Dhaka Bank signs payroll banking deal with East Coast Group

Dhaka Bank PLC has entered into a payroll banking agreement with East Coast Group, one of the leading business conglomerates in Bangladesh.

Sheikh Mohammad Maroof, managing director and CEO of the bank, and Dilruba Chowdhury, director of human resources at the business conglomerate, signed the agreement at the bank's head office in the capital's Gulshan-1 recently, according to a press release.

Under the terms of this agreement, all employees of East Coast Group will gain access to an array of Dhaka Bank's financial products and services on preferential terms.

This arrangement will enable them to benefit from a wide spectrum of offerings, ranging from profit-bearing accounts and secured or unsecured loans to local and international credit cards. In addition, they will enjoy exclusive facilities and privileges associated with other consumer banking products provided by Dhaka Bank PLC.

Md Mostaque Ahmed, deputy managing director and chief emerging market officer of the bank; Akhlaqur Rahman, deputy managing director for corporate; HM Mostafizur Rahaman, senior executive vice-president and head of retail business division; Mohammad Ainul Haque, executive vice-president and in-charge of corporate banking division; and Mosleh Saad Mahmud, executive vice-president and head of cash management unit, joined the programmme.

Mohammad Mahbubur Rahman Palash, executive vice-president and head of MSME and emerging business division at the bank; Tahmina Sharmin, vice-president and unit head of corporate banking division; Masudur Rahim, chief executive officer of East Coast Group; Atiar Rahman, chief financial officer of Omera Petroleum Limited; and Md Rokonujjaman, head of national sales, along with other senior officials from both organisations, were also present.