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Southeast Bank managing director Nuruddin Md Sadeque Hossain and Sikder Insurance managing director and CEO Sk Abdur Rafique hold documents after signing a corporate agreement in the city recently. | Press release photo

Southeast Bank PLC recently signed a memorandum of understanding with Sikder Insurance Company Limited to provide banking services, including payroll banking service, corporate payment module, and other financial solutions.

Nuruddin Md Sadeque Hossain, managing director of Southeast Bank PLC, and Sk Abdur Rafique, managing director and chief executive officer of Sikder Insurance Company Limited, signed the agreement on behalf of their respective organisations.


This partnership is set to streamline the financial operations of Sikder Insurance Company Limited by ensuring efficient salary disbursement, automating corporate payments, and offering enhanced digital banking solutions.

Employees of Sikder Insurance Company Limited will now receive their salaries and other banking benefits through Southeast Bank PLC’s Payroll Banking Service.

On this occasion, Nuruddin Md Sadeque Hossain remarked, ‘Our collaboration reflects our commitment to offering innovative banking solutions that enhance operational efficiency and financial management for corporate clients. We look forward to a fruitful and long-term partnership.’

Masum Uddin Khan, deputy managing director of Southeast Bank and other high officials of both the organisations were also present at the ceremony.