Dhaka, April 29 -- IFIC Bank PLC has signed a Memorandum of Understanding (MoU) with the Investment Corporation of Bangladesh (ICB) to provide payroll banking services for ICB employees.

The agreement was formalised today (Tuesday) at a signing ceremony held at the ICB Conference Room in BDBL Bhaban, Rajuk Avenue, Dhaka, according to a press release.

The MoU was signed by Mr Md Nazimul Hoque, Chief Manager of IFIC Bank's Principal Branch, and Mr Md Anwar Shamim, General Manager of ICB.

Under this agreement, ICB employees will open salary accounts with IFIC Bank and receive dedicated payroll banking facilities and services.

In their welcome addresses, IFIC Bank Managing Director Mr Syed Mansur Mustafa and ICB Managing Director Mr Niran...