MTB partners with Petrochem to promote Agri-finance

Mutual Trust Bank PLC and Petrochem Bangladesh Limited have joined hands to ease financing access for farmers and retailers.

This partnership will enable accessible credit facilities nationwide to procure agro-inputs from Petrochem’s authorised dealers.

This initiative aims to boost agricultural productivity by ensuring consistent access to superior quality of micro-nutrient fertilisers, pesticides, Herbicides, fungicides, plant growth regulators and seeds, according to a press release.

Petrochem Bangladesh Limited, a key player in the agro-input sector, will leverage its nationwide dealer network to ensure timely delivery and comprehensive farmer support. Together, MTB and Petrochem will drive novelty in agri-financing and improve farmer livelihoods.

The agreement was exchanged by Md. Khalid Mahmood Khan, AMD & Chief Business Officer of MTB, and Saif Uddowlah, Managing Director of Petrochem Group, in the presence of Syed Mahbubur Rahman, Managing Director & CEO of Mutual Trust Bank PLC.

Others present at the event included Chowdhury Akhtar Asif, AMD & Group Chief Risk Officer; Abdul Mannan, DMD & Head of Branch Banking Division; Sanjib Kumar Dey, Head of SME & Agri Banking Division from MTB; and Md. Shakhawat Hossain, Deputy General Manager from Petrochem, along with other officials from MTB, were also present during the MoU signing ceremony.