Brac Bank inks deal with Brac Kumon

Brac Bank and Brac Kumon Ltd, an initiative of the Kumon Institute of Education (KIE) in partnership with Brac, recently signed a strategic agreement to enhance educational opportunities and financial services in Bangladesh.

Lady Syeda Sarwat Abed, managing director of Brac Kumon, and Selim RF Hossain, managing director and CEO of the bank, inked the deal at the bank's head office in Dhaka, said a press release.

"This partnership is aligned with our commitment to sustainable development and financial inclusion. Together with BRAC Kumon, we help the children realise their full potential," said Hussain.

Under this agreement, the bank's "Tara" customers and credit cardholders will enjoy benefits and discounts on Kumon services. It will also enable QR code-based fee payments while also conducting financial literacy programmes for students in Kumon centres.

Among others, Syed Abdul Momen, deputy managing director and head of SME banking of the bank, Mahiul Islam, head of retail banking, Mehruba Reza, head of women banking segment "Tara" and "Agami", and Khadija Mariam, head of women entrepreneur cell, were present.

Mariko Suzuki, team lead, licensing operations and promotion department of Kumon Global, and Nehal Bin Hasan, head of Brac Kumon, were also present.