BRAC Bank partners Syngenta to provide agri-financing

BRAC Bank has entered into a strategic partnership with Syngenta to offer agricultural financing solutions to marginal farmers across Bangladesh.
Syed Abdul Momen, Deputy Managing Director and Head of SME Banking of BRAC Bank, and Mohammad Hedayet Ullah, Managing Director of Syngenta Bangladesh, signed the agreement at a ceremony held at Syngenta's headquarters in Dhaka recently, says a press release.
Under this partnership, BRAC Bank will provide digital micro-loans to farmers, leveraging its advanced technological capabilities and extensive SME banking network. The collaboration will also involve onboarding Syngenta's input retailers, ensuring their access to essential financial services and products BRAC Bank offers.
Syngenta Bangladesh Limited is a leading agricultural company that helps farmers improve their crop yield and quality through innovative seed and crop protection solutions.
The initiative aims to foster an ecosystem that supports Micro, Small, and Medium Enterprises (MSMEs) like marginal farmers by integrating financial services with advanced agricultural technology.
BRAC Bank, a key player in this initiative, will launch the programme in Jashore, Rangpur, Dinajpur, and Cumilla, extending its banking and financial services to the listed farmers of Syngenta in line with the bank's policy.