Prime Bank to provide banking services to Shah Ali Mohila College

Prime Bank PLC has signed a partnership agreement with Hazrat Shah Ali Mohila College under its flagship educational initiative, PrimeAcademia, to provide specialised banking services to the institution’s academic community.

M Nazeem A Choudhury, additional managing director and head of consumer and SME banking at the bank, and Rana Ferdous Ratna, principal of the college, signed the memorandum of understanding in Dhaka yesterday, according to a press release.

Under the agreement, the bank will offer automated tuition fee collection services, institutional business accounts and payroll banking facilities for faculty and staff.

Students, parents and employees will also have access to tailored financial products, including savings accounts, customised loan facilities and priority credit cards.

The partnership reflects Prime Bank’s commitment to promoting financial literacy and delivering seamless banking services to educational institutions across the country, the release added.

Shaila Abedin, senior executive vice-president and head of liability and women banking at Prime Bank, and MM Mahbub Hasan, senior vice-president and head of financial inclusion and school banking, along with other senior executives from both organisations, were also present at the signing ceremony.