AB Bank PLC. has formalised a strategic partnership with Scholastica School through a Memorandum of Understanding (MoU), offering significant educational benefits for the children of the bank’s permanent employees. Under the agreement, these students will be eligible for up to a 50% discount on admission fees when enrolling at Scholastica School.
The MoU was 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 ceremony attended by senior officials from both institutions. The collaboration reflects a mutual commitment to supporting education and fostering stronger community ties.
Also present at the signing event were Mr. Z M Babar Khan, Additional Managing Director, AB Bank, Mr. Mahadev Sarker Sumon FCA, Additional Managing Director, AB Bank, and Mr. Mohammad Shahidul Haque, Deputy General Manager of Scholastica School, alongside several other representatives. The partnership is expected to benefit numerous families, providing enhanced access to quality education while reinforcing the bank’s employee welfare initiatives.
“This agreement underscores AB Bank’s dedication not only to financial services but also to the well-being and development of our employees’ families,” said Mr. Islam. Ms. Murshed added, “Scholastica is delighted to partner with AB Bank in supporting educational opportunities for students, enabling them to receive an excellent education with reduced financial burden.”
Key Details of the MoU
| Institution | Representative(s) | Benefit Offered | Eligibility |
|---|---|---|---|
| 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 employee programme |
This initiative is part of AB Bank’s broader employee welfare strategy, which aims to enhance both professional and personal development for staff and their families. With this collaboration, the bank reaffirms its commitment to contributing to the education sector while fostering long-term community partnerships.