Prime Bank signs payroll and cash management deal with Quality Feeds
Prime Bank PLC has signed an agreement with Quality Feeds Limited, a leading Bangladeshi animal feed manufacturer, to provide comprehensive payroll banking and cash management services.
The signing ceremony was held at the company's corporate office in Dhaka.
Under the agreement, employees of Quality Feeds Limited will receive exclusive payroll banking facilities, including dual-currency debit cards, customised loan and credit card facilities, and a range of consumer banking products and services on preferential terms. Quality Feeds Limited will also utilise a full suite of cash management solutions from Prime Bank.
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The company will use Prime Bank's omni-digital platform, PrimePay, to initiate domestic disbursements and manage nationwide sales collections through the bank's extensive branch network. The arrangement includes a robust MIS reporting and reconciliation system to enhance operational efficiency and transparency.
M Nazeem A Choudhury, deputy managing director of Prime Bank PLC, and Md Basir Rahman, director (finance and risk management), along with Md Safir Rahman, director (corporate and HR) of Quality Feeds Limited, signed the agreement on behalf of their respective organisations.
The ceremony was also attended by Mamur Ahmed, SEVP and head of distribution network; Sajid Rahman, area head of corporate and institutional banking; Md Manzur Ahmed Sarker, SVP and team head, corporate and institutional banking; Md Rashedul Husain, SVP, cash management; and Hasina Fardous, VP and head of payroll banking at Prime Bank.
From Quality Feeds Limited, attendees included Md Aminul Islam, assistant director (finance and accounts); Md Bayazid Hossain, senior general manager (finance and accounts); and Md Abdullah Al-Mamun, deputy general manager (finance and accounts), along with other senior officials from both organisations.
