City Bank partners with HSBC to expand employee banking services

City Bank PLC has entered into a partnership agreement with The Hongkong and Shanghai Banking Corporation (HSBC) Limited Bangladesh to expand employee banking services.

Mashrur Arefin, managing director and chief executive officer of City Bank PLC, and Md Mahbub ur Rahman, chief executive officer of HSBC Bangladesh, signed the agreement at the bank’s head office in Dhaka recently, according to a press release. Hossain Khaled, chairman of City Bank PLC, attended the signing ceremony.

Under the agreement, City Bank will provide employee banking services to HSBC Bangladesh. The collaboration aims to leverage the expertise, resources, and innovation of both organisations, the release added.

Mohammad Mahbubur Rahman, additional managing director and chief financial officer of City Bank PLC; Md Ashanur Rahman, chief economist and country business manager; Md Arup Haider, deputy managing director and head of retail banking; and Hasan Uddin Ahmed, head of employee banking, attended the programme, along with other senior officials from both organisations.