Prime Bank, Sandhani Group expand financial ties

Prime Bank PLC and Sandhani Group have signed a memorandum of understanding (MoU) to expand cooperation in banking, investment and other financial services.
The agreement will provide eligible Sandhani Group entities, employees, clients and students with access to banking services including fee collection, institutional internet banking, payroll services, financing, digital banking and savings products, according to a press release.
The two organisations will also explore cooperation in bancassurance, insurance, institutional investment, mutual fund distribution, wealth management, capital market investment and investment banking.
Financial literacy, skills development, campus ambassador and internship programmes are also among the areas covered by the agreement.
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 Prime Bank’s head office in Dhaka on Thursday.
Senior officials from both organisations attended the signing ceremony.