Prime Bank, Angelica Int’l School partner for educational banking

Prime Bank PLC has signed a memorandum of understanding (MoU) with Angelica International School (AIS) under its flagship educational initiative, PrimeAcademia, aimed at providing a sophisticated suite of specialised financial services tailored to the AIS community.

Shaila Abedin, senior executive vice-president and head of liability at Prime Bank PLC, and Hasina Akter, principal of Angelica International School, signed the MoU in Dhaka recently, according to a press release.

As a premier English-medium institution in Savar with a legacy dating back to 1997, Angelica International School will now leverage Prime Bank’s robust digital and retail banking ecosystem.

The partnership offers comprehensive solutions, including automated tuition fee collection for seamless school management, institutional business accounts, payroll banking services for staff, and tailored financial products such as savings accounts, customised loan facilities, and priority credit card options for parents and employees.

The partnership underscores Prime Bank’s mission to promote financial literacy and deliver world-class, frictionless banking experiences to the country’s leading educational institutions, the release added.

MM Mahbub Hasan, senior vice-president and head of financial inclusion and school banking at the bank, Salim Mahmud and Ehsanul Kabir Sakib, directors of AIS; along with other senior executives from both organisations, were also present.