Bank Asia, Swisscontact sign MoU

Bank Asia Ltd and Swisscontact Bangladesh have signed a memorandum of understanding (MoU) to promote accessible and small-ticket-sized women-friendly savings products for the RMG workers and their community members so that their financial resilience improves.

Ziaul Hasan, deputy managing director of the bank, and Bipasha S Hossain, team leader for Sarathi-Improving Financial Health at Swisscontact, inked the MoU at a function at the bank's corporate office in Karwan Bazar on August 10, said a press release.

Under the agreement of the project to be implemented in Dhaka, Gazipur, Narayanganj and Chattogram districts, both the organisations will work together to improve financial health of readymade garment workers by developing awareness, promoting "DPS-100" and "Anchol" products through cutting-edge campaigns and other engaging activities.

These initiatives will pave the way to bring banking facilities to RMG workers' capitalisation on the bank's robust nation-wide agent banking network, mobile application and internet banking channels.

Shafiuzzaman, president and managing director (current charge) of the bank, Md Sazzad Hossain, deputy managing director and chief operating officer, Md Serajul Islam, executive vice-president, Quazi Mortuza Ali, senior vice-president, and Salma Akhter, manager for partnerships and advocacy of Sarathi project at Swisscontact, among others, were present.