City Bank and Bangladesh Agricultural University (BAU) recently signed a memorandum of understanding (MoU) on financial assistance for agricultural research and development to ensure sustainable food security in Bangladesh. 

Mashrur Arefin, managing director and CEO of the bank, and Prof Lutful Hassan, vice-chancellor of the university, signed the deal at City Bank Centre in Dhaka, said a press release.

Under the deal, both organisations will work together to establish a knowledge partnership which will assist education and human resources development in the field of agriculture with the objective to increase agricultural production and its quality, capacity building and innovation.

AKM Mominul Islam, professor of the university, Md Zainul Abedin, director of Bangladesh Agricultural University Research System, and Mohammad Mahbubur Rahman, additional managing director of the bank, were present.