Modhumoti Bank Signs Strategic Advisory Pact

Modhumoti Bank PLC, one of the country’s established private commercial banks, has entered into a significant strategic advisory agreement aimed at institutional transformation and expansion within the cottage, micro, small and medium enterprise segment. The agreement was signed with RSA Advisory Limited at the bank’s head office in Gulshan, Dhaka, on Sunday.

The formal signing ceremony was attended by senior executives from both organisations, underlining the importance of the partnership. On behalf of Modhumoti Bank, the Managing Director and Chief Executive Officer, Mohammed Shafiul Azam, executed the agreement. The advisory firm was represented by its Chairman, K Mahmud Sattar, a seasoned banking professional widely recognised for his leadership roles in leading private commercial banks across the country. Also present were Additional Managing Director Shahnawaz Chowdhury, Deputy Managing Director and Chief Business Officer Arab Fazlur Rahman, and senior consultant Selim R F Hossain, among other high-ranking officials.

Under the terms of the agreement, RSA Advisory Limited will provide integrated strategic business advisory services designed to centralise operations, streamline internal processes and diversify service offerings. A principal focus will be the expansion of lending and tailored financial solutions for cottage, micro, small and medium enterprises, a sector widely regarded as a cornerstone of inclusive economic growth.

The proposed centralisation of management functions is expected to reduce duplication of branch-level tasks, enhance administrative efficiency and reinforce governance structures. By harmonising procedures and introducing standardised operational frameworks, the bank anticipates faster decision-making, improved risk management practices and stronger compliance with regulatory directives. Enhanced service quality and strengthened institutional capability are also projected outcomes, enabling the bank to compete more effectively in an increasingly dynamic financial environment.

Renewed emphasis on financing small entrepreneurs aligns with national priorities of employment generation, revitalisation of rural economies and productivity enhancement. Through accessible credit facilities and need-based financial products, the bank aims to support emerging entrepreneurs and foster sustainable enterprise development.

A summary of the agreement is presented below:

Representatives from both institutions expressed confidence that this strategic collaboration will secure the bank’s long-term sustainable growth and consolidate its competitive standing within the evolving financial landscape. By combining strategic foresight with operational excellence, Modhumoti Bank aspires to make a more substantial contribution to national economic advancement in the years ahead.