Southeast Bank Limited signed a Memorandum of Understanding (MOU) with Eastland Insurance Company Limited recently at the bank’s head office in Dhaka for providing payroll banking services, collection services, payment services, and other banking services”.
Nuruddin Sadeque Hossain, Managing Director of Southeast Bank Limited, and Abdul Haque FCA, CEO and Managing Director of Eastland Insurance Company Ltd., exchanged the agreement for their respective organizations.
Under this agreement, employees and executives of Eastland Insurance Company Ltd. will get their salaries and other benefits through SEBL Payroll Banking Service. Policyholders of Eastland Insurance Company will also be able to deposit their premiums through the bank’s wide range of delivery channels. Eastland Insurance Company can also make vendor payments, claim settlements, and any kind of fund transfer through the Corporate Payment Module System.
Masum Uddin Khan, Deputy Managing Director of Southeast Bank, and other high officials of both organizations were also present at the ceremony.