Eastern Bank signs payroll banking deal with LZ Group

Eastern Bank PLC (EBL) has signed a payroll banking agreement with LZ Group, one of Bangladesh's leading and rapidly expanding industrial conglomerates with a strong presence in the apparel and textile sector.

Nurul Haque, chief executive officer of LZ Group, and Ahmed Shaheen, additional managing director of Eastern Bank PLC, signed the agreement at the bank's head office in Dhaka recently, according to a press release.

Under the agreement, EBL will offer customised payroll banking solutions tailored to meet the evolving needs of LZ Group employees. These services include salary accounts, seamless digital disbursements through EBL Connect, and a suite of exclusive retail banking benefits.

Additionally, eligible employees will have access to specialised offerings under EBL Women Payroll and EBL Islamic Payroll.

Md Obaidul Islam, head of relationship unit-corporate banking at EBL; Sarmin Atik, head of liability and wealth management; Trisha Taklim, head of payroll banking; Md Rafiquzzaman, executive director of LZ Group; and Anwar Shahadat, group general manager, along with senior executives from both organisations, were also present.