Mercantile Bank signs participation agreement with Bangladesh Bank

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Mercantile Bank signs participation agreement with Bangladesh Bank

BM Desk:

Mercantile Bank PLC has signed a participation agreement with Bangladesh Bank for credit guarantee facility at the Jahangir Alam conference hall of the central bank recently.

Quamrul Islam Chowdhury, Managing Director & CEO of Mercantile Bank and Nahid Rahman, Director of the Credit Guarantee Department of BB signed the agreement in presence of Nurun Nahar, Deputy Governor of Bangladesh Bank, reads a press release. This credit facility will support women entrepreneurs in small enterprises and the agro-processing industry under a central bank refinance scheme. 

Saiful Islam, Executive Director of BB, Mohammad Faruque Ahmmed, SVP & Head of SME, Mercantile Bank along with senior officials from both the organizations were present in the ceremony.

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