Southeast Bank signs MoU with Nexus Group

Southeast Bank PLC recently signed a memorandum of understanding (MoU) with Nexus Group to provide payroll services, ATM, and other banking services.

Nuruddin Md Sadeque Hossain, managing director of the bank, and Rashid Ahmed Hossaini, managing director of Nexus Sweater Industries Pvt Limited, signed the agreement in Dhaka, according to a press release.

Hossain said, "This partnership highlights our commitment to providing seamless banking solutions that enhance financial efficiency and employee satisfaction."

Under this agreement, employees of Nexus Sweater Industries Pvt Ltd, a subsidiary of Nexus Group, will receive their salaries and wages directly through Southeast Bank's payroll banking service.

This will ensure secure, timely, and hassle-free salary transactions while offering access to a wide range of banking facilities, including ATM cash withdrawals, point-of-sale (POS) transactions, e-commerce payments, and fund transfers.

Abidur Rahman Chowdhury and Masum Uddin Khan, deputy managing directors of the bank, along with other senior officials of both organisations, were also present.