BRAC Bank has entered into a strategic agreement with Nippon Paint Bangladesh to provide advanced transaction banking solutions, aiming to modernise and streamline the company’s financial operations. The collaboration seeks to enhance Nippon Paint’s receivables management, improve operational efficiency, and ensure greater transparency across its dealer and distributor networks.
Under the terms of the agreement, Nippon Paint will integrate its systems with BRAC Bank’s digital transaction banking platform, Corponet, via an Application Programming Interface (API). This integration will allow real-time visibility of funds collected from over 200 distributors directly into Nippon Paint’s Enterprise Resource Planning (ERP) system. As a result, the company will benefit from improved cash flow monitoring, simplified reconciliation processes, and strengthened financial control across its distribution network.
The agreement was formally signed on 14 January 2026 at BRAC Bank’s head office. The signing ceremony was attended by senior representatives from both organisations. BRAC Bank’s delegation included Mohammad Shaheen Iqbal, CFA, Deputy Managing Director and Head of Wholesale Banking; Asif Bin Idris, Deputy Managing Director and Head of Corporate, Commercial, and Institutional Banking; A.K.M. Faisal Halim, Head of Transaction Banking; and S.M. Musa, Area Head of Relationship Unit. Nippon Paint was represented by Rajesh Sircar, General Manager, Salah Uddin, Senior Manager, and other senior officials.
The partnership demonstrates BRAC Bank’s commitment to empowering corporate clients through technology-driven transaction banking solutions. By providing digital, automated, and secure financial tools, the bank aims to help clients achieve higher operational efficiency, increased transparency, and greater confidence in their financial processes.
Key Highlights of the BRAC-Nippon Paint Collaboration:
| Aspect | Details |
|---|---|
| Agreement Signed | 14 January 2026 |
| Venue | BRAC Bank Head Office |
| Number of Distributors Covered | 200+ |
| Technology Used | API Integration, Corponet, ERP System |
| BRAC Bank Representatives | Mohammad Shaheen Iqbal, Asif Bin Idris, A.K.M. Faisal Halim, S.M. Musa |
| Nippon Paint Representatives | Rajesh Sircar, Salah Uddin, Senior Management Team |
This initiative represents a significant step forward in corporate banking in Bangladesh, highlighting how innovative digital banking solutions can optimise receivables management and overall business performance. Through this collaboration, Nippon Paint will gain a more transparent and real-time overview of its financial flows, while BRAC Bank reinforces its position as a reliable financial partner committed to supporting sustainable corporate growth.
By leveraging advanced transaction banking services, Nippon Paint and BRAC Bank are setting a benchmark for the adoption of technology-driven financial solutions in the country’s corporate sector.