BRAC Bank to provide extensive banking services to BIAA members

In a significant move aimed at fostering growth and innovation, BRAC Bank and the Bangladesh Indenting Agents' Association (BIAA) have entered into a Memorandum of Understanding (MoU).
This collaboration is intended to provide comprehensive banking solutions tailored for the association's over 1,500 member firms, says a press release.
The BIAA is a national forum representing companies engaged in the indenting business. The collaboration with BRAC Bank is expected to revolutionize how these companies manage their banking transactions.
The partnership's main offerings include smart banking solutions, exclusive transaction banking services, and dedicated remittance services.
This will ensure prompt encashment of inward foreign currency and execution of local transactions, further propelling the growth trajectory of the indenting sector.
The official agreement was signed by Tareq Refat Ullah Khan, Deputy Managing Director & Head of Corporate Banking at BRAC Bank, and Md. Nuruzzaman, president of BIAA.