NCC Bank, Akij Resource Group sign MoU

NCC Bank and Akij Resource Group have signed a memorandum of understanding to introduce technology-driven collection and cash management services for the conglomerate’s dealers and distributors nationwide.

Under the “Advance Cash Management” arrangement, dealers and distributors will be able to deposit cash or cheques over the counter at any NCC Bank branch, make instant transactions through the “NCC Always” app and use individual virtual account numbers.

The service will also provide real-time payment notifications integrated with Akij Resource Group’s enterprise resource planning system.

Md Habibur Rahman, Deputy Managing Director of NCC Bank, and Md Ruhul Islam, Representative Director and Group Company Secretary of Akij Resource Group, signed the agreement on behalf of their respective organisations.

M Shamsul Arefin, Managing Director and Chief Executive Officer of NCC Bank, attended the signing ceremony.

Other attendees included Sharif Mohammad Mahsin, Senior Vice President and Head of SME at NCC Bank; Md Sajjadul Islam, Senior Vice President and Head of the Information and Communication Technology Division; and Shahin Akter Nuha, Senior Vice President and Head of the Transaction Banking and Cash Management Division.

Akij Resource Group was represented by Md Sheikh Sadi, Chief Treasury Officer; Mufti Mohammad Atik, Deputy Manager of Treasury; and Mohammad Asaduzzaman, Assistant Manager of Treasury.
Speaking at the ceremony, M Shamsul Arefin said the agreement reflected NCC Bank’s commitment to expanding transaction and cash management services for corporate clients.

He said the partnership would make Akij Resource Group’s collection process faster, more transparent and secure while widening access to digital banking services.