Midland Bank, Quantanite Bangladesh sign MoU

A Memorandum of Understanding (MoU) was signed between Midland Bank and Quantanite Bangladesh Limited at the corporate head office of the bank at Gulshan 2 in Dhaka on Monday.

Under the agreement, Quantanite Bangladesh will use the robust online cash management solution of the MDB ‘Midland Cash Management (MCM)’ application for conducting their daily business banking and cash management activities nationwide, according to a media release.

Mohammad Javed Tarek Khan, Head of Institutional Banking Division of Midland Bank and Ahnaf Chowdhury, Chairman, Quantanite Bangladesh Limited, signed the MoU on behalf of their respective sides.

Prashanta Kumar Saha, Head of Corporate Liability Management Unit of Midland Bank and Ismail Tanzeer Khan, Director and Mohammad Moin, Senior Manager-Finance, Quantanite Bangladesh Limited, were also present, along with other executives and officers of both organisations.