Citizens Bank strikes deal with Bangladesh Bank

Citizens Bank PLC has signed a partnership agreement with Bangladesh Bank (BB) under the "Refinancing Scheme for Women Entrepreneurs in Cottage, Micro, Small and Medium Enterprises (CMSMEs)".

Alamgir Hossain, managing director of Citizens Bank PLC, and Muhammad Mustafizur Rahman, director (current charge) of the SME and Special Programmes Department (SMESPD) at Bangladesh Bank, signed the agreement at the BB headquarters in Motijheel, Dhaka recently, according to a press release.

Under the agreement, women entrepreneurs in the SME sector of Citizens Bank PLC will be able to avail low-cost financing facilities through Bangladesh Bank's refinancing scheme.

Nurun Nahar, deputy governor of the central bank, and Husne Ara Shikha, executive director, attended the programme.

Md Mostafizur Rahman and Md Abdul Latif, deputy managing directors of Citizens Bank PLC, along with other senior officials of both organisations, were also present.