The New Nation - Internet Edition

BUSINESS REPORT

Premier Bank has officially initiated home and quick delivery service of foreign remittance through postal service as the most convenient way to reach the nation.

To this effect a deal has been signed with Bangladesh Post Office under remittance disbursement arrangement at Dak Bhaban, Dhaka.

In the signing ceremony, Khondker Fazle Rashid, Managing Director of Premier Bank and M Mobasherur Rahman, Director General of Bangladesh Post Office signed the deal on behalf of their respective organisations.

The ceremony also witnessed a good number of dignitaries from both sides. Dewan Anwarul Latif, SEVP & Head of Corporate Marketing, Shafiuddin Ahmed, SVP and Head of ID from Premier Bank and Rafia Shaheen Ahmad, Additional Director General (Supply and Inspection), AKM Rafiqul Alam, Additional Director General (Postal Service), AKM Shafiur Rahman, Additional Director General (Planning) from Bangladesh Post Office were present.

Under the arrangement Bangladesh Post Office will provide home delivery service to the beneficiaries of Premier Bank by means of three different modes of postal delivery system widely known as Traditional Money Order System, Electronic Money Order System and Electronic Fund Transfer (EFT). Accordingly, cash payment of foreign remittance will be home delivered or disbursed over counter by sophisticated electronic message routed through Bank's Head Office to destination post office branches. It is a magnificent effort from a 3rd generation bank to ensure advanced mechanism and state-of-the-art technology in settling banking transaction.

Most recently Premier Bank has introduced "Drooti" of its own software, cutting edge remittance software designed to meet the demand of 21st century through Real Time Online Banking.

This has significantly reduced the transit period of remittance moving around the world between foreign source and doorway of beneficiaries in Bangladesh.