Midland Bank signs MoU with Sonic

Midland Bank PLC has signed a memorandum of understanding (MoU) with Sonic (Bangladesh) Limited, an export-oriented manufacturing company, to provide advanced cash management solutions for more efficient financial operations.

Imtiaz U Ahmed, managing director and CEO of the bank, and Su Yongbao, director of the manufacturing company, signed the MoU at a programme held in Dhaka recently, according to a press release.

Under the agreement, Sonic (Bangladesh) will utilize Midland Bank’s modern and secure digital platform, “Midland Cash Management (MCM)”, to enhance its day-to-day banking transactions, fund management, and overall financial operations.