Equity and Entrepreneurship Fund (EEF)
Equity and Entrepreneurship Fund (EEF) was created by the Government of People’s Republic of Bangladesh in FY 2000-2001 with a view to encourage small & medium entrepreneurs to invest in the risky but otherwise promising sectors viz. software industry and food processing & agro-based industry. Since then, EEF has been playing an important role in generating employment for the young people and improving socio-economic condition of the country. Besides, EEF is contributing in meeting protein requirement of mass people, rural infrastructure development, de-centralization, women empowerment, digitalization and poverty alleviation.
ICB invests in different companies through equity participation singly/under consortium arrangements by different Banks and financial institutions.
In case of Govt. divestment program ICB provides professional & financial advice through analyzing the companies to be privatized and the attitude the prospective buyers. Government enterprises intending to go public often seek professional financial advice on corporate restructuring and reengineering , ICB through its expertise provides such advice.
ICB receives deposit as term deposit from individuals/institutions offering attractive and negotiable interest rate which helps to mobilize savings for profitable investment in securities.
ICB is actively associated with disinvestment process. With a view to off loading of Govt. share holding through the Stock Market ICB has been entrusted with the responsibility of selling Govt. owned shares of different listed Companies.
ICB Capital Management Ltd. acts as project appraising institute for equity participation of EEF unit of Bangladeh Bank. Interested entrepreneur has to collect Expression of Interest (EOI) Form and submit the same to Bangladesh Bank/ICB (Submission on-line is under process). After acceptance of EOI, short-listed project’s entrepreneur has to apply to any Bank/Financial Institution of the country to prepare Appraisal Report for onward submission to EEF Division, ICB for the purpose of sanction and subsequent disbursement. Among other activities, ICML is acting as an Appraisal Bank and provides consultancy services to those who are seeking financial assistance from EEF, thereby it (ICML) is also contributing towards the development of the country through this scheme.
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Investment Corporation of Bangladesh (ICB)
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8, Rajuk Avenue,BDBL Bhaban, (Level 14 -17) Dhaka-1000.
Email : email@example.com.
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fax : 8802-9563313
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