City Bank has recently signed a cooperation agreement with IFC (International Finance Corporation) as part of IFC's "Access to Finance Advisory Service"program aimed at promoting sustainable private sector investment in developing countries. Under this cooperation agreement, IFC has agreed to contribute to City Bank's initiatives to automate the Loan Origination and Collection Management processes as well as the development of the skill resources and assisting in its capacity building program in the SME and retail businessareas of the bank.

The agreement was signed by Sohail R K Hussain, Managing Director & CEO on behalf of City Bank and Kyle F Kelhofer, Country Manager, Bangladesh, Bhutan & Nepal of IFC at City Bank's Head Office in Dhaka.

Faruq M Ahmed, Additional Managing Director;Mashrur Arefinand Sheikh Mohammad Maroof, Deputy Managing Directors of City Bank and Jennifer Isern, Manager, Access to Finance, South Asia;M Rehan Rashid,Senior Country Officer- Bangladesh;Francesca Lo Re, Program Coordinator, Access to Finance, Bangladesh, Nepal, and Bhutan of IFC were also present along with other senior officials from both the organizations.