Bengal Commercial Bank signs deal with RSA Advisory

Bengal Commercial Bank has signed a strategic business advisory agreement with RSA Advisory Ltd to support the sustainable development of its cottage, micro, small and medium enterprise (CMSME) portfolio and ensure long-term financial growth.

The agreement was signed on January 13, at the bank’s head office in Gulshan, Dhaka, according to a press release.

Under the agreement, Tarik Morshed, managing director and chief executive officer of Bengal Commercial Bank, and K Mahmood Sattar, chairman of RSA Advisory, signed on behalf of their respective organisations.

Selim RF Hossain, senior consultant of RSA Advisory Ltd and former managing director of Brac Bank, was present at the ceremony.

Senior officials of Bengal Commercial Bank also attended the event, including KM Awlad Hossain, additional managing director and chief business officer, Md Rafiqul Islam, deputy managing director and chief technology officer, and Md Humayun Kabir, deputy managing director and company secretary, alongside high officials from both organisations.

Since its inception, Bengal Commercial Bank has focused on creating new entrepreneurs by financing small and medium enterprises while expanding banking services to previously unbanked segments of the population.

Under the agreement, RSA Advisory will act as a strategic partner in the bank’s overall transformation, with particular emphasis on the micro and SME segments.

The partnership is expected to strengthen institutional capacity, improve operational efficiency and facilitate more timely and inclusive banking services for CMSME entrepreneurs across the country.