Prime Bank Completes Payroll and Cash Management Agreements with Quality Feeds

Prime Bank PLC has strengthened its corporate banking portfolio through the signing of two significant agreements with Quality Feeds Limited, one of the country’s leading agro-feed producers. The partnership will introduce a comprehensive suite of payroll banking and cash management services designed to improve financial convenience, operational efficiency, and digital integration for the company’s employees nationwide.

The agreements were formalised at Quality Feeds’ corporate headquarters in Dhaka, according to a press release issued by Prime Bank. The signing ceremony was attended by M Nazeem A Choudhury, Deputy Managing Director of Prime Bank; Md Basir Rahman, Director of Finance and Risk Management at Quality Feeds; and Md Safir Rahman, Director of Corporate and Human Resources. Senior officials from both organisations were also present, including Senior Executive Vice-President Mamur Ahmed from Prime Bank and Assistant Director of Finance Md Aminul Islam from Quality Feeds.

Under the new arrangement, employees of Quality Feeds will gain access to a wide array of preferential banking facilities. These include dual-currency debit cards, customised credit and loan products, and an extensive range of consumer banking services tailored to meet varying professional and personal needs. The partnership aims to enhance financial security and accessibility for thousands of employees, particularly those working in remote production and distribution zones.

A major component of the collaboration is the adoption of PrimePay, Prime Bank’s omni-channel digital transaction platform. PrimePay will enable Quality Feeds to streamline its domestic payments, manage payroll disbursements efficiently, and oversee nationwide sales collections via Prime Bank’s broad branch network. The digital integration will significantly reduce manual processing, minimise delays, and support the company’s transition towards fully automated financial operations.

Moreover, the partnership incorporates an enhanced Management Information System (MIS) for real-time reporting, seamless reconciliation, and improved audit trails. This feature is expected to bolster corporate governance standards by promoting transparency and operational discipline across Quality Feeds’ financial workflows.

Both organisations expressed optimism that the collaboration will pave the way for long-term strategic partnership, supporting Quality Feeds’ rapid expansion while reinforcing Prime Bank’s standing as a preferred banking partner for large corporates in Bangladesh.

Key Features of the Prime Bank–Quality Feeds Agreements

JD