StanChart, Biman collaborate to open 'regional treasury centre'

Standard Chartered Bank has entered into a strategic partnership agreement with Biman Bangladesh Airlines, to establish the airline's first Regional Treasury Centre (RTC).

Md Shafiqur Rahman, managing director and CEO of the national flag carrier, and Naser Ezaz Bijoy, chief executive officer of Standard Chartered Bangladesh, signed the agreement at a ceremony held in Dhaka recently, according to a press release.

Commenting on the development, Rahman said, "The establishment of our first Regional Treasury Centre, in collaboration with Standard Chartered, marks a significant milestone in Biman's journey of financial modernisation. We look forward to deepening this strategic relationship as we continue to enhance our financial capabilities."

Naser Ezaz Bijoy added, "We are proud to partner with Biman Bangladesh Airlines in launching their first Regional Treasury Centre—an important step towards enhancing financial efficiency and resilience."

"At Standard Chartered, we are committed to delivering innovative, technology-driven solutions that leverage our unique global footprint to support the growth ambitions of national champions across borders," he continued.

This initiative represents a landmark achievement in Biman's financial transformation and underscores its dedication to operational excellence.

The RTC will centralise Biman's treasury operations across its international markets, enabled by Standard Chartered's Host-to-Host (H2H) solution. This cutting-edge platform will harness the bank's extensive global network and advanced technological capabilities.

With a presence in over 50 countries, Standard Chartered has long served as a trusted partner to Biman in global liquidity management and payment processing. The H2H solution offers a fully automated, near real-time system that streamlines payments and reconciliation, reduces manual intervention, enhances operational efficiency, and mitigates risk.