Bank Asia signs Bangladesh Bank deal to expand CMSME financing
Bank Asia PLC has entered into an agreement with Bangladesh Bank to bolster financing for the country's cottage, micro, small, and medium enterprises (CMSMEs), aiming to accelerate sectoral growth and economic inclusion nationwide.
Under this agreement, Bank Asia will extend credit to entrepreneurs through Bangladesh Bank's "Cluster Financing" and "FSFDMSME" schemes, the bank said in a press release issued on 21 May 2026.
The signing ceremony took place at the Bangladesh Bank headquarters on 18 May 2026.
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The FSFDMSME scheme, backed by a Tk1,500 crore fund from Bangladesh Bank's own resources, and the SME Cluster Financing Scheme, totalling Tk3,000 crore, will enable entrepreneurs to access loans at a 7% interest rate.
These financing facilities are designed to support fixed asset purchases, business expansion, and the modernisation of business establishments.
Nurun Nahar, Deputy Governor of Bangladesh Bank; Husne Ara Shikha, Executive Director of Bangladesh Bank; and Nawshad Mustafa, Director of Bangladesh Bank, attended the ceremony.
Syed Zulkar Nayen, Deputy Managing Director of Bank Asia, and Mohammad Saifuddowla, Head of Small Business of Bank Asia, were also present.
