The New Nation - Internet Edition

BUSINESS REPORT

An agreement of remittance arrangement was signed recently between Islami Bank Bangladesh Limited and MoneyGram Payment Systems, Inc. USA.

Md Habibur Rahman, Deputy Managing Director and Head of International Banking Wing of IBBL and Ms Carolyn J. Anderson, Vice President of MoneyGram Payment Systems Inc., USA signed the agreement on behalf of their respective sides.

As a result of this agreement, Bangladeshi expatriates from 180 countries of the world can remit their money at lower cost within 10 minutes through MoneyGram from their 156,000 agent offices/locations.

Islami Bank Bangladesh Limited has by now signed remittance agreement with 79 banks and exchange houses of the world, including the USA.

Through different modernized technologies along with larger banking channel and internet facility of IBBL now ensures the reception of money sent by the expatriates to the recipients in a shorter period than before.