BRAC Bank partners with TK Group for enhanced digital cash management solutions

BRAC Bank and TK Group have entered into a Transaction Banking Agreement to implement an advanced dealer collection solution through Virtual Accounts, marking a significant step forward in digitising corporate cash management in Bangladesh.

Under this partnership, BRAC Bank will provide an automated collection solution that enables TK Group to receive payments from its extensive nationwide dealer network directly into Virtual Accounts assigned to each dealer, according to a media release. 

This innovative system will facilitate real-time reconciliation, faster fund availability, and enhanced control over receivables, thereby ensuring greater operational efficiency and transparency. 

This strategic collaboration will streamline TK Group’s nationwide dealer payment collection process, streamlining efficiency and control in corporate cash management.

The signing ceremony took place at BRAC Bank’s Head Office on October 12, 2025.

The agreement was signed by Shaheen Iqbal, CFA, Deputy Managing Director (DMD) and Head of Treasury, FI, Corporate and Institutional Banking, Md. Sheikh Mohammad Ashfaque, DMD and Head of Branch Distribution Network of BRAC Bank, and Md. Shafiul Ather, Business Director from TK Group. 

Also present at the ceremony were Md. Azizur Rahaman Reagan, Senior Manager from TK Group; and from BRAC Bank: AKM Faisal Halim, Head of Transaction Banking; Khaled Al Fesani, Area Head–3; Md. Sadekul Hoque, Head of Relationship Unit 9; Md. Masfikuzzaman, Unit Head, Transaction Banking; Ratan Podder, Relationship Manager, Transaction Banking; and Nazmul Hoque Mozumder, Relationship Manager — all representing the Corporate and Institutional Banking Division of the bank.