Prime Bank PLC has entered into a strategic partnership with Hazrat Shah Ali Mohila College through its dedicated educational banking platform, PrimeAcademia. The collaboration was formalised via a Memorandum of Understanding (MoU) aimed at delivering a sophisticated suite of financial services specifically engineered for the academic sector.
Scope of the Financial Partnership
The agreement introduces a comprehensive range of banking solutions designed to modernize the college’s administrative functions and provide financial flexibility to its stakeholders. Key components of the partnership include:
Institutional Management: The implementation of Automated Tuition Fee Collection to ensure seamless and transparent revenue management for the college.
Corporate Banking: The provision of Institutional Business Accounts and Payroll Banking services to facilitate efficient salary disbursements and corporate fund management.
Employee and Faculty Benefits: Access to tailored financial products, including customised loan facilities and exclusive savings accounts.
Parental Support: Priority credit card options and specialized banking services to assist parents in managing educational costs.
Key Signatories and Representatives
The MoU was signed by senior representatives from both the financial and educational institutions. The ceremony was also attended by executive leadership specialising in financial inclusion and women’s banking.
| Representative | Designation | Organisation |
| M. Nazeem A. Choudhury | Additional Managing Director | Prime Bank PLC |
| Rana Ferdous Ratna | Principal | Hazrat Shah Ali Mohila College |
| Shaila Abedin | SEVP & Head of Liability & Women Banking | Prime Bank PLC |
| M M Mahbub Hasan | SVP & Head of Financial Inclusion & School Banking | Prime Bank PLC |
Context of the PrimeAcademia Initiative
PrimeAcademia represents Prime Bank’s commitment to the education sector by providing a 360-degree banking ecosystem. By integrating Hazrat Shah Ali Mohila College into this framework, the bank aims to enhance the digital banking experience for both the institution’s management and its individual members.
The initiative focuses on financial inclusion, specifically targeting school banking and specialized services for women, as evidenced by the presence of the bank’s Head of Liability & Women Banking. This partnership is expected to reduce the administrative burden on college staff while providing a more secure and structured financial environment for the student body and their guardians. The agreement marks a significant step in the bank’s efforts to expand its footprint within the country’s educational infrastructure.