EBL signs payroll banking agreement with LZ Group

Eastern Bank PLC (EBL) has signed a payroll banking agreement with LZ Group, one of Bangladesh’s leading and rapidly expanding industrial conglomerates with a strong presence in the apparel and textile sector, according to a press release.

Nurul Haque, Chief Executive Officer of LZ Group, and Ahmed Shaheen, Additional Managing Director of EBL, signed the agreement on behalf of their respective organizations at EBL’s head office, in Dhaka recently.

Senior executives from both organizations, including Md. Obaidul Islam, Head of Relationship Unit – Corporate Banking; Sarmin Atik, Head of Liability and Wealth Management; and Trisha Taklim, Head of Payroll Banking from EBL; and Md. Rafiquzzaman, Executive Director, and Anwar Shahadat, Group General Manager of LZ Group.

Under the agreement will offer customized payroll banking solutions tailored to meet the evolving needs of LZ Group employees. These services include salary accounts, seamless digital disbursements via EBL Connect, and a suite of exclusive retail banking benefits. Additionally, eligible employees will have access to specialized offerings under EBL Women Payroll and EBL Islamic Payroll.