BRAC Bank, ACI sign partnership for digital financing

 
BRAC Bank has signed a comprehensive partnership agreement with ACI PLC, one of Bangladesh’s leading business conglomerates, to provide a wide range of banking and financing solutions, including alternative and digital financing, to ACI and its subsidiaries.

Tareq Refat Ullah Khan, Managing Director and CEO of BRAC Bank, and Dr Arif Dowla, Managing Director of ACI PLC, signed the agreement on behalf of their respective organisations at ACI headquarters on Wednesday, says a press release.

Under the partnership, BRAC Bank will facilitate digital cash collection through Bangla QR, Smart POS and designated payment channels for ACI’s distributors and dealers.

The bank will also provide digital financing through its SHAFOLLO platform, enabling eligible borrowers to access credit through a streamlined process with automated disbursement.

Md Monir Hossain Khan, Chief Financial Officer, and Md Abu Hasan Zaman, Director of Treasury, represented ACI PLC at the signing ceremony.

From BRAC Bank, Syed Abdul Momen, Additional Managing Director and Head of SME Banking; MdShaheen Iqbal, CFA, Additional Managing Director and Head of Wholesale Banking; Md Mahiul Islam, DMD and Head of Retail Banking; and Md Asif Bin Idrish, DMD and Head of Corporate, Commercial and Institutional Banking, were present.