Prime Bank, Sandhani Group partner to expand financial services

Dhaka : Prime Bank PLC and Sandhani Group have signed a memorandum of understanding (MoU).

The move aims to develop business opportunities and expand financial services for the group's affiliated entities, employees, clients and students.

Under the agreement, Prime Bank will provide eligible Sandhani Group organizations with a range of banking solutions.

These include digital banking, institutional internet banking through Prime Pay, payroll services, financing facilities, savings products and multi-channel fee collection.

The partnership will also cover education-related financial services and support for overseas education.

The two organizations plan to explore financial literacy programs, skills development initiatives, campus ambassador opportunities and internships.

Further areas of potential collaboration include bancassurance, insurance, institutional investment, mutual fund distribution, wealth management, capital market investments and investment banking services.

Shaila Abedin, senior executive vice president and head of liability and women banking at Prime Bank, and Mahmudul Bari, group adviser of Sandhani Group, signed the MoU.

The agreement was signed at the bank's head office in the capital on October 8.

Representa-tives from Prime Bank's financial inclusion, distribution, wealth management, consumer assets and payroll banking divisions attended the signing ceremony.

High officials from Sandhani Asset Management and Sandhani Life Insurance were also present.