Prime Bank signs payroll banking deal with Bando Eco Apparels

Prime Bank PLC recently signed a payroll banking agreement with Bando Eco Apparels Limited, a sister concern of Teamtex Group, to provide payroll banking services.

M Nazeem A Choudhury, deputy managing director of Prime Bank PLC, and Md Lutfor Rahman, managing director of Bando Eco Apparels Limited, signed the agreement at the bank’s corporate office in Dhaka, according to a press release.

Under the agreement, employees of Bando Eco Apparels Limited will enjoy payroll banking facilities, including salary accounts with competitive rates, dual-currency debit cards with fee waivers and lifestyle benefits, customised loan and credit card facilities, and a wide range of consumer banking products and services on preferential terms.

They will also have access to PrimePay, the bank’s omni digital platform, which enables seamless and automated salary disbursement along with convenient, round-the-clock corporate payment solutions.

Mamur Ahmed, senior executive vice-president and head of the distribution network at the bank; Sajid Rahman, senior executive vice-president and area head of corporate and institutional banking; Md Kudrat-E-Khouda, executive vice-president and team head of corporate and institutional banking; and Hasina Fardous, vice-president and head of payroll banking, attended the event.

Mousumi Ferdous and Md Shamsul Alam, directors of the company, and Md Kazi Monir Uddin Tarim, chief executive officer, along with other senior officials from both organisations, were also present.