The City Bank Limited has recently signed agreements with International Finance Corporation (IFC) for participation in global trade finance programme and short term rollover loan facilities, says a press release.

This will enable City Bank to extend USD based short term funding to eligible companies and strengthen its trade finance services.

K Mahmood Sattar, managing director and chief executive officer of City Bank, and Kyle F Kelhofer, country manager, Bangladesh, Bhutan and Nepal of IFC, signed the agreements at the Banks head office at City Bank Centre, Gulshan, in the city.

Faruq M Ahmed, Additional managing director and chief risk officer, and Sheikh Mohammad Maroof, deputy managing director and head of wholesale banking division of City Bank, and M Rehan Rashid, senior country officer of IFC, were also present.

The Independent/Bangladesh/ 27th June 2012