Dhaka, March 9 -- City Bank PLC and Toyota Bangladesh Limited signed a Memorandum of Understanding (MoU) for Strategic Partnership at City Bank's Head Office.

The MoU was signed by Premmit Singh, Managing Director of Toyota Bangladesh Limited and Mashrur Arefin, Managing Director & CEO of City Bank PLC, in the presence of senior officials from both organizations, according to a media release.

Under this arrangement, City Bank has extended credit facilities to Toyota Bangladesh Limited to support its operations in Bangladesh. The collaboration also includes corporate cards, collection and cash management solutions, foreign trade services, and employee banking, including payroll services

Speaking at the ceremony, Mashrur Arefin said that...