Midland Bank Ltd reappoints MD, CEO
While remaining small, through its fully centralized business model, MDB has achieved scale and depth in its business operations
Md Ahsan-uz Zaman has been re-appointed as Managing Director & CEO of Midland Bank Limited (MDB) for another three year term.
Ahsan joined MDB in July 2014 and during his tenure, with guidance from the Board and Bangladesh Bank and help from dedicated staff and loyal clients, the institution has emerged as trustworthy, innovative, convenient and tech savvy.
While remaining small, through its fully centralized business model, MDB has achieved scale and depth in its business operations with strong distribution and origination capability in Retail, SME, Institutional Banking, Loan Syndication, Treasury Management, FX and Foreign Trade.
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It has recently obtained licenses for Islami and Off-shore Banking both of which are offering financial solutions for its growing client base.
It is a signatory to the Investment Promotion Financing Facility of the World Bank under which long term funding is provided for infrastructure projects.
It is amongst the few banks that have launched account opening under e-KYC using both photo verification and biometric method requiring no paperwork. Through its internet banking application, midland online, payment solutions are available for paying utility bills, mobile top-up and intra-bank and inter-bank funds transfer along with opportunity for opening FDR and DPS account, even during weekends and holidays.
MDB has successfully completed UAT with NBR to collect VAT for the Government under which VAT payers can pay VAT sitting from home or office using the Bank's digital platform.
"I thank all stakeholders especially clients for trusting us with their business and for the privilege to serve. Please enjoy and experience Midland Bank as we help you reach your hopes and dreams," said Ahsan-uz Zaman commenting on his re-appointment.
