City Bank inks deal with Ifad Motors

City Bank has signed an agreement with Ifad Motors for their nationwide cash management solution.

The signing ceremony was held recently at the bank’s head office.

Under this agreement, City Bank will facilitate Ifad Motors Limited with nationwide cash management solution for the distribution of Royal Enfield motorcycles all over Bangladesh.

Mashrur Arefin, managing director & chief executive officer of City Bank, and Taskeen Ahmed, managing director of Ifad Motors Limited, signed the agreement on behalf of their respective organizations.

Nurullah Chaudhury, deputy managing director & head of corporate banking, Mohammad Mahmud Gony, head of commercial banking, Tahsin Haq, head of corporate & institutional liability of City Bank and Sohadeb K Das, chief financial officer, Ifad Motors Limited, along with other senior officials from both the organizations were present in the signing ceremony.