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  • 18 Aug 2026
  • By Admin

Citizens Bank PLC Signs Participation Agreement with Bangladesh Bank for Agricultural and Rural Sector Refinancing Scheme

Citizens Bank PLC has signed a participation agreement with the Agricultural Credit Department-2 of Bangladesh Bank at its Head Office, Dhaka, under the “Refinancing Scheme for the Agriculture and Rural Sector’’ on August 16, 2026. Mr. Alamgir Hossain, Managing Director of Citizens Bank PLC and Mr. A.K.M. Sayduzzaman, Director of the Agricultural Credit Department-2 of Bangladesh Bank signed the agreement on behalf of their organizations. Among others, Mr. Md. Abdul Latif, Deputy Managing Director and Mr. Bijoy Chandra Das, Senior Vice President and Head of SMR & Marketing Division of Citizens Bank PLC.; Ms. Rafia Sultana, Additional Director of the Agricultural Credit Department-2 of Bangladesh Bank along with other officials from both institutions attended the agreement signing ceremony. Under the agreement, agricultural entrepreneurs associated with Citizens Bank PLC will have access to loans at concessional interest rates under Bangladesh Bank refinancing scheme. The initiative will facilitate affordable financing for agricultural entrepreneurs and rural-based enterprises, enabling them to expand their businesses, enhance production capacity and create new employment opportunities, particularly in rural areas. The facility is expected to contribute to the sustainable growth of the agricultural sector by improving access to finance and supporting rural economic activities. Through its participation in the refinancing scheme, Citizens Bank PLC has reaffirmed its commitment to strengthening the country’s agricultural sector, promoting rural development and contributing to sustainable economic growth.

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