Mutual Trust Bank inks cash management deal with TK Group

Mutual Trust Bank PLC (MTB) has signed a cash management services agreement with TK Group, a business conglomerate based in Chattogram.

Mohammad Mamun Faruk, divisional head of the wholesale banking division at Mutual Trust Bank PLC, and Shafiul Athar Taslim, director of finance and operations at TK Group, signed the agreement at a ceremony held at the bank’s corporate head office in Gulshan-1, Dhaka recently, according to a press release.

Syed Mahbubur Rahman, managing director and CEO of MTB, attended the signing ceremony as the chief guest.

Under this arrangement, TK Group will be able to process and manage all types of transactions and distributor collections seamlessly through MTB’s corporate banking solution, MTB eBank, the Virtual Account System (VAS), and other API-based collection services.

Users will be able to approve these transactions conveniently using biometric authentication on the MTB eBank app.

Mohammad Ashik Iqbal Khan, divisional head of cash management and transaction banking at the bank; Imran Kalam Chowdhury, unit head of the wholesale banking division; and Md Azizur Rahman Reagan, senior manager of the conglomerate; along with other senior officials from both organisations, were also present.