IFIC Bank hands over Tk 8cr startup fund cheque to BB

IFIC Bank PLC has handed over a cheque of more than Tk 8 crore to Bangladesh Bank (BB) as part of initiatives undertaken in line with the central bank’s directives on the formation and operations of Bangladesh Startup Investment Company PLC.

Md Rafiqul Islam, deputy managing director and chief of branch business at IFIC Bank PLC, presented the cheque to Nawshad Mustafa, director of the SME and Special Programmes Department of Bangladesh Bank, at the BB’s headquarters in Motijheel, Dhaka recently, according to a press release.

Through the initiative, IFIC Bank reaffirmed its commitment to Bangladesh Bank’s policy directives and its active role in strengthening the country’s startup ecosystem.

The bank said it remains focused on promoting innovation, entrepreneurship and sustainable economic growth in Bangladesh.

Helal Ahmed, head of operations at IFIC Bank PLC, was also present at the event.