Mercantile Bank strikes cash management deal with Esquire Electronics

Mercantile Bank PLC has signed a cash management agreement with Esquire Electronics Limited, an electrical and electronic manufacturing company in Bangladesh.

Md Zahid Hossain, deputy managing director and chief business officer of Mercantile Bank PLC, and Arifur Rahman, managing director of Esquire Electronics Limited, signed the agreement at the bank's head office in Dhaka recently, according to a press release.

Mati Ul Hasan, managing director of the bank, attended the signing ceremony as the chief guest.

Under the agreement, Mercantile Bank will provide cash management services to Esquire Electronics and its customers through the bank's branches, sub-branches, agent outlets, mobile banking app Rainbow, and mobile financial service MyCash.

All outlets of Esquire Electronics across the country will be able to avail the services conveniently.

Zakir Hossain and Ashim Kumar Saha, deputy managing directors of the bank; Mohammad Faruque Ahmmed, head of corporate banking; KM Anowarul Islam, head of corporate liability and cash management; Ashim Kumar Saha, head of retail banking; Darpan Kanti Roy, head of agent and mobile banking; and Al Mansur, manager of Tejgaon Gulshan Link Road Branch, were present at the event.

Abdullah-Al-Rashed, general manager (finance and accounts) of Esquire Electronics Limited; and Syed Rabiul Islam, senior manager (business development and showroom operations), along with other senior officials from both organisations, were also present.