ICB signs payroll banking agreement with IFIC Bank

IFIC Bank PLC has signed a Memorandum of Understanding (MoU) with the Investment Corporation of Bangladesh (ICB) to provide payroll banking services for ICB employees.

The agreement was formalised today (Tuesday) at a signing ceremony held at the ICB Conference Room in BDBL Bhaban, Rajuk Avenue, Dhaka, according to a press release.

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.

Under this agreement, ICB employees will open salary accounts with IFIC Bank and receive dedicated 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 highlighted the significance of this partnership, acknowledging the enduring four-decade relationship between the two organisations.

They described the agreement as a strategic step forward, marking a new chapter in business growth and investment collaboration.

The signing ceremony was graced by several distinguished guests, including Mr Md Rafiqul Islam, Deputy Managing Director and Head of Branch Business, IFIC Bank; Mr Helal Ahmed, Head of Operations, IFIC Bank; and Mr Nurul Huda, Deputy Managing Director, ICB, along with senior officials from both organisations.