at the signing ceremony.

Syeda Amina Fahmin, joint secretary of the Ministry of Finance; Nawshad Mustafa, director of SME and special programmes department at Bangladesh Bank; Md Nazrul Islam, additional director and programme director of SICIP-PIU; and Mohammad Faruque Ahmmed, senior vice-president and head of SME financing division at Mercantile Bank PLC, among others, were also present.