Trust Bank, AGAM International partner to introduce nano loan

Trust Bank PLC has signed a memorandum of understanding (MoU) with AGAM International (BD) Limited to expand and strengthen digital financial inclusion across Bangladesh.

Ahsan Zaman Chowdhury, managing director and CEO of Trust Bank PLC, and Nish Kotecha, chairman of AGAM International (BD) Limited, signed the MoU in Dhaka, according to a press release.

At the signing ceremony, Kotecha highlighted how the initiative would ease financial burdens on workers while fostering responsible money management.

Chowdhury said leveraging AGAM’s fintech expertise would broaden access to loans for individuals, small and medium-sized enterprises (SMEs), and underserved communities nationwide.

Under the partnership, Trust Bank will launch a fully digital nano loan service, offering fast and seamless credit access to marginalised and underserved customers.

Through the AGAM app, customer onboarding, loan applications and digital know-your-customer (KYC) processes will be handled entirely online.

The app will support both individual and business lending, powered by AI-driven credit scoring, a comprehensive loan management system and an integrated payroll portal.