City Bank has recently signed a cooperation agreement with International Finance Corporation (IFC) as part of IFC’s ‘Access to Finance Advisory Service’ programme aimed at promoting sustainable private sector investment in developing countries.

Under the 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 programme in the SME and retail business areas of the bank, said a press release.

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