Bangladesh gets its 60th bank
Bengal Commercial Bank plans to disburse loans to micro, small and medium entrepreneurs on a priority basis
Bengal Commercial Bank (BCB) – the 60th bank in Bangladesh – started its journey through a logo unveiling programme on Wednesday night in Dhaka.
Around 55% of the people in Bangladesh remain out of the banking ecosystem, the bank officials said, adding, "So, the BCB will work towards bringing everyone, including marginalized communities, under this service. It will also focus on creating new entrepreneurs.
They added that the Bengal Commercial Bank offers innovative products, services, modern technology, with an emphasis on digital banking.
Keep updated, follow The Business Standard's Google news channel
Speaking at the event, the bank's Chairman Jashim Uddin gave assurances that the BCB will introduce a diversified banking system in the country.
He added, "This bank will disburse loans to micro, small and medium entrepreneurs on a priority basis, because they usually face a lot of hurdles in getting loans. We will invest in creative ideas from educated and meritorious Bangladeshis."
Addressing the event as the chief guest, Commerce Minister, Tipu Munshi said that private banks have been playing an important role in the growth of Bangladesh's businesses.
He also urged the BCB officials to uphold this trend by playing a role to curb unemployment and providing loans to fresh entrepreneurs as much as possible and.
Morshed Alam, lawmaker of Noakhali-2; Sheikh Fazle Fahim, president of Federation of Bangladesh Chambers of Commerce and Industries (FBCCI); and Mahbubul Alam, vice-chairman of BCB also spoke at the event, among others.
