City Bank strikes deal to sell Reliance Insurance’s products
City Bank recently signed an agreement with Reliance Insurance Limited to commence the sale of the latter's non-life insurance policies under bancassurance.
Mashrur Arefin, managing director and CEO of the bank, and Md Khaled Mamun, chief executive officer of the non-life insurer, penned the deal at the bank's head office in Dhaka, the bank said in a press release.
Under this agreement, City Bank's customers will be able to buy Reliance Insurance Limited's non-life insurance products directly from the bank under the Bancassurance Guidelines issued by the Bangladesh Bank and the Insurance Development and Regulatory Authority.
Sheikh Mohammad Maroof, additional managing director and chief business officer of the bank, Mohammad Mahbubur Rahman, additional managing director and chief financial officer, Mahia Juned, additional managing director and chief operating officer, AKM Saif Ullah Kowchar, deputy managing director and head of ICC, Kazi Azizur Rahman, deputy managing director and chief information officer, and Nurullah Chaudhury, deputy managing director and head of corporate banking, attended the programme.
Among others, Ashanur Rahman, chief economist and country business manager of the bank, Arup Haider, head of retail banking, and Syed Qayem Hussain, senior executive vice-president of the non-insurer, Ramzanul Quadar Billah, senior vice-president, and other senir officials of both organisations were also present.
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