The New Nation - Internet Edition

BUSINESS REPORT

National Bank Limited has recently signed a Memorandum of Understanding (MOU) with ASA (an NGO globally renowned for specialized micro finance institutions in Bangladesh, established in the year 1978) for disbursement of foreign remittance of the Bank through 3,400 locations of ASA under 64 administrative areas spreading all over Bangladesh, originating from different exchange houses, banks including Western Union and similar types of companies located abroad with whom NBL has drawing arrangement.

The Memorandum of Understanding (MoU) was signed by Shamsul Huda Khan, Executive Vice President & Head of International Division of National Bank Limited and Taufiqul Islam Chowdhury, Director(Accounts) of ASA.

Md Shafiqual Haque Chowdhury, founder and president of ASA, Professor Md Muinuddin Khan, Vice Chancellor of ASA University and Professor Mahbub Ahmed, Director, Md Abdur Rahman Sarker, Managing Director of National Bank Limited were also present on the occasion.

Signing of the MoU with ASA, will ease payment of remittance at the door steps of the beneficiaries in Bangladesh with speed and safety, since ASA is having a wide range of rural based location in the country.

Bangladeshi expatriates working abroad in different parts of the world will find it easier to remit their money to their near and dear ones in Bangladesh. This will also help Western Union and National Bank Limited to achieve remarkable level of inflow of inward remittance among their competitors in Bangladesh.