AB Bank PLC. has entered into a strategic partnership with Scholastica School through the signing of a Memorandum of Understanding (MoU), providing substantial educational benefits for the children of the bank’s permanent staff. Under the agreement, eligible students will receive up to 50% off admission fees, enabling easier access to one of the country’s leading educational institutions.
The MoU was officially signed by Mr. Reazul Islam, Acting Managing Director & CEO of AB Bank PLC., and Ms. Syeda Madiha Murshed, Managing Director of Scholastica School, in a formal ceremony attended by senior officials from both organisations. The partnership demonstrates a shared commitment to education, employee welfare, and community engagement.
Also present were Mr. Z M Babar Khan, Additional Managing Director of AB Bank, Mr. Mahadev Sarker Sumon FCA, Additional Managing Director of AB Bank, and Mr. Mohammad Shahidul Haque, Deputy General Manager of Scholastica School, along with other key officials from both institutions. The initiative is expected to support numerous families by providing affordable access to quality education for students of AB Bank employees.
Commenting on the collaboration, Mr. Islam stated, “This agreement reflects AB Bank’s ongoing commitment to the welfare of our employees and their families. We believe that facilitating quality education is a vital part of this mission.” Ms. Murshed added, “Scholastica is proud to join hands with AB Bank to support students and make education more accessible, while nurturing academic excellence.”
Summary of MoU Benefits
| Organisation | Representative(s) | Offer | Eligible Participants |
|---|---|---|---|
| AB Bank PLC. | Mr. Reazul Islam, Mr. Z M Babar Khan, Mr. Mahadev Sarker Sumon | Up to 50% discount on admission fees | Children of permanent AB Bank employees |
| Scholastica School | Ms. Syeda Madiha Murshed, Mr. Mohammad Shahidul Haque | Quality education with financial support | Enrolled students under AB Bank programme |
The collaboration forms part of AB Bank’s wider employee welfare and development programme, which seeks to provide both professional and personal support to staff and their families. By facilitating access to quality education, the bank strengthens its long-term commitment to employee well-being and community development, reinforcing the importance of education as a cornerstone of social progress.