IFIC Bank signs MoU with Investment Corporation of Bangladesh

IFIC Bank PLC has officially signed a Memorandum of Understanding (MoU) with the Investment Corporation of Bangladesh (ICB) to provide payroll banking services for ICB employees. The MoU was signed today during a ceremony held at the ICB Conference Room in BDBL Bhaban, Rajuk Avenue, Dhaka.

The MoU was signed by Mr Md. Nazimul Hoque, Chief Manager of IFIC Bank's Principal Branch, and Mr Md. Anwar Shamim, General Manager of ICB. This agreement will allow ICB employees to open salary accounts with IFIC Bank and benefit from specialised payroll banking facilities and services.

In their welcome addresses, IFIC Bank Managing Director Mr Syed Mansur Mustafa and ICB Managing Director Mr Niranjan Chandra Debnath underscored the importance of this partnership, which builds upon the longstanding four-decade relationship between the two institutions. Both executives described the MoU as a strategic step towards fostering further business growth and enhancing investment collaboration.

The signing ceremony was attended by several prominent figures, including Mr Md. Rafiqul Islam, Deputy Managing Director and Head of Branch Business at IFIC Bank; Mr Helal Ahmed, Head of Operations at IFIC Bank; Mr Nurul Huda, Deputy Managing Director of ICB; and other senior officials from both organisations.