Meezan Bank and Amreli Steels Limited have joined hands to streamline collections for the latter. Under this transaction banking agreement, Meezan Bank, through the provision of its state-of-the-art online banking solution, named eBiz+, will enable Amreli Steels to fully automate its dealers collections. The agreement was signed by Meezan Bank’s Head of Transaction Banking, M. Saqib Ashraf and Amreli Steels Limited’s Financial Controller, Taha Umer, said press release.
The partnership will further create value for Amreli Steels by serving as an end-to-end transaction banking solution delivering standardized reporting, greater safety and efficiency. Also present at the occasion were Senior Executives of both organizations including Meezan Bank’s Group Head, Corporate & Institutional Banking, Abdullah Ahmed and its General Manager South, Corporate and Institutional Banking, Amanullah Shaikh. Chief Executive Officer, Amreli Steels Limited Shayan Akberali and Chief Finance Officer and Chief Operating Officer of Amreli Steels Limited, Fazal Ahmed.
Abdullah Ahmed, on the occasion, said, “It is a pleasure to on-board Amreli Steels as a transaction banking customer. Meezan Bank has always been a futuristic institution that aims to create even more attractive offerings to facilitate its customers. Shayan Akberali also commended the bank for successfully launching cash management services and bringing forth operational efficiency in their collections process.