The New Nation - Internet Edition

The Hong Kong & Shanghai Banking Corporation (HSBC) Limited in Bangladesh recently signed a correspondent banking agreement with the IFIC Bank Limited to expand HSBC's collection and payment channel across the country.

Mashiur Rahman, Managing Director of IFIC Bank and Steve Banner, Chief Executive Officer of HSBC Bangladesh signed the agreement on behalf of their respective organisations.

Mohammad Abdullah, Deputy Managing Director of IFIC Bank, S.M. Abdul Hamid, Executive Vice President Head of Finance & Accounts of IFIC Bank and Zahed Chowdhury, Division Head, Global Payments & Cash Management, Muhammad Shohiduzzaman, Division Head Institutional Banking & Securities Services of HSBC Bank, and other senior officials of the two banks were also present on the occasion. The agreement will facilitate transactions of the clients of HSBC Bangladesh through the branches of IFIC Bank Limited across the country.