• 21-Jan-2026

Mercantile Bank PLC has invested Tk. 10 crore 2 lakh in Bangladesh Startup Investment Company PLC, an initiative formed under the auspices of Bangladesh Bank. As part of the formation and operational process of this startup investment initiative, a cheque was formally handed over to Bangladesh Bank recently.

Mercantile Bank’s Deputy Managing Director and CBO, Dr. Md. Zahid Hossain handed over the cheque to Nawshad Mustafa, Director of SME & Special Programmes Department (SMESPD), Bangladesh Bank. At the event, Md. Mustahidur Reza Chowdhury, Head of the SME Financing Division, along with other concerned officials of the Bank, were present.

With this investment, Mercantile Bank will actively bolster the startup ecosystem of Bangladesh and facilitate sustained growth of the overall economy.  It is to be mentioned that an investment partnership agreement on startup financing was previously signed between Bangladesh Bank and Mercantile Bank PLC.