BIDA, UCB sign deal to ease investment services
The Bangladesh Investment Development Authority (Bida) and United Commercial Bank PLC (UCB) have signed a memorandum of understanding to accelerate and simplify banking services for investors via Bida's online one-stop service portal.
Under the agreement, UCB's banking services will be integrated into the portal, enabling foreign investors in Bangladesh to access financial and administrative solutions more efficiently and transparently, according to a press release issued on 23 April.
The signing ceremony was held at Bida headquarters.
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Jiban Krishna Saha, director general, Bida, and Adnan Masud, additional managing director, UCB, signed the MoU on behalf of their respective organisations.
Air Commodore Md Shaharul Huda, executive member, Bida, chaired the event.
Md Shahinuzzaman, additional director, Bangladesh Bank; Shahbaz Talat, head of transaction banking, UCB; and other senior officials attended.
Bida's online one-stop service portal is a key digital platform for investors, offering over 50 services, including company registration, utility connections and import approvals.
With UCB joining the platform, investors can access direct banking services and receive support for required documentation through the portal.
