Shimanto Bank inks MoU with Nagad

Shimanto Bank recently signed a memorandum of understanding (MoU) with mobile financial service (MFS) provider Nagad Ltd at the bank's head office in Dhaka.

Mohammad Azizul Hoque, head of operations and chief risk officer of the bank, and Md Shihab Uddin Chowdhury, chief commercial officer of the MFS provider, signed the MoU, said a press release.

Under the MoU, customers will enjoy "add money service" from the bank's internet banking option "Connect" to the MFS provider.

Rafiqul Islam, managing director and CEO of the bank, along with senior officials from both the sides were present.