Midland Bank signs MoU with Sonic Bangladesh
Midland Bank PLC and Sonic (Bangladesh) Ltd signed an agreement to deliver advanced cash management solutions and streamline financial operations.
A press release announced the signing ceremony, held on 29 April.
Imtiaz U Ahmed, Managing Director and CEO of Midland Bank, and Su Yongbao, Director of Sonic (Bangladesh) Ltd, signed the agreement on behalf of their respective organisations.
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Under the agreement, Sonic (Bangladesh) Ltd will adopt Midland Bank's secure digital platform, Midland Cash Management, to optimise daily banking transactions, fund management and overall financial processes.
Sonic (Bangladesh) Ltd is a fully export-oriented manufacturer of toy models, engaged in manufacturing, trading and related services, and contributing to Bangladesh's industrial sector.
Midland Bank PLC was represented by key senior officials from the Institutional Banking Division.
Sonic (Bangladesh) Ltd representatives included senior members of the management and finance teams.
Senior officials from both organisations expressed optimism that the partnership will improve operational efficiency and foster long-term business collaboration.
