Mutual Trust Bank PLC (MTB) and the Overseas Chinese Association in Bangladesh (OCAIB) have entered into a strategic partnership to accelerate Chinese investment and bolster banking support for Chinese enterprises operating in the country.
The Memorandum of Understanding (MoU) was signed on June 30 at the bank’s corporate head office in Dhaka to promote Foreign Direct Investment (FDI). Managing Director and CEO of MTB Syed Mahbubur Rahman and President of OCAIB Felix Y.C. Chang formalised the agreement on behalf of their respective organisations.
Under the terms of the MoU, MTB will provide dedicated banking and advisory services through its specialised China Desk. The bank will offer OCAIB member companies customised solutions in trade finance, foreign remittance, treasury services, account management, and FDI advisory, read a press release.
The signing ceremony was attended by senior officials from both organisations. Representing MTB were Deputy Managing Director and Head of Wholesale Banking Division Mohammad Mamun Faruk, Head of MNC Banking Department Intekhab Alam Zilani, Cluster Head of Wholesale Banking Division Masru Hossain, Head of Communication Md Rozar Ibna Azad, Senior Relationship Manager Kazi Shabrim Hossain, Relationship Manager Mohammad Zonaed Emran, and Relationship Manager of China Desk Kamrul Hasan.
OCAIB was represented by its President, Felix YC Chang, Vice President and Secretary General Vivian Huang, Deputy Secretary General Li Tai Peng (Evan), Vice President Lisa Lou, and Executive Director Steven Zhang.
The partnership is expected to further strengthen economic cooperation between Bangladesh and China, facilitating greater investment through specialised banking support.
