Trust Bank strikes credit guarantee deal with PKSF

Trust Bank PLC recently signed a credit guarantee agreement under the “Credit Enhancement Scheme” with Palli Karma-Sahayak Foundation (PKSF), aiming to expand access to formal financial services for micro-entrepreneurs in underserved regions across the country.

Ahsan Zaman Chowdhury, managing director and CEO of Trust Bank PLC, and Md Fazlul Kader, managing director of Palli Karma-Sahayak Foundation, signed the agreement in Dhaka, according to a press release.

Speaking at the signing ceremony, Kader said the initiative would simplify access to formal credit for grassroots micro-entrepreneurs, opening up new avenues for business expansion.

Chowdhury said the agreement would create fresh opportunities for micro-entrepreneurs at the grassroots level and contribute significantly to inclusive economic development.

Launched in May 2025 with support from the Asian Development Bank (ADB), the country’s first structured “Credit Enhancement Scheme” aims to reduce credit risks for financial institutions while promoting productivity, financial inclusion, and sustainable growth in the grassroots sector.

Senior officials from both organisations were also present at the event.