Bank Asia PLC has signed a memorandum of understanding (MoU) with the Bangladesh Bank to implement an entrepreneurship development initiative titled the Skills for Industry Competitiveness and Innovation Program (SICIP).

Nurun Nahar, deputy governor of Bangladesh Bank (BB), and Sohail RK Hussain, managing director of Bank Asia, attended the MoU signing ceremony at the BB headquarters in the capital's Motijheel recently, according to a press release.

Under the SICIP project—administered by the finance division of the Ministry of Finance—entrepreneurship development training will be delivered across various regions of the country from 2025 to 2027.

Md Khasru Parvez, executive director of the central bank; Syeda Amina Fahmin, joint secretary of the Ministry of Finance; Nawshad Mustafa, director of SME and special programmes department at the BB; and Md Nazrul Islam, additional director and programme director of SICIP-PIU at the BB, among others, were also present.