Prime Bank PLC, a leading financial institution in Bangladesh, has formally entered into a strategic payroll banking agreement with Bauwerk Limited. Bauwerk, a prominent global provider of technology-driven products, systems, and services for the construction industry, has selected Prime Bank to streamline its remuneration processes and enhance the financial wellbeing of its workforce.
The agreement was finalised during a signing ceremony held at Prime Bank’s corporate headquarters in Dhaka. The document was executed by Md Asif Bin Idrish, Senior Executive Vice-President and Head of Emerging Markets at Prime Bank PLC, and Julian Andrin Weber, Chairman of Bauwerk Limited. This partnership marks a significant step in Prime Bank’s mission to expand its corporate footprint by offering bespoke financial solutions to international entities operating within the local market.
Under the terms of this comprehensive arrangement, eligible employees of Bauwerk Limited will gain access to an array of exclusive payroll banking benefits. These incentives are designed to provide both convenience and long-term financial advantages.
Summary of Employee Benefits and Facilities
| Feature | Description of Services Provided |
|---|---|
| Salary Accounts | Dedicated accounts with competitive interest rates and low maintenance. |
| Payment Cards | Dual-currency debit cards featuring fee waivers and lifestyle rewards. |
| Financing Units | Customised personal loan facilities and credit cards with preferential terms. |
| Digital Access | 24/7 access to the PrimePay omni-channel digital platform. |
| Consumer Banking | Priority service for a wide range of retail banking products. |
Central to this partnership is PrimePay, the bank’s sophisticated digital ecosystem. This platform is engineered to automate salary disbursements, reducing administrative burdens for Bauwerk’s finance department while ensuring that employees receive their wages promptly and securely. PrimePay also offers round-the-clock corporate payment solutions, allowing for seamless digital transactions.
The signing ceremony was attended by a distinguished cohort of executives from both organisations. Representing Prime Bank were Md Enamul Kabir (Regional Head of Branch Distribution), Hasina Fardous (Head of Payroll Banking), and Mohammed Zubaer (Team Head of Emerging Markets). On the Bauwerk Limited side, the delegation included Md Humayun Kabir (Head of Finance and Company Secretary), Naleen Kaura (General Manager), and Md Jishan Rahman (HR Manager).
This collaboration reflects a growing trend in the Bangladeshi corporate sector, where businesses are increasingly moving away from traditional cash or cheque-based payments in favour of integrated, digital-first banking solutions that offer transparency, speed, and added value for the workforce.
