Midland Bank launches two products at 7th anniversary celebration

Business Desk | Published: 23:28, Jun 20,2020


Midland Bank managing director and CEO Md Ahsan-uz Zaman and other senior officials are seen at the launch of the bank’s new products and services at its seventh founding anniversary programmes held in Dhaka on Saturday. — New Age photo

Midland Bank Limited, a fourth generation private commercial bank in the country, has completed the seventh year of its commercial operation, said a press release.

On the occasion, a prayer session was held at the bank’s head office maintain the social distancing guidelines on Saturday.

In his speech, the bank’s managing director and CEO Md Ahsan-uz Zaman said that as part of the anniversary celebrations, the bank had introduced one new product called the MDB e-Saver along with a similar product for Midland Bank Saalam Islami banking window called the MDB Saalam eSaver for the unbanked masses under the Bangladesh Bank’s recently announced e-KYC policy, and one new business — MDB Offshore Banking — for its foreign trade clients and clients who want to open accounts in foreign currency.

MDB e-Saver and MDB Saalam e-Saver accounts are paperless savings accounts introduced to facilitate customers who have limited transaction needs and can be opened at any branch, sub-Branch and soon at any agent banking centre of the bank.

MDB e-Saver account holders will also be able to avail hassle-free digital services like SMS alerts of any transaction on mobiles, free monthly estatements and online fund transfers through BEFTN, NPSB, RTGS, BKash.

Ahsan further informed that in order to cater to the banking needs of nonresident customers, Midland Bank had established an Offshore Banking Unit at its Gulshan and Agrabad branches.

The OBU acts as a unique solution for the banks around the globe to carry out international banking business, which involves foreign currency denominated assets and liabilities taking the advantage of internationally competitive pricing for the clients.

MDB Offshore Banking services is specially tailored for 100 per cent foreign owned companies, joint ventures and locally owned companies in the export processing zones, export zones and hi-tech parks.

More about:

Want stories like this in your inbox?

Sign up to exclusive daily email