Modhumoti Bank signs deal with RSA for business advisory services

Modhumoti Bank PLC has signed an agreement with RSA Advisory Limited, a firm that provides strategic financial and investment advisory services to corporates in Bangladesh.

Md Shafiul Azam, managing director and CEO of Modhumoti Bank PLC, and K Mahmood Sattar, chairman of RSA Advisory Limited, signed the agreement recently at the bank’s head office in Gulshan, Dhaka, according to a press release.

Under the agreement, RSA Advisory Limited will provide strategic business advisory services to support the centralisation of banking operations and business diversification towards the cottage, micro, small and medium enterprise (CMSME) segment.

The transformation is expected to significantly enhance the bank’s operational efficiency and institutional capacity.

Shahnawaj Chowdhury, additional managing director of the bank; Arab Fazlur Rahman, deputy managing director and chief business officer; and Selim RF Hossain, senior consultant of the advisory company, along with other senior officials from both organisations, were also present at the event.