A Memorandum of Understanding (MoU) was signed between Midland Bank PLC. and BP Manufacturing (BD) Co. Ltd. at the latter’s Headquarter located in Uttara EPZ in Nilphamari on November 13, 2024 regarding online Cash Management solution of MDB “Midland Cash Management (MCM)” application.

BP Manufacturing (BD) Co. Ltd. is the concern of Sonic Group. They are producing the most famous resin model car brand for the European market – GT Spirit and Otto mobile. Resin molds are made of vulcanized silicone, latex rubber, or other similar materials producing superior quality resin models from die-cast. Often the price segment of resin models is higher than die-cast. Moreover, IXO Models are made in Bangladesh by Sonic (BD) Ltd.

Mr. Muhammad Majidul Haq Patwary, Vice President and Head of Unit 05, Institutional Banking Division of Midland Bank and Mr. Wong Chi Yu Benjamin, Chairman, BP Manufacturing (BD) Co. Ltd. signed the MoU on behalf of their respective organizations.

Under the MoU, BP Manufacturing (BD) Co. Ltd will use the robust online Cash Management solution of MDB “Midland Cash Management (MCM)” application for conducting their daily business banking and cash management activities nationwide. Mr. Faruq Hossin Rasal, First Assistant Vice President, Institutional Banking Division of Midland Bank was also present along with other Executives and Officers from both organizations.