The preliminary approved companies are CAPM Venture Capital and Finance Ltd and Meridian Finance and Investment Ltd.

The central bank has primarily approved the licence of two new non-bank financial institutions (NBFIs) with a view to diversify the financial activities across the country.

The preliminary approved new companies are CAPM Venture Capital and Finance Ltd and Meridian Finance

and Investment Ltd. Bangladesh Bank (BB) yesterday approved the two new financial institutions at its 350th

board meeting which was presided over by the BB governor Atiur Rahman. The central bank deputy governor

SK Sur Chowdhury disclosed the matter to the reporters. Mahmud Hossain owns the CAPM Venture Capital and

Finance Ltd while Kazi Aminul Islam is the owner of the Meridian Finance and Investment Ltd. The central

bank deputy governor informed the reporters that the stakeholders of the two companies had submitted their

business plans to the central bank. The authority of the central bank, sources said, hailed business plans of

booth the companies. The finance ministry also recommended the approval of the new financial institutions.

After completing all formalities, the central bank primarily approved licence of the two new financial

institutions having paid up capital of Tk 100 crore. The two companies like other non-bank financial

institutions filled up all the condition, also said the deputy governor. Expressing about the business plan of

CAPM, the deputy governor said that the company would invest their money to import various kinds of

machineries.
On the other hand, the Meridian Finance and Investment Ltd will work for the development of country’s

infrastructural as well as boosting up the private sector. The central bank primarily has imposed a total of 31

conditions for the two financial intuitions.   Currently, a total of 33 non-bank financial institutions including the two new institutions are operating their business activities across the country. 

After completing the registration procedure from Register of Joint Stock Company and Firms (RJSC), the two

companies will formulate their company activities, also said the deputy governor and adding that the central

bank then finally approved the license of the two financial institutions as per company act 32.  Bangladesh

bank will permit to open their branches to judge their memorandum of articles whether it is capable or not.