In a move aimed at enhancing financial wellbeing and convenience for hospitality sector employees, BRAC Bank PLC has entered into a strategic agreement with InterContinental Dhaka to provide comprehensive employee banking services. The partnership is expected to deliver a wide array of tailored financial solutions to the hotel’s workforce, reinforcing the growing importance of employer-supported banking in Bangladesh’s evolving financial landscape.
The agreement was formally signed at a ceremony held at InterContinental Dhaka, where senior representatives from both organisations were present. Md Mahiyul Islam, Deputy Managing Director and Head of Retail Banking at BRAC Bank, signed on behalf of the bank, while David Richard O’Hanlon, General Manager of the hotel, represented InterContinental Dhaka.
Under this agreement, employees of InterContinental Dhaka will gain access to a full suite of financial products and services designed to meet their day-to-day and long-term financial needs. These include salary accounts, multi-currency debit cards, credit cards, loan facilities, deposit pension schemes (DPS), fixed deposit (FD) services, and other exclusive features offered under BRAC Bank’s employee banking proposition.
Key Features of the Employee Banking Package
| Service Category | Key Offerings |
|---|---|
| Salary Management | Dedicated salary accounts with seamless transactions |
| Cards & Payments | Multi-currency debit cards and credit cards |
| Lending Facilities | সহজ and দ্রুত personal loans and financing options |
| Savings & Investment | DPS (Deposit Pension Scheme) and Fixed Deposit (FD) services |
| Financial Planning | Tailored advisory services for long-term financial security |
Speaking at the event, Md Mahiyul Islam emphasised that BRAC Bank’s employee banking solutions go far beyond basic transactional services. “Our employee banking proposition is carefully designed to empower individuals to manage their finances with confidence and foresight,” he said. “Through this partnership, the employees of InterContinental Dhaka will be able to access convenient credit facilities, structured savings options, and tools that support long-term financial planning.”
He further noted that such collaborations play a critical role in fostering financial inclusion and promoting responsible financial behaviour among salaried professionals. By integrating banking services with employment structures, institutions can ensure that employees have easier access to formal financial channels, reducing reliance on informal lending systems.
InterContinental Dhaka, widely recognised as the country’s first international five-star hotel, operates under the global hospitality group IHG Hotels & Resorts. The hotel boasts more than 200 rooms and suites, a variety of premium dining options, and a range of lifestyle and leisure facilities, making it a flagship destination in Bangladesh’s hospitality sector. This partnership reflects the hotel’s commitment to enhancing employee welfare and offering value-added benefits to its workforce.
On the other hand, BRAC Bank PLC has built a strong reputation in Bangladesh’s banking sector since its establishment in 2001, with a particular focus on financing small and medium-sized enterprises (SMEs). Over the years, the bank has expanded its footprint significantly and now operates a robust nationwide network.
BRAC Bank Operational Footprint
| Infrastructure Type | সংখ্যা (Approx.) |
|---|---|
| Branches | 189 |
| Sub-branches | 63 |
| ATMs | 330 |
| SME Unit Offices | 446 |
| Agent Banking Outlets | 1,114 |
| Workforce | 8,000+ |
| Customer Base | 1.8 million+ |
With more than 1.8 million customers, BRAC Bank has established itself as the country’s largest collateral-free SME lender. Its commitment to governance, transparency, and regulatory compliance has earned it a strong reputation within the financial sector.
Industry analysts suggest that such partnerships between financial institutions and corporate employers are becoming increasingly common in Bangladesh, as organisations seek to enhance employee satisfaction while banks expand their retail and payroll-based customer base. These collaborations not only streamline salary disbursement but also promote savings, investment, and responsible borrowing among employees.
In conclusion, the agreement between BRAC Bank and InterContinental Dhaka represents a mutually beneficial initiative that aligns corporate welfare with financial empowerment. By offering integrated and accessible banking services, the partnership is poised to contribute to improved financial literacy, security, and overall wellbeing among employees in Bangladesh’s premium hospitality sector.