City Bank signs deal with Idcol for digital cash management solutions

City Bank PLC recently signed a digital cash management agreement with Infrastructure Development Company Limited (Idcol).

Mohammad Mahbubur Rahman, additional managing director and chief financial officer of the bank, and Alamgir Morshed, executive director and CEO of Idcol, signed the agreement at the latter's head office in Dhaka, said a press release.

Under this agreement, City Bank will provide Idcol with a digital cash management solution.

Tahsin Haq, head of corporate and institutional liability of the bank, and SM Monirul Islam, deputy chief executive officer and chief financial officer of Idcol, along with other senior officials from both organisations, were also present.