Bangladesh Bank has signed an agreement with BRAC Bank to provide refinancing support for the growing start-up sector of the country as stated in the press release.
BRAC Bank, through this agreement, will gain access to a BDT 500 crore fund established by the central bank to provide easy acccess to finance for the start-ups. The arrangement aims to enhance the capacity of emerging entrepreneurs and broaden their contribution to the national economy.
The signing ceremony took place on September 2, 2025, at Bangladesh Bank head office, with Governor Ahsan H. Mansur joining virtually. Bangladesh Bank Deputy Governor Nurun Nahar, Executive Director Husne Ara Shikha were present.
Bangladesh Bank’s Additional Director Muhammad Mustafizur Rahman, and BRAC Bank’s Additional Managing Director & Head of SME Banking Syed Abdul Momen exchnaged the agreement document. The Managing Directors and senior officials of 22 participating banks and financial institutions attened the signing ceremony. The collaboration will be coordinated by Bangladesh Bank’s SME and Special Programmes Department.
By financing entrepreneurs in this high-potential sector, BRAC Bank seeks to strengthen Bangladesh’s start-up ecosystem, which is increasingly attracting international investors and building sustainable partnerships with global stakeholders. The refinancing facility will enable innovators to access the capital required to scale their ventures, thereby driving economic growth, employment generatio, and technological advancement.
BRAC Bank’s participation in this landmark initiative underscores its steadfast commitment to development of promosing young enterprises in Bangladesh. The bank looks forward to continuing its close collaboration with Bangladesh Bank and key government institutions to advance inclusive growth and innovation across the country.
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