Citizens Bank PLC has formally inaugurated its Lohagara Branch in Chattogram, marking another milestone in the bank’s ongoing expansion strategy aimed at strengthening financial inclusion and supporting grassroots economic development.
The new branch was inaugurated by Managing Director Mr Alamgir Hossain, who attended the ceremony as Chief Guest. Joining him as Special Guest was Md. Saiful Islam, Upazila Nirbahi Officer (UNO) of Lohagara Upazila. Senior executives, including Deputy Managing Directors Mr Md Mostafizur Rahman and Mr Md Abdul Latif, along with prominent local business leaders and professionals, were also present at the event.
In his address, Mr Hossain underscored the strategic significance of the Lohagara Branch within the bank’s broader growth framework. He noted that the branch would provide a comprehensive suite of retail and corporate banking services designed to meet the evolving financial needs of individuals, small businesses, and commercial enterprises in the region. These services include deposit products, consumer finance, SME loans, trade finance facilities, remittance services, and tailored advisory support.
Particular emphasis was placed on the Small and Medium Enterprise (SME) segment, which continues to be a cornerstone of Bangladesh’s economic growth. Mr Hossain reiterated the bank’s commitment to offering customised financing solutions, working capital support, structured trade facilities, and business advisory services to empower local entrepreneurs. He observed that improved access to credit and financial expertise would enhance competitiveness, stimulate employment, and contribute to sustainable regional development.
The Managing Director also highlighted the bank’s investment in digital transformation. Customers of the Lohagara Branch will have access to advanced digital banking platforms, including secure mobile banking applications and internet banking services. These tools are designed to facilitate seamless transactions, real-time account monitoring, and enhanced cybersecurity, ensuring convenience without compromising operational integrity.
Speaking on the broader macroeconomic context, Mr Saiful Islam reflected on the current challenges and opportunities within Bangladesh’s banking sector. He emphasised the critical role of financial institutions in safeguarding economic stability through prudent lending, robust risk management, and responsible credit allocation to productive sectors. He further noted that banks serve as pivotal intermediaries in mobilising savings, financing trade, and facilitating domestic and cross-border investment.
The inauguration of the Lohagara Branch signals Citizens Bank’s confidence in the economic potential of the Chattogram region and its commitment to deepening financial outreach beyond metropolitan centres.
Key Features of the Lohagara Branch
| Service Category | Key Offerings |
|---|---|
| Retail Banking | Savings and current accounts, fixed deposits, consumer loans |
| SME Banking | Customised SME financing, working capital, advisory services |
| Trade & Corporate Finance | Trade finance, LC facilities, structured financing |
| Digital Banking | Mobile banking, internet banking, secure digital transactions |
| Remittance Services | Domestic and international remittance solutions |
With this addition, Citizens Bank strengthens its operational footprint while reinforcing its mission to deliver inclusive, technology-driven, and development-oriented banking services across Bangladesh.