Prime Bank signs payroll banking deal with Progressive Life

Prime Bank PLC has recently signed a payroll banking agreement with Progressive Life Insurance Company Limited dedicated to ensuring a future of its policyholders.

M Nazeem A Choudhury, deputy managing director of Prime Bank PLC, and Zakariya Ahad, former chairman and sponsor director of Progressive Life Insurance Company Limited, signed the agreement at the bank's head office in the capital's Gulshan, according to a press release.

Under the agreement, Prime Bank will provide a modern, secure, and convenient payroll management system for the employees of Progressive Life Insurance Company Limited.

This strategic partnership is expected not only to enhance the employee experience but also to open avenues for future collaboration between the two organisations.

Mamur Ahmed, senior executive vice-president and head of distributions; Hasina Ferdous, head of payroll banking; and Dhiman Barman, relationship officer, attended the event.

Mohammad Saidul Amin, managing director of Progressive Life Insurance; Abdullah Al-Mansur, senior executive vice-president and company secretary; Md Gaziur Rahman Bakhtiar, executive vice-president and head of human resources division; Shakhawat Hossain, chief financial officer; and Alima Akter Khanam, senior executive officer, along with other senior officials from both organisations, were also present.