Holiday Post Report: Community Bank Bangladesh PLC. has introduced a new facility on its digital banking platform, Community Cash, enabling customers to apply for opening Beneficiary Owner (BO) accounts directly through the app.

The new facility is expected to make the process of accessing investment opportunities in Bangladesh’s capital market more convenient, faster and easier for the bank’s customers.

Under the new digital service, Community Bank customers can initiate their application for opening a BO account through the Community Cash app. Community Bank Investment Limited (CBIL), a wholly owned subsidiary of Community Bank Bangladesh PLC., will subsequently facilitate the BO account opening process. CBIL is engaged in the bank’s investment banking and capital market-related activities.

By bringing banking and investment-related services together through a digital platform, the initiative is aimed at making the entry process into the capital market more accessible for customers. Those interested in investing in the capital market will be able to initiate the BO account opening process through the Community Cash app with greater ease and convenience.

The new feature was formally inaugurated by Mohammed Emtiaz Uddin, Managing Director of Community Bank Bangladesh PLC. and Director of Community Bank Investment Limited. Senior officials of Community Bank Bangladesh PLC. and Community Bank Investment Limited were present at the occasion.