Community Bank backs Start-Up Financing Initiative to boost entrepreneurship

Community Bank Bangladesh PLC has extended financial support to Bangladesh Startup Investment Company under the “Start-Up Financing Initiative”, aimed at expanding innovation-driven financing and fostering entrepreneurship.

The initiative forms part of the bank’s strategic vision to advance innovation-based financing in the country, according to a press release.

It seeks to promote entrepreneurship, create employment opportunities and contribute to sustainable economic growth.

Kimiwa Saddat, managing director (current charge) of Community Bank Bangladesh PLC, handed over the pay order in favour of Bangladesh Startup Investment Company to Nawshad Mustafa, director of the SME and Special Programmes Department of Bangladesh Bank, at a ceremony held recently at the Bangladesh Bank headquarters in Motijheel, Dhaka.

Md Shariful Islam Kadir, chief financial officer of Community Bank Bangladesh PLC; Hossain-Al-Safeer Chowdhury, head of SME; and Sharif Hasan Mamun, head of agriculture, along with other senior officials from both organisations, were also present.