FE Report

BRAC Bank Limited and Katalyst recently signed a memorandum of understanding (MoU) to work together for development of the small and medium enterprises (SME).

BRAC Bank Managing Director and Chief Executive Officer (CEO) AEA Muhaimen and Katalyst General Manager James Blewett signed the MoU on behalf of their respective organisations.

Also present in the signing ceremony were BRAC Bank Deputy Managing Director (DMD) Syed Mahbubur Rahman, acting head of SME Banking Syed Moinuddin Ahmed, acting head of Corporate Affairs Abedur Rahman Sikder, and Katalyst Manager (Industry and Rural Sectors Division) Rajiv Pradhan along with senior officials of both the organisations.

Under the MoU, BRAC Bank and Katalyst will share expertise in connection with development of health safety environment issues for SME sector having prior agreement among working committee members.

Katalyst will extend technical assistance to BRAC Bank's Corporate Social Responsibility (CSR) activities by undertaking some special initiatives that would incorporate better working conditions of the borrowers.