Midland Bank PLC, Sonic (Bangladesh) Ltd sign MoU for cash management services

Midland Bank PLC has signed a Memorandum of Understanding (MoU) with Sonic (Bangladesh) Ltd to provide advanced cash management solutions for efficient financial operations.

The MoU signing ceremony took place on April 29, 2026, according to a media release. 

Imtiaz U. Ahmed, Managing Director & CEO of Midland Bank PLC, and Su Yongbao, Director of Sonic (Bangladesh) Ltd, signed the agreement on behalf of their respective organizations.

Under this agreement, Sonic (Bangladesh) Ltd will utilize Midland Bank’s modern and secure digital platform, “Midland Cash Management (MCM)”, to enhance its day-to-day banking transactions, fund management, and overall financial operations.

Sonic (Bangladesh) Ltd is 100% export oriented manufacturer of toy models and engaged in diverse business activities, including manufacturing, trading, and related services, significantly contributing to Bangladesh’s industrial sector.

Among those present from Midland Bank PLC. were Mohd. Javed Tarek Khan, SEVP & Head of Institutional Banking Division; Muhammad Majidul Haq Patwary, VP & Unit Head (IBD, Unit-5); and Khondker Khaled Shams, SAVP & Unit Head (IBD, Unit-7).

From Sonic (Bangladesh) Ltd., attendees included Dominic T. K. Ho, Chief Marketing Officer; Huang Rong, Account Manager; Nelson Liu, General Manager, Deng Chao Wen, Admin Manager, Md. Showayeb Ahamed, Assistant Manager-Finance; and Md. Shahanur Alam, Senior Accounts Officer.

Senior officials from both organizations attended the event and expressed optimism that this partnership will enhance operational efficiency and strengthen long-term business collaboration.