UCB inks deal with Syngenta and Upay

United Commercial Bank (UCB) recently signed an agreement with Syngenta Bangladesh Limited and UCB Fintech Company Limited (Upay) for the former to provide agricultural loans to registered farmers at a low interest rate.

Mobile financial service provider Upay will act as a loan withdrawal and repayment platform to facilitate farmers located in remote areas.

ATM Tahmiduzzaman, deputy managing director of UCB, Md Shah Alam Bhuiyan, deputy managing director, and Mohammad Hedayet Ullah, managing director of Syngenta Bangladesh, signed the agreement in Dhaka, said a press release.

Md Sekander-E-Azam, senior executive vice-president of the bank, Shekh Mohammad Rashedul Hasan, managing director of UCB Asset Management, Ziaur Rahman, chief strategy officer of Upay, were present.

Syed Md Enamul Kabir, chief financial officer, and Md Mainur Rahman Bhuiyan, head of finance of Syngenta Bangladesh, Imtiaz Ahmed Chowdhury, head of sales, and Rezaul Karim Siddique (Rana), project coordinator of agri-CSR programme of the UCB, were also present.