BRAC Bank has partnered with Samuda Edible Oil Ltd to strengthen the company’s cash management operations through digital collection and payment solutions.
Through the partnership, Samuda Edible Oil will use BRAC Bank’s Virtual Account Management (VAM) solution to facilitate collections and automate reconciliation. The solution will enable greater visibility over incoming funds, reduce manual reconciliation and support faster processing of customer orders.
Samuda Edible Oil will also use BRAC Bank’s corporate digital banking platform, CORPNET, to initiate domestic payments electronically, including utility and statutory payments. The platform will enable the company to manage its day-to-day payment requirements through a secure digital channel.
Md. Asif Bin Idrish, Deputy Managing Director and Head of Corporate, Commercial & Institutional Banking Division, BRAC Bank, said, “Our transaction banking solutions are designed to make everyday financial operations simpler and more efficient for businesses. We look forward to supporting Samuda Edible Oil with integrated digital collection and payment solutions.”
Mohammad Mustafa Haider, Managing Director, Samuda Edible Oil Ltd, said, “This partnership will help us streamline our collections and payments through greater automation and digital integration, supporting more efficient financial operations.”
BRAC Bank’s nationwide distribution network, comprising 195 branches, 117 sub-branches and 1,119 Agent Banking outlets, will further provide Samuda Edible Oil with access to banking services across the country, including beyond traditional banking hours and on public holidays.
The Transaction Banking Agreement was signed on 29 September 2026 at the head office of Samuda Edible Oil Ltd.
Mohammad Mustafa Haider, Managing Director, and Mohammad Akramuzzaman, FCMA, Chief Financial Officer, represented Samuda Edible Oil Ltd.