Midland Bank and ZHIBCL sign a MOU

A Memorandum of Understanding (MoU) was signed between Midland Bank and Zoomlion Heavy Industry Bangladesh Co Ltd (ZHIBCL) at the bank's corporate head office in the city on Jan 15, says a press release.
Zoomlion Heavy Industry Science & Technology Co. Ltd. is one of the world's top 5 construction equipment manufacturers, founded in 1992 in China.
The company is mainly engaged in the R&D and manufacturing of construction machinery, agricultural machinery and other high-tech equipment and new construction materials.
ZHIBCL is a 100 per cent owned subsidiary of Zoomlion China. With a focus on one of the fastest-growing economies in Asia, Zoomlion has opened its country office in Bangladesh to promote their extensive range of machinery and provide prompt after-sales support.
In presence of Md Ahsan-uz Zaman, MD & CEO of the bank, Mohammad Javed Tarek Khan, Head of Institutional Banking Division of Midland Bank, and Simon Zheng, Country Head, ZHIBCL, signed the MoU on behalf of their respective organisations.
Under the MoU, Zoomlion Heavy Industry Bangladesh Co Ltd will use the robust online cash management solution, "Midland Cash Management (MCM)" application, for conducting their daily business banking and cash management activities nationwide.
Prashanta Kumar Saha, Head of Corporate Liability Unit of Midland Bank, and Md Sakhawat Hossain, Chief Business Officer, Hasan Imtiaj Islam, HR & Admin Supervisor of ZHIBCL, were also present, along with other executives.