IFIC Bank Signs MoU with Nagad to Expand Digital Savings and Loan Services

IFIC Bank PLC and Nagad Limited, a leading mobile financial services provider, have signed a Memorandum of Understanding (MoU) to explore opportunities for providing digital savings and loan services to customers, agents, distributors and merchants of Nagad.

The MoU signing ceremony was held on Monday, September 21, 2026, at IFIC Bank’s Head Office at Purana Paltan, Dhaka.

On behalf of IFIC Bank, the MoU was signed by Mr. Md. Monitur Rahman, Deputy Managing Director (DMD) and Chief Information Officer (CIO), and Mr. Helal Ahmed, Chief of Branch Business. From Nagad Limited, the agreement was signed by Mr. Mohummed Shahin Sarwar Bhuiyan, Chief Commercial Officer.

Managing Director of IFIC Bank, Mr Syed Mansur Mustafa, Administrator (BPO-Nagad) of Nagad Limited Md. Motasem Billah, along with senior officials from both organizations, were present at the signing ceremony.

Under the agreement, both organizations will explore the feasibility of offering IFIC Bank’s DPS and FDR services through the Nagad App and Nagad Agent App for Nagad customers and agents. The collaboration will also assess opportunities to provide various loan products and digital lending facilities of IFIC Bank through the Nagad platform.