Southeast Bank PLC has signed a Memorandum of Understanding (MoU) with Bangladesh Investment Development Authority (BIDA) to provide seamless one-stop banking services to domestic and foreign investors. The agreement was signed in a ceremony organized at BIDA Seminar Hall in Agargaon recently.
Managing Director of Southeast Bank Plc Nuruddin Md. Chadeq Hossain and BIDA executive member Khandaker Azizul Islam exchanged contracts on behalf of their respective organizations. The agreement emphasizes the joint commitment of both institutions to create an investment-friendly environment in Bangladesh.
The agreement will facilitate the process of local and foreign investors establishing and expanding their business in Bangladesh through API integration with Southeast Bank's Bidder One Stop Service (OSS) platform. These services include online account opening for local and foreign investors, foreign exchange management, fund transfer and advisory services tailored to meet the needs of global investors.
The partnership will provide investors with a state-of-the-art banking solution. Which will facilitate all their banking activities from opening an online bank account to transaction services. In addition, this MoU will mark an important step towards strengthening Bangladesh's position as a preferred investment destination by improving accessibility and efficiency for domestic and foreign investors.
Speaking on the occasion, BIDA Executive Chairman Chowdhury Ashiq Mahmud Bin Haroon emphasized on improving services for investors. He said, 'Ensuring quality services for investors is our highest priority. With the OSS platform, we aim to make the service delivery process more efficient. Our long-term plan includes setting up a single entry point, enabling investors to access services from all IPAs using a single ID.'
Nuruddin Md. Chadek Hossain said, 'Southeast Bank Plc is committed to providing world-class financial services to local and foreign investors by harnessing the huge potential of Bangladesh's economy. He expressed his gratitude to the BIDA authorities for giving him the opportunity to be a partner in this endeavour.'
Executive Chairman of BIDA and BEZA Chowdhury Ashiq Mahmud Bin Haroon, Deputy Managing Director of Southeast Bank Plc Abidur Rahman Chowdhury and senior officials of both institutions were present in the event.
