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Southeast Bank managing director Nuruddin Md Sadeque Hossain and Nexus Sweater Industries managing director Rashid Ahmed Hossaini hold documets after signing the agreement in the city recently. | Press release

Southeast Bank PLC has signed a memorandum of understanding recently with NEXUS Group for providing workers’ wages and other banking services.

Under this agreement, Nexus Sweater Industries (Pvt) Ltd employees will receive their salaries and wages directly through Southeast Bank’s Payroll Banking (Baton Card) Service.


This will ensure secure, timely, and hassle-free salary transactions while offering access to a wide range of banking facilities, including ATM cash withdrawals, Point-of-Sale transactions, e-commerce payments, and fund transfers.

Nuruddin Md Sadeque Hossain, managing director of Southeast Bank PLC, and Rashid Ahmed Hossaini, managing director of Nexus Sweater Industries (Pvt) Ltd signed the agreement.

Sadeque Hossain said, ‘This partnership highlights our commitment to providing seamless banking solutions that enhance financial efficiency and employee satisfaction of the client company.’

Abidur Rahman Chowdhury and Masum Uddin Khan, deputy managing directors of Southeast Bank PLC, and other high officials of both organisations were also present at the ceremony.