EBL Signs Payroll Banking Deal With BFSA

Eastern Bank PLC (EBL) has signed a payroll banking agreement with the Bangladesh Foreign Service Association (BFSA) to provide exclusive financial services for foreign service officers.  

Under this agreement, BFSA members will gain access to dual-currency debit cards for seamless international transactions, customized loan facilities, and other value-added financial solutions.  

The agreement was signed by Ali Reza Iftekhar, Managing Director and CEO of EBL, and Dr. Muhammad Nazrul Islam, President of BFSA, on behalf of their respective organizations.  

Dr. Muhammad Nazrul Islam highlighted that this partnership builds on a longstanding relationship since 2018, when EBL and BFSA launched a co-brand credit card.

he said, “With today’s signing, our collaboration reaches new heights, offering exclusive payroll banking services and a diverse range of financial solutions,” . He also praised EBL for being the first Bangladeshi bank rated by international agency Moody’s, recognized for its ethical banking and corporate governance.  

Ali Reza Iftekhar emphasized EBL’s commitment to providing innovative financial solutions tailored for foreign service professionals. “We are proud to collaborate with BFSA to deliver seamless and world-class banking services,” he stated.

The signing ceremony was attended by BFSA senior officials, executive committee members, and key EBL executives, including DMD and Head of Retail and SME Banking M. Khorshed Anowar, Head of Business Syed Zulkar Nayen, Head of Communications and External Affairs Ziaul Karim, and Head of Payroll Banking Trisha Taklim.