JU and ICT Division Signs MoU

Prime Bank PLC has signed a Memorandum of Understanding (MoU) with Syngenta Bangladesh Limited to offer mortgage-free overdraft loans to Syngenta’s distributors. The agreement enables distributors to access up to BDT 1 crore in financing.

"Islami Bank" has teamed up with "Nagad" to provide "Nagad" with remittance services.  From now Nagad customers can connect with Islami Bank to send remittance over 200 countries, with cash out at a limited cost. At Islam Bank Tower in Dhaka on Monday, Miftah Uddin, Deputy Managing Director of Islami Bank, and Maruful Islam Jhalak, Executive Director of Nagad, signed the agreement in the presence of Mohammed Monirul Moula, Managing Director of Islami Bank, and Tanvir A. Mishuk, Executive Chairman & CEO of Nagad Limited.

Eastern Bank (EBL) has signed a Memorandum of Understanding (MoU) with the Bangladesh Indenting Agents Association (BIAA) to provide priority banking services to BIAA members. The agreement, signed recently in Dhaka, ensures that BIAA members will receive enhanced banking facilities from EBL.

Axentec PLC has partnered with N Mohammad Group to strengthen its digital initiatives, according to a recent agreement. As a subsidiary of Robi Axiata Limited, Axentec will enhance cloud capabilities and accelerate N Mohammad Group's digital operations, particularly in the plastics industry.

BRAC Bank TARA and MetLife have partnered to offer a Micro Deposit Insurance Facility for rural women at no cost, utilizing the BRAC Bank Agent Banking Channel. Funded by a grant from the Gates Foundation,

Prime Bank PLC is set to receive a $90 million term loan from IFC, a member of the World Bank Group, aimed at supporting MSMEs involved in export and import activities in Bangladesh. The Bangladeshi SME sector, currently comprising 10 million enterprises employing 24 million people and contributing 25% to GDP, is projected to increase its contribution to 35% by 2030.