MIDLAND BANK SIGNED LOAN AGREEMENT WITH AGROMUKAM BD LTD. FOR TK. 1.00 CRORE OF MDB STARTUP LOAN FACILITY

To support new technology driven business ideas, Midland Bank Limited (MDB) signed a Loan Agreement with startup business entiry Agromukam BD Limited for extending Tk. 1.00 Crore MDB Startup Loan facility. The business venture operates through their website agromukam.com. The startup venture is the first digital technology driven agri-ecommerce marketplace to connect farmers in Bangladesh to the best products, services and market opportunities. agromukam.com has emerged as the largest digital agri e-commerce platform in Bangladesh. It promises to spread its…

Midland Bank disbursed open loan directly to the farmers at 4% interest rate under Bangladesh Bank Refinancing Scheme in agricultural sector

Midland Bank Limited (MDB), under intermediary agreement with Society for Family Happiness and Prosperity (FHP), an NGO, disbursed loans directly to the farmers at 4% interest rate under Bangladesh Bank Refinancing Scheme in the Agricultural sector to ensure food safety initiative of the Country. The Bank, disbursed Tk. 27 lacs among 27 male and female farmers through an Open Loan Disbursement Ceremony held on January 03, 2024, at the conference hall of FHP, located at Bajitpur Thana, in Kishorgonj District.…

MIDLAND BANK ASSET MANAGEMENT COMPANY LIMITED GETS NEW CEO

Mr. Mohammad Saleh Ahmed joined Midland Bank Asset Management Company Limited (MDB AMC), the newly formed Subsidiary Company of Midland Bank as its Chief Executive Officer (CEO). Prior to taking over the new assignment, Mr. Saleh served in SHOFOL AMC & Alternative Venture Limited, as its CEO. Mr. Saleh, a seasoned investment professional has two decades of hands on extensive and versatile Asset Management experience including in-depth expertise in overall areas of Merchant Banking operation. Mr. Saleh completed his MBA from North South University of Dhaka. Mr. Saleh had made debut…

MIDLAND BANK AND VOLTECH BANGLADESH PRIVATE LIMITED SIGNED MOU

A Memorandum of Understanding (MoU) was signed between Midland Bank and Voltech Bangladesh Private Limited at the corporate head office of the Bank at Gulshan 2, Dhaka on 21.12.2023. Voltech Bangladesh Private Limited was established in 2018 to provide specialized services in Testing & Commissioning, Engineering, Erection Supervision, Civil Supervision, Preventive Maintenance and shutdown of all Power Plants, Substations and Process Plants at Bangladesh and sets the benchmark for the services. This is a global concern of Voltech Group based…

MIDLAND BANK AND G. R. Metal SIGNED MOU

A Memorandum of Understanding (MoU) was signed between Midland Bank and G. R. Metal at Midland Bank, Agrabad Branch, at As Salam Tower 1st Floor, 57, Agrabad C/A, Chittagong on Monday (November 27). Under the MoU, G. R Metal will use the robust online Cash Management solution of MDB “Midland Cash Management (MCM)” for conducting their daily business banking and cash management activities nationwide, according to a media release. Mohammed Abu Hena, Head of Unit-1, Institutional Banking Division, Chittagong of…

MIDLAND BANK AND BIPO SERVICE (BANGLADESH) LIMITED SIGNED MOU

A Memorandum of Understanding (MoU) was signed between Midland Bank and BIPOService (Bangladesh) Limited at the corporate head office of the Bank at Gulshan 2, Dhaka on 21.11.2023. Established in 2010 and headquartered in Singapore, BIPO Service is a global payroll and people solutions provider. Designed for businesses of any size from SMEs to MNCs, it’s total HR solutions include Human Capital Management solutions, Global Payroll Outsourcing and Employer of Record service across 150+ global markets. In Bangladesh, BIPO Service started its…

MIDLAND BANK DONATES BLANKETS TO PRIME MINISTER’S RELIEF FUND

As part of its Corporate Social Responsibility (CSR) Programme, Midland Bank Limited (MDB) donated BDT 15000 pcs of blankets to the “Prime Minister’s Relief Fund” for cold stricken poor people of the country. Mr. Rezaul Karim, Director and Chairman, Executive Committee and Mr. Ahsan Khan Chowdhury, Directors and Chairman, Risk Management Committee of Midland Bank, presented a token blanket to honourable Prime Minister of Peoples Republic of Bangladesh Sheikh Hasina, M.P. at a programme held on November 10, 2023 in…

MoU signed between Midland Bank and AMZ Hospital

Midland Bank Limited (MDB) signed a MoU with AMZ Hospital Limited, one of the famous specialized Hospital in Bangladesh, located at North Badda, Dhaka. Md. Rashed Akter, Head of Retail Distribution of MDB and Colonel Md. Arshaduzzaman Khan, PBGM (Retd), Advisor of AMZ Hospital signed the MoU on behalf of their respective organizations, in a simple ceremony held on November 01, 2023 at the Board Room of the Bank’s Head Office, located at Gulshan 2, Dhaka. Under this MoU, all…

1st EXTRAORDINARY GENERAL MEETING (EGM) OF MIDLAND BANK LIMITED HELD

The 1st Extraordinary General Meeting (EGM) of the shareholders of Midland Bank Limited (MDB) was held through digital platform on October 29, 2023. Mrs. Nilufer Zafarullah, Honourable Chairperson of the Board of Directors of the Bank, presided over the meeting. A number of general and institutional Shareholders of the Bank attended the EGM using the digital EGM platform. Directors, including Independent Directors, Sponsors, Auditors and Independent Scrutinizer were also presented in the main digital EGM platform. Md. Ahsan-uz Zaman, Managing…

MIDLAND BANK SIGNED PARTICIPATORY AGREEMENT WITH BANGLADESH BANK

Midland Bank Limited signed a Participation Agreement with Financial Sector Support and Strategic Planning Department (FSSSPD) of the Bangladesh Bank for availing refinance facility in US Dollars. The fund will be provided under “Bangladesh Bank – Long Term Financing Facility (BB-LTFF)” for facilitating long term financing for firms, mainly the export oriented manufacturing industries. Under this agreement, the exporters, enterprises and other manufacturing industries in the country may avail refinance funds for supporting their business. In presence of Nurun Nahar,…