Eastern Bank PLC (EBL) has signed a partnership agreement with Nou Kollan Foundation Trading Company Limited (NKFTCL), a welfare enterprise of Nou Kollan Foundation of Bangladesh Navy, to work jointly on environmental sustainability and community support in the Bhashanchar coastal regions of Bangladesh.

Under the collaboration, the bank will provide Tk 38 lakh to plant trees, benefiting approximately 50,000 residents of the island, which will increase in the future by improving environmental sustainability and living conditions.

Osman Ershad Faiz, additional managing director and chief operating officer of EBL, handed over a cheque of Tk 38 lakh to Captain M Habib ul Alam, managing director of NKFTCL, to support the initiatives at a ceremony held at the navy headquarters in Dhaka today, said a press release.

Faiz said, "This partnership with NKFTCL for forestation on the coastal regions of Bhashanchar will go a long way in improving environmental sustainability and living conditions for its residents."

Among others, the Assistant Chief of Naval Staff (Personnel), and director of the NKFTCL, along with Ziaul Karim, head of communications and external affairs of the bank, Maj (retd) Md Abdus Salam, head of administration, Md Abdullah Al Mamun, company secretary, and Md Maskur Reza, head of business information systems, were also present.