Prime Bank, Friendship launch climate resilience initiative in char areas

Prime Bank PLC yesterday signed a memorandum of understanding (MoU) with Friendship, a non-government organisation, to launch a climate resilience initiative aimed at protecting vulnerable char communities in Bangladesh.

Under the MoU, the two organisations will implement the project, titled “Safe Shores: Empowering Char Communities against Climate Change”, focusing on strengthening disaster preparedness and building long-term resilience in climate-affected riverine areas.

The initiative will be carried out in Bhatpara, one of the most vulnerable chars under Austomir Char Union in Chilmari upazila of Kurigram district. The area is frequently affected by floods, river erosion and extreme weather events.

The project aims to enhance climate adaptation capacity, safeguard livelihoods and promote sustainable community resilience.

Hassan O Rashid, chief executive officer of Prime Bank PLC, and Runa Khan, founder and executive director of Friendship, signed the MoU in Dhaka, according to a press release.

Speaking at the signing ceremony, Rashid said Prime Bank believes banking goes beyond financial transactions and stands beside people in times of vulnerability.

He added that the partnership reflects the bank’s commitment to investing in resilience, dignity and hope, ensuring that no community is left behind in the face of climate change.

Khan said the project seeks to restore security and opportunity for families affected by erosion and climate shocks.

She noted that the initiative will prioritise locally led resilience efforts, particularly focusing on women and children.

Planned interventions include renewable energy solutions under a “Solar Village” model, flood-resilient shelters or plinths, livelihood support, sanitary latrines and tree plantation programmes. These measures align with Friendship’s integrated climate adaptation approach.

Md Ziaur Rahman, deputy managing director and chief risk officer of the bank, and Muhammed Shameem Reza, senior director (legal) and chief financial officer of the NGO, along with other senior officials from both organisations, were also present.