Prime Bank, Sandhani Group sign MoU for cross-industry collaboration

Dhaka : Prime Bank PLC and Sandhani Group have signed a memorandum of understanding (MoU) to build a strategic cross-industry partnership aimed at creating mutual business opportunities and offering better financial and corporate benefits to their stakeholders.

The partnership will draw on Prime Bank’s banking ecosystem and Sandhani Group’s presence across healthcare, investment, higher education services and all kind of financial services according to a press release.

Under the deal, Prime Bank will offer banking solutions to eligible Sandhani Group entities and their employees, clients and students. These include multi-channel fee collection, institutional internet banking through Prime Pay, payroll solutions, financing facilities, digital banking services, savings products, education-related financial services and overseas education support.

The bank will also explore financial literacy initiatives, skill development programmes, and campus ambassador and internship opportunities.

The two sides will further explore collaboration in bancassurance, insurance solutions, institutional investment, mutual fund distribution, wealth management, capital market investment and investment banking services.

Shaila Abedin, senior executive vice-president and head of liability & women banking at Prime Bank, and Mahmudul Bari, group adviser of Sandhani Group, signed the MoU at the bank’s head office in Dhaka on Thursday.

M M Mahbub Hasan, senior vice-president and head of financial inclusion & school banking; Mamur Ahmed, senior executive vice-president and head of distribution; Miah Mohammad Rabiul Hasan, executive vice-president and head of wealth management, bancassurance and remittance; Joarder Tanvir Faisal, executive vice-president and head of consumer assets and cards; and Hasina Fardous, senior vice-president and head of payroll banking at Prime Bank, were present.

Mir Ariful Islam, managing director and CEO of Sandhani Asset Management Limited; Md Tanvir Islam, chief investment officer of the company; and Md Mizanur Rahman, company secretary of Sandhani Life Insurance, were also present.
-Press Release