Citi bank NA said they give 150 crore farm loan for Bangladeshi fa rmars

Country's first ever syndicated agricultural term loan facility of Tk 150 crore, arranged by the Citibank, NA, was delivered to Buro Bangladesh, a leading micro finance institution. The 5-year loan facility has been provided to support expansion of BURO's micro- lending to the agriculture sector. The other banks, participated in the fund, are Agrani, Dutch-Bangla, Eastern, Janata, Mutual Trust, Prime, Pubali, Sonali, Southeast, Standard, City and United Commercial bank. Bangladesh Bank governor Dr Atiur Rahman handed over the fund to Buro at a function in the city Tuesday. Mamun Rashid, Managing Director and Citi Country Officer- Bangladesh said the syndicated agricultural loan, which would provide million of farmers with loans, was yet another milestone in bankers' partnership with the microfinance sector. Zakir Hossain, Executive Director of BURO said, his organisation was committed to help farmers in ensuring food security of the country.