The New Nation - Internet Edition

BUSINESS REPORT

An agreement on EL DORADO t. Remittance and Payment System was signed between BRAC Bank Limited and Bank Asia Limited on July 15, 2008. AEA Muhaimen, Managing Director and CEO of BRAC Bank and Syed Anisul Huq, President and Managing Director of Bank Asia signed the agreement on behalf of the respective banks.

Kaiser Tamiz Amin, Deputy Managing Director and COO of BRAC Bank Limited, Erfanuddin Ahmed, Deputy Managing Director and Head of Operations and Irteza Reza Chowdhury, Senior Executive Vice President of Bank Asia Limited were also present.

EL DORADO will enable customers to transfer money electronically within Bangladesh in the quickest possible way.

EL DORADO is being developed under the Remittances and Payments Challenges Fund (RPCF) jointly sponsored by DFID, UK and Bangladesh Bank.