BASIS Signs MoU with Mutual Trust Bank PLC

BASIS signed a Memorandum of Understanding (MoU) with Mutual Trust Bank PLC on November 17, 2024, at their Head Office in Gulshan to introduce exclusive collateral-free loan facilities for BASIS members. This partnership empowers members with easy access to vital financial resources, accelerating their entrepreneurial journeys and fostering growth in the ICT sector.

The MoU offers simplified financing solutions, removing the need for collateral, while promoting innovation, long-term business growth, and economic contributions from BASIS members. This collaboration introduces exclusive, collateral-free loan options, granting members seamless access to crucial financial resources. As a result, it accelerates their entrepreneurial endeavors and encourages development within the ICT sector.

The MoU provides straightforward and effective financial solutions by removing the traditional collateral requirement, a common barrier for businesses, especially during their early growth phases. By eliminating this hurdle, BASIS members are able to access essential funding more quickly and easily, allowing them to concentrate on expanding their operations and driving innovation. This simplified financing process is intended to help members overcome challenges with greater agility and capitalize on growth opportunities without the constraints of collateral-dependent loans.

From BASIS side, the distinguished attendees included Mr. M Rashidul Hasan, President; Mr. M Asif Rahman, Vice President (Finance); Mr. Biplob Ghosh Rahul, Director; Mr. Anisul Haq Bhuya, Chairman of the Standing Committee on Member Services and Welfare; and Mr. S.M. Zakaria Islam, Executive, Membership were attended. From Mutual Trust Bank PLC, the key representatives were Mr. Syed Mahbubur Rahman, Managing Director & CEO, Mr. Md. Khalid Mahmood Khan, Additional Managing Director & CBO, and Mr. Usman Rashed Muyeen, Deputy Managing Director & Head of CRM were present

M Rashidul Hasan, President of BASIS, remarked, "Our collaboration with Mutual Trust Bank PLC unlocks new financial opportunities for our members, fueling their innovation and expansion." 

Syed Mahbubur Rahman, Managing Director & CEO of Mutual Trust Bank PLC, stated, "We are thrilled to partner with BASIS, creating valuable opportunities for IT entrepreneurs to access crucial funding without the constraints of collateral." 

M Asif Rahman, Vice President (Finance) of BASIS, emphasized, "This MoU represents a pivotal milestone in providing BASIS members with customized financial resources to drive their growth and ensure long-term stability."

This partnership provides crucial financial support for innovation, business growth, and stability, especially benefiting startups with fluctuating income streams, and greatly enhancing the development of IT entrepreneurs.