City Bank PLC recently signed an agreement with IFAD Motors Limited, an automotive company in Bangladesh, for their nationwide cash management solutions.

Mashrur Arefin, managing director and chief executive officer of the bank, and Taskeen Ahmed, managing director of the automotive company, signed the deal at the bank's head office in Dhaka, as stated in a press release by the bank.

Under this agreement, City Bank will provide IFAD Motors with nationwide cash management solutions for the distribution of Royal Enfield motorcycles across Bangladesh.

Nurullah Chaudhury, deputy managing director and head of corporate banking at the bank, Mohammad Mahmud Gony, head of commercial banking, Tahsin Haq, head of corporate and institutional liability, and Sohadeb K Das, chief financial officer of the automotive company, along with other senior officials from both organisations, were also present.