Dhaka, Bangladesh (BBN)- Mutual Trust Bank (MTB) has signed two agreements with Grameenphone (GP) recently on trading of government securities and bills collection at MTB Centre in the capital Dhaka.
Under a deal, the GP will invest in government securities through MTB. The agreement will promote the secondary market for government securities in line with the objectives of the Ministry of Finance and Bangladesh Bank.
In another deal, MTB will arrange collection of bills through its 67 branches located across the country as well as its ATMs, Online Banking interface, SMS banking, etc, for GP's distributors and postpaid subscribers.
Raihan Shamsi, Deputy CEO and CFO of GrameenPhone and Secretary of the Board of Trustees, Tauhid Abdallah, Director and Member of the Trustees of Gratuity Fund of Grameenphone, and Ahsan-uz Zaman, Deputy Managing Director of MTB, signed the agreements on behalf of their respective organizations.
BBN/SSR/AD-10July11-12:32 pm (BST)