The New Nation - Internet Edition

BUSINESS REPORT

Balaka Exchange Pte Ltd, Singapore, a wholly owned subsidiary of National Bank Limited has recently signed a remittance agreement with Islami Bank Bangladesh Limited, a press release said.

The remittance agreement was signed to facilitate remittances by the Bangladeshi expatriates residing in Singapore through all the branches of Islami Bank Bangladesh Limited by TT and EFT (electronic fund transfer) system to their near and dear ones in Bangladesh.

The ceremony was attended by Md Abdur Rahman Sarker, Managing Director, National Bank Limited, Capt Sohail Hasan, Director, Balaka Exchange Pte Ltd and Md Habibur Rahman, Deputy Executive President and Head of International Banking Wing and Md Siddiqur Rahman, Assistant Vice President and Head of Foreign Remittance Management Division, Islami Bank Bangladesh Limited.

Since its inception National Bank Limited has been providing remittance services to the expatriate Bangladeshis living all over the world and achieved remarkable position in the inflow of inward remittance to the country, among the private banks in Bangladesh, the press release further said.