Prime Bank Signs Payroll and Cash Management Agreements with Quality Feeds

Prime Bank PLC has recently signed two agreements with Quality Feeds Limited, a leading animal feed manufacturer in Bangladesh, to provide comprehensive payroll banking and cash management services to the company’s employees.

According to a press release, M Nazeem A Choudhury, Deputy Managing Director of Prime Bank PLC; Md Basir Rahman, Director of Finance and Risk Management at Quality Feeds Limited; and Md Safir Rahman, Director of Corporate and Human Resources, signed the agreements at the corporate office in Dhaka.

Under these agreements, employees of Quality Feeds will benefit from dual-currency debit cards, customised loan and credit card facilities, and a wide range of consumer banking products and services on preferential terms.

Quality Feeds will also leverage Prime Bank’s extensive branch network and use PrimePay, the bank’s omni-channel digital platform, to initiate all types of domestic disbursements and manage nationwide sales collections efficiently.

The arrangement includes a robust MIS reporting and reconciliation system to enhance operational efficiency and transparency. Senior Executive Vice-President Mamur Ahmed, along with other senior officials from Prime Bank’s corporate and institutional banking division, and Quality Feeds’ Assistant Director of Finance Md Aminul Islam, were present at the signing.

KhaborwalaAJ