Dhaka Bank to integrate services with Bida’s OSS portal

Dhaka Bank PLC recently signed a memorandum of understanding (MoU) with the Bangladesh Investment Development Authority (Bida) to integrate its services with Bida’s One Stop Service (OSS) portal.

Osman Ershad Faiz, managing director of Dhaka Bank PLC, and Air Commodore (retd) Md Shaharul Huda, executive member of the Bangladesh Investment Development Authority, signed the MoU at the Bida’s office in the capital’s Agargaon, according to a press release.

In his remarks, Faiz said, “We express our sincere gratitude to Bida for this visionary One Stop Service initiative, which is a transformative step towards improving Bangladesh’s investment climate.”

“By simplifying and digitalising the business setup process, the OSS portal significantly enhances the country’s ability to attract foreign direct investment. Dhaka Bank, with its 30 years of experience and strong reputation as a corporate-oriented bank, is well positioned to support this national agenda.”

“We are fully prepared to offer our expertise and tailored financial services to both foreign and domestic investors through this integrated platform, ensuring a seamless and efficient banking experience,” he added.

Chowdhury Ashik Mahmud Bin Harun, executive chairman of Bida, attended the ceremony as the chief guest.

Abu Mohammad Nurul Hayat Totul, deputy director of Bida, moderated the programme.

The integration will enable both domestic and foreign investors to open Dhaka Bank accounts online through the OSS portal. It will establish server-to-server connectivity for secure data exchange, ensuring faster, more transparent and hassle-free banking services as part of the investment setup process in Bangladesh.

Aklaqur Rahman, deputy managing director of the bank, and Jibon Krishna Saha Roy, director general of Bida, along with other senior officials from the organisations, were also present.