WUB, Community Bank sign MoU on banking services, tuition payment benefits

World University of Bangladesh (WUB) and Community Bank Bangladesh PLC signed a Memorandum of Understanding (MoU) on Tuesday at the university under WUB’s University–Industry Collaboration initiative.

The partnership aims to strengthen the university’s financial operations and make banking services more accessible to students, faculty and staff.

Under the agreement, Community Bank employees and children of police personnel will be eligible for a Tk10,000 discount on admission fees at WUB. They will also be eligible for a separate Tk10,000 discount when paying university dues with a Community Bank credit card.

Community Bank also agreed to share information about WUB’s admission opportunities with its employees, their relatives and members of police families.

The proposed banking services include student loans, payroll management, an on-campus banking and fee collection booth, salary advances, credit card services and other financial services tailored to the university community.

The on-campus booth is intended to make it easier for students to pay university fees and access banking services.

Mohammed Emtiaz Uddin, managing director of Community Bank Bangladesh, signed the MoU on behalf of the bank. Acting Vice-Chancellor  Prof M Nurul Islam represented WUB at the ceremony.

Also in attendance were Prof Zaki Imam, Registrar of WUB, Prof AQM Shafiul Azam, dean of Academic Affairs and Research, and Mohammed Shaiful Hannan, joint controller of Examinations, along with other senior officials from both institutions.

Through the partnership, WUB aims to simplify fee payments and expand access to education financing, while Community Bank will extend its institutional banking services to the university and its community.