United Commercial Bank signs deal with Trade International Industries

United Commercial Bank PLC (UCB) has signed an agreement with Trade International Industries Ltd, a concern of Electro Mart Ltd and the sole distributor in Bangladesh of Gree, Konka and Haiko.

Nurul Afser, deputy managing director of Trade International Industries Ltd, and Shahbaj Talat, senior executive vice-president and head of the transaction banking division of United Commercial Bank PLC, signed the agreement at the company's corporate office in Dhaka recently, according to a press release.

Under the agreement, UCB will provide banking services focused on efficient payment collection from Trade International's nationwide network of distributors and dealers, utilising its extensive branch network.

The collaboration is expected to modernise financial operations in the electronics and home appliance sector, enhancing efficiency, transparency and convenience for all stakeholders.

Senior officials from both institutions were also present at the ceremony.