United Commercial Bank PLC (UCB) has officially entered into a Memorandum of Understanding (MOU) with Titas Gas Transmission & Distribution Co Ltd, as part of collaboration between the two organizations.

According to UCB, under the terms of the agreement, employees of Titas Gas T & D Co. Ltd will benefit from an exclusive corporate executive package through UCB's payroll banking solutions.

The MOU signing ceremony took place at the Titas Head Office in Dhaka on Tuesday, in the presence of officials of both the entities.

Arif Quadri, Managing Director & CEO of UCB, and Engr. Md. Haronur Rashid Mullah, Managing Director of Titas Gas T & D Co. Ltd, were present on the occasion.

Mohammad Shafiqur Rahman, SEVP & Head of Retail Business Division of UCB, and Md Lutful Hyder Masum, Secretary & General Manager of Titas Gas T & D Co. Ltd, signed the agreement on behalf of their respective sides.

Top officials including A T M Tahmiduzzaman, Additional Managing Director, Md. Sekander-E-Azam, SEVP & Head of Transaction Banking Division, from UCB, and Ms. Arpana Islam, General Manager of Titas Gas T & D Co. Ltd, along with other senior executives, were also present at the event.

This partnership underscores UCB's commitment to providing innovative financial solutions and strengthening relationships with leading organizations in Bangladesh, said a press release.