City Bank signs Participation Agreement with Bangladesh Bank for JICA Assisted Urban Building Safety Project

City Bank signs Participation Agreement with Bangladesh Bank for JICA Assisted Urban Building Safety Project

City Bank signed a Participating Agreement with Bangladesh Bank under JICA assisted Urban Building Safety Project (UBSP) on December 17 at Bangladesh Bank Head office. Under the agreement, City Bank as a Participating Financial Institution will get long term refinance/pre-finance facility to invest in the safe working environment in RMG sector of the country. City Bank customers can avail this facility for fire safety, retrofitting, rebuilding and relocation of garments buildings.

Mashrur Arefin, Managing Director & CEO of City Bank and Md. Sharafat Ullah Khan, Project Director, Urban Building Safety Project, SME & Special Programmes Department, Bangladesh Bank signed the agreement on behalf of their respective organizations. The program was chaired by Lila Rashid, General Manager, SME & Special Programmes Department, Bangladesh Bank. Among others, Sheikh Mohammad Maroof, Additional Managing Director, Mahbub Jamil, Head of Structured Finance, City Bank and JICA Project Implementation Unit were also present on the occasion.