Citizens Bank PLC has formalised a strategic partnership with the Bangladesh Rural Electrification Board (BREB) to facilitate the collection of electricity bills across the country. The agreement was signed at the BREB Head Office in Nikunja-2, Dhaka, marking a significant step towards streamlining payment services for rural electricity consumers.
The signing ceremony was attended by prominent officials from both organisations, including Mr. Alamgir Hossain, Managing Director of Citizens Bank PLC, and Dr. Najmus Sayadat, Member (Finance) of BREB, who witnessed the formalisation of the agreement.
The agreement itself was executed by Mr. Md. Mostafizur Rahman, Deputy Managing Director of Citizens Bank PLC, and Mr. Md. Masud Parvez, Director (Finance), Directorate of Financial Monitoring (Northern Region) of BREB, representing their respective institutions. Additional senior officials present included Mr. Md. Abdul Latif, Deputy Managing Director of Citizens Bank PLC, and Mr. Md. Idris, Controller, Finance & Accounts of BREB, alongside other key personnel from both organisations.
Under this collaboration, Citizens Bank PLC will leverage its extensive network of branches and sub-branches to collect electricity bills on behalf of the Palli Bidyut Samities operating under BREB. The initiative aims to enhance convenience for consumers, reduce transaction times, and promote efficiency in rural electricity management.
Officials from both sides emphasised that this partnership will strengthen the accessibility of financial services in rural areas, allowing consumers to settle electricity payments without the need to travel long distances to BREB offices. Citizens Bank’s nationwide presence ensures that residents in remote locations can now benefit from a more integrated and user-friendly payment system.
The following table summarises the key details of the agreement:
| Aspect | Details |
|---|---|
| Participating Organisations | Citizens Bank PLC, Bangladesh Rural Electrification Board |
| Agreement Type | Electricity bill collection facilitation |
| Coverage | All branches and sub-branches of Citizens Bank across Bangladesh |
| Beneficiaries | Palli Bidyut Samities and their rural electricity consumers |
| Key Signatories | Mr. Md. Mostafizur Rahman (Citizens Bank PLC), Mr. Md. Masud Parvez (BREB) |
| Witnesses | Mr. Alamgir Hossain (MD, Citizens Bank), Dr. Najmus Sayadat (Member Finance, BREB) |
With this initiative, Citizens Bank PLC reinforces its commitment to supporting national infrastructure services while expanding its role in community-focused financial operations. BREB, in turn, anticipates improved efficiency and transparency in bill collection across its rural network.