BRAC Bank Limited will deploy its real time online Branch Network and Agent Banking channel to provide seamless cash management services to Green Delta Insurance Limited.
This came as BRAC Bank Limited has signed an agreement with Green Delta Insurance Limited to provide centralized cash management service.
BRAC Bank through its real time Branch network will collect Insurance Premium from the clients of Green Delta Insurance across the country. Green Delta Insurance is the first non-life insurance company to avail automated reconciliation service and other cash collection solutions.
Tareq Refat Ullah Khan, Head of Corporate Banking, BRAC Bank; and Syed Moinuddin Ahmed, Additional Managing Director and Company Secretary, Green Delta Insurance; signed the agreement on behalf of their respective organizations in Dhaka on September 25, 2019.
Commenting on the agreement, BRAC Bank’s Tareq Refat Ullah Khan said: “Agent Banking adds new dimension to our cash management capability and enable us to serve the clients even beyond stipulated banking hours. As a tech-savvy bank, BRAC Bank will continue to bring in innovative and tailor-made services to serve the needs of the valued corporate customers.”
Syed AliulAhbab, Chief Financial Officer; and Sibya Zaman, Assistant Vice President; Green Delta Insurance; and Jabedul Alam, Head of Trade Development & Cash Management; and Farhana Afrin Khan, Senior Manager, Cash Management; BRAC Bank; were also present at the signing ceremony.