In a significant development within Bangladesh's banking sector, BASIC Bank is set to merge with City Bank, following a decision made during a Monday meeting between Bangladesh Bank Governor Abdur Rouf Talukder and top officials from City Bank. The meeting saw the presence of Aziz Al Kaiser, Chairman of City Bank,
Tag: City Bank
bKash partners with City Bank
City Bank and bKash have jointly launched ‘Pay-Later’ – a special collateral-free digital nano loan service that facilitates payments with interest-free loans through bKash app. Now customers can buy any products or services and pay directly with this special loan, even if they don’t have sufficient balance in their accounts.
Digital loan amounting Tk 7b from City Bank disbursed thru bKash app
bKash customers have taken over Taka 7.0 billion worth of 'nano loan' from City Bank using the bKash app since the 'digital nano loan' was commercially launched on bKash's platform in 2021 after piloting it for one year under the supervision of Bangladesh Bank. Such loan product was launched as part
NSU and City Bank collaborate to empower students
North South University's (NSU) Career and Placement Center (CPC), in partnership with City Bank, organized an informative event for students on May 29, Monday, a press release said on Tuesday. Held at the university's syndicate hall, the focus group discussion was aimed at providing a platform for students to explore
Genex Infosys inks deal with City Bank
Genex Infosys signed an agreement with City Bank to provide managed contact center services in an outsourced model. Under this agreement, part of the City Bank’s customer service operation will be outsourced to Genex, a smart innovator in customer experience management. Through this partnership, the bank aims to excel in
City Bank & bKash jointly launch first Digital Nano Loan
City Bank has launched a collateral-free, instant ‘Digital Nano Loan’ for bKash users, following the successful completion of a year-long pilot project. EntitledbKash users can now apply for a loan from BDT 500 to BDT 20,000 through bKash app, get the loan instantly and repay the credit in three equal monthly
City Bank partners with Mastercard to integrate Mastercard payment gateway services
City Bank Limited, one of the largest acquirers of online transactions in the country, has partnered with Mastercard to integrate Mastercard Payment Gateway Services (MPGS) that enables simple, secure acceptance of a range of digital payment methods such as buying products and services online, add money from card to mobile
City Bank signs Derivative Product agreement with Bangla Trac
City Bank has signed Interest Rate Swap (IRS) deal of USD 21.43 million with Bangla Trac Power Unit-1 Ltd for the first time recently at City Bank Head Office. An interest rate swap (IRS) is an OTC derivative contract in which two parties periodically exchange interest payments of different types (Fixed
City Bank enrolls to IFC’s Global Trade Finance Program
City Bank has entered into an agreement with IFC to participate in the Global Trade Finance Program (GTFP) as a confirming bank, a release said Tuesday. With this, City Bank has become the first bank in Bangladesh to participate in the program as a confirming bank. Sheikh Mohammad Maroof, Additional Managing Director
