Sonali Bank to offer services in economic zones

Sonali Bank has teamed up with Bangladesh Economic Zones Authority (Beza) to provide banking services to foreign and local investors of the economic zones across the country.

Gazi Mohammad Saifuzzaman, secretary of Beza, and Md Obayed Ullah Al Masud, managing director of the bank, signed a memorandum of understanding in this regard at Pan Pacific Sonargaon Dhaka on Monday.

The bank will meet the financing needs of the foreign and local entrepreneurs along with providing services related to foreign currency exchange and offshore banking and establishing ATM booths in the zone areas.

An authorised dealer of the bank will also be there inside the economic zones providing treasury transaction services. It is not possible to attract new foreign direct investment without ensuring updated banking services and state-of-the-art technologies, Paban Chowdhury, executive chairman of Beza, said at the MoU signing ceremony.

“I hope Sonali Bank will launch its services in the zones in the shortest possible time for the sake of the investors.”

Fazle Kabir, governor of Bangladesh Bank, and Md Ashraful Moqbul, chairman of Sonali Bank, were also present.