UCB to provide payroll banking solutions to Paramount Group

United Commercial Bank (UCB) PLC has recently signed a Memorandum of Understanding (MoU) with Paramount Group as part of its continuous commitment to product innovation.

The MoU signing ceremony was held at the head office of UCB, according to a press release.

In the presence of Mr. Sharif Zahir, the Chairman of UCB, Mr. Syed Faridul Islam, Managing Director & CEO (Acting) of UCB and Shakhawat Hossain, The Chairman of Paramount Group signed the agreement on behalf of their respective organization.

Mohammad Jahidul Abedin, CFO, Paramount Group; Shah Aziz, General Manager, Paramount Group; Abul Alam Ferdous, Additional Managing Director, UCB; ATM Tahmiduzzaman, Additional Managing Director, UCB, along with other senior officials of both organizations were also present at the signing ceremony.

UCB’s chairman Sharif Zahir said, “As a bank, we prioritize product innovation with a view to fulfilling the growing demands of our customers. We want to create a strong footprint in the retail landscape by offering innovative products and time-befitting services. In its continuation, we have partnered with Paramount Group for streamlining their payroll system.”

Under this agreement, UCB will be providing exclusive corporate executive package (payroll banking solutions) to Paramount Group.

This service will add value to their (Paramount) business operations and simplify their payroll system, the release adds.