Mutual Trust Bank signs cash management services deal with SMC Enterprise

Mutual Trust Bank PLC has signed a cash management services agreement with SMC Enterprise Limited, an organisation involved in the sales, marketing and production of health, consumer and pharmaceutical products.

Syed Mahbubur Rahman, managing director and CEO of Mutual Trust Bank PLC (MTB), and Sayef Uddin Nasir, managing director of SMC Enterprise Limited, signed the agreement at the bank’s corporate head office in Gulshan-1, Dhaka recently, according to a press release.

Under the arrangement, SMC Enterprise Ltd will be able to process all types of transactions seamlessly through MTB’s corporate banking solution, named “MTB eBank”.

Users can approve these transactions conveniently using biometric authentication on the MTB eBank app.

Mohammad Mamun Faruk, divisional head of the wholesale banking division at the bank; Eva Rahman, unit head of wholesale banking division-1; Sanjib Kumar Dey, head of the SME and agri banking division; Md Abu Bokar Siddik, head of the cards division; and Mohammad Ashik Iqbal Khan, divisional head of cash management and transaction banking, attended the event.

Abul Bashir Khan, chief financial officer of SMC Enterprise Ltd, and Mohammad Tanvir Hossain, deputy general manager of finance and accounts, along with other senior officials from both organisations, were also present.