The New Nation - Internet Edition

Business Desk

Three private commercial banks of the country have signed agreements with their counterparts in the Gulf country Bahrain for channeling its expatriates' remittances through Bahrain's companies.

Bangladesh is participating in the "Bahrain Autumn Fair-2008" at Bahrain International Exhibition and Convention Center in Manama.

Three commercial banks, two life insurance companies and one housing company are showcasing their service-oriented products in the nine-day annual trade show that started on January 22 and will close on January 30, local media reported quoting a message received in Dhaka Saturday.

A total of 31 countries are participating in the fair, where the "huge market potential of Bangladeshi products and services has been found," the message said.

Up until January 24, Pubali Bank Limited has so far already finalised deals with Zain Exchange and Bahrain Exchange Company and Mutual Trust Bank Limited finalised deal with ICIC Bank for remittance earning through banking channel. Prime Bank Limited has finalised a deal with two leading Bahrain exchange companies. They will sign agreements after arrival of their Deputy Managing Director Ruhul Quddus Md Forkan in Bahrain, said Sk Matiur Rahman, Vice-President of Prime Bank Limited, at the fair stall.