DHAKA : United Commercial Bank PLC (UCB) and Grameen Bank
have entered into a strategic partnership through the signing of a Memorandum
of Understanding (MoU) at the Head Office of Grameen Bank.
The MoU was signed by Mr. Adnan Masud, Chief
Executive Officer (Current Charge) of UCB, and Mr. Sarder Akhter Hamed,
Managing Director of Grameen Bank, in the presence of senior management officials
from both institutions.
Among those present at the signing ceremony were
Md. Abdullah Al Mamoon, Deputy Managing Director of UCB; Mohammad Shafiqur
Rahman, Deputy Managing Director of UCB; Sufia Akter, Deputy Managing Director
of UCB; Syed Motiur Rahman, Deputy Managing Director of Grameen Bank; A K M
Sazzad Hossain, Deputy Managing Director of Grameen Bank; and Mr. Md. Rezaul
Karim Chowdhury, Deputy General Manager of Grameen Bank, along with other
senior officials from both organizations.
Under this strategic partnership, Grameen Bank
employees will have access to UCB’s exclusive Payroll Banking facilities and
comprehensive Integrated Cash Management Solutions, offering enhanced banking
convenience and greater value through tailored financial services. The initiative
marks another significant milestone in UCB’s ongoing efforts to strengthen its
Payroll Banking proposition and expand the reach of its innovative banking
solutions.
Grameen Bank, globally acclaimed for pioneering the
microcredit model in Bangladesh, operates through more than 2,500 branches
across the country. It serves over 10 million borrower members, positively
impacting the lives of nearly 45 million people, including their family
members. The institution employs more than 17,000 permanent employees and
disburses approximately BDT 100 crore in salaries each month.
The scale of Grameen Bank’s operations and its
financial strength present significant opportunities for UCB to expand its
presence across Payroll Banking, Retail Banking, Transaction Banking and
Corporate Banking. Through this collaboration, UCB aims to deliver tailored
financial solutions to Grameen Bank employees while exploring broader
opportunities for institutional banking services.
