Eastern Bank PLC (EBL) recently signed a payroll banking agreement with SQ Group, a leading manufacturer of electrical products in Bangladesh.

M Khorshed Anowar, deputy managing director and head of retail and SME banking at the bank, and AZM Monjurul Quader, chairman of SQ Electricals Limited, a concern of SQ Group, signed the agreement at the bank's head office in Dhaka, according to a press release.

Under the agreement, employees of SQ Group will enjoy a range of EBL-exclusive banking services, including the privilege of accessing dual-currency debit cards, which offer greater convenience for international transactions.

They will also benefit from a variety of loan options tailored to meet their financial needs, along with a comprehensive selection of other banking perks designed to enhance their financial well-being.

Syed Zulkar Nayen, head of business at the bank, and Trisha Taklim, head of payroll banking, were present.

Abdullah Al Masum, director of sales and marketing at SQ Group, Golam Samdani, director of trading and planning, and Mohammod Mamunur Rashid Chowdhury, chief finance officer, along with other senior officials from both organisations, were also present.