Kamrul, Mehedi Become City Bank DMDs: A Milestone in Inclusive Banking Leadership

In a defining moment for Bangladesh’s banking sector, Kamrul Mehedi and Md Nurul Azam Mozumder have been elevated to the prestigious roles of Deputy Managing Directors (DMDs) at City Bank. This appointment is not merely a corporate promotion—it symbolizes a renewed commitment to inclusive economic growth and strategic advancement of the SME and microfinance sectors, vital pillars of the nation’s financial ecosystem.

Both leaders bring distinct strengths, decades of experience, and a vision shaped by their academic and professional journeys. Their ascent comes at a crucial time when Bangladesh’s banking industry is increasingly focused on sustainable financial practices and broader access to credit for small and medium enterprises (SMEs).

Kamrul, Mehedi Appointed City Bank DMDs: The Profiles Behind the Promotion

The elevation of Kamrul Mehedi and Md Nurul Azam Mozumder to DMDs of City Bank is far from a routine announcement. It marks a strategic shift, reinforcing the bank’s role in spearheading innovation and inclusivity in the SME space.

Md Nurul Azam Mozumder: A Veteran in Medium Business Growth

Md Nurul Azam Mozumder has been a pillar in City Bank’s growth story for over 25 years. Starting as a management trainee in 1999, his journey reflects unwavering loyalty, strategic insight, and a results-driven mindset. His academic foundation in Mathematics and Business Studies from the University of Dhaka provided him with analytical precision and financial acumen.

Over the years, Mozumder has held a variety of critical positions including:

• Business Development Manager

• Cluster Head of Branches

• Head of Branch Banking

• Senior Executive Vice President & Head of Medium Business

His most notable contribution came in 2018 when he took the helm as Head of Medium Business. Under his leadership, City Bank expanded its footprint across the country, reaching mid-sized businesses that form the backbone of Bangladesh’s economy. His ability to balance risk with opportunity helped the bank maintain a robust SME portfolio, even amid fluctuating market conditions.

Mozumder’s promotion to DMD now empowers him to scale these contributions further, supporting national development agendas and Sustainable Development Goals (SDGs) through financial inclusion.

Kamrul Mehedi: Championing Microfinance and Agricultural Innovation

While Mozumder built the bank’s medium business engine, Kamrul Mehedi energized its microfinance and small business segments. Since joining City Bank in a senior capacity in 2017, Mehedi’s vision has consistently aligned with the bank’s purpose-driven mission.

His background is nothing short of exceptional:

• Started career at BRAC Bank

• Served in the Bangladesh Army, shaping his discipline and strategic foresight

• Graduate degree in Banking Leadership from MIT (Massachusetts Institute of Technology)

Mehedi has led pioneering efforts in developing financial products for CMSME customers, a demographic often underserved by traditional banking systems. His tenure also saw the bank’s increased presence in agricultural lending, women-led enterprises, and green financing.

Notable initiatives under his leadership include:

• Simplified microloan services via digital platforms

• Targeted lending programs for female entrepreneurs

• Expansion of sustainable finance tools across rural Bangladesh

With his promotion to DMD, Mehedi is now positioned to extend these innovations on a national scale, contributing to Bangladesh’s mission to become a knowledge- and equity-driven economy.

Strengthening City Bank’s Role in SME Development

City Bank’s decision to elevate Kamrul and Mozumder is more than a nod to loyalty—it reflects a larger strategy to consolidate leadership in the SME and microfinance markets. With the SME sector contributing over 25% of Bangladesh’s GDP, and employing nearly 80% of the labor force, empowering this segment is essential.

As part of its strategy, City Bank is:

• Partnering with development agencies to deliver subsidized loans

• Collaborating with regulatory bodies to implement easier credit access protocols

• Utilizing fintech innovations to reach remote and underserved customers

This leadership shift aligns City Bank’s human resources with these national goals, effectively ensuring that the right expertise guides its future course.

The Bigger Picture: City Bank’s Vision for 2030

Looking ahead, City Bank’s roadmap includes ambitions to:

• Achieve carbon-neutral operations

• Digitally transform customer service systems

• Launch a dedicated SME-only banking app

• Scale its reach to over 1 million SMEs by 2030

With Kamrul Mehedi and Md Nurul Azam Mozumder leading the charge as Deputy Managing Directors, this future looks not just possible, but probable.

The appointment of Kamrul and Mehedi as DMDs at City Bank underscores a powerful commitment to financial inclusion, innovation, and resilience in SME banking—values critical to building a thriving economy in Bangladesh.

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🤔 FAQs

Who are the new Deputy Managing Directors of City Bank?

Kamrul Mehedi and Md Nurul Azam Mozumder have been appointed as the new DMDs of City Bank, responsible for SME and microfinance business growth.

What is Kamrul Mehedi’s educational background?

Kamrul Mehedi holds a graduate degree in Banking Leadership from the Massachusetts Institute of Technology (MIT), which guides his approach to inclusive financial innovation.

What role did Nurul Azam Mozumder previously serve?

He was the Senior Executive Vice President and Head of Medium Business at City Bank, with over two decades of strategic leadership in SME banking.

How does City Bank support SMEs?

City Bank offers dedicated financial products, digital services, and capacity-building programs to empower small and medium enterprises across Bangladesh.

What is the strategic significance of these appointments?

These appointments strengthen City Bank’s leadership and align it with Bangladesh’s national vision for inclusive growth and SME sector expansion.

What future plans does City Bank have for SMEs?

City Bank aims to launch specialized platforms for SMEs, invest in sustainable financing, and expand digital access to underserved rural markets.