BRAC Bank and Delegation of the European Union to Bangladesh (EU) has partnered together for Transaction Banking solutions to cater to Mission’s different banking needs in Bangladesh, said a press release.
The partnership will enable BRAC Bank to provide different banking solutions to the EU within the regulation of Bangladesh Bank.
BRAC Bank will provide Foreign Currency Account, Convertible, Non-Convertible, Current Account, and Provident Fund Account as per the requirement of EU for its regular banking transaction as and when required.
The release also mentioned that the bank will also offer CORPnet, a unique online payment platform for its corporate customers, to the EU which will enable the EU to make all kinds of local payments in Bangladeshi Taka through Internal Fund Transfer (within BRAC Bank), Electronic Fund Transfer (BEFTN network) and RTGS transfer.
Her Excellency, RensjeTeerink, said:”We are pleased to be associated with BRAC Bank, one of the most progressive financial institutions in Bangladesh that pioneered SME banking in the country and is the only member bank in Bangladesh of the ‘Global Alliance for banking on Values’. We hope that the partnership will support us in assuring inclusivity and sustainability in the activities of the EU delegation to Bangladesh.”
TareqRefatUllah Khan, DMD & Head of Corporate Banking, BRAC Bank Limited, said: “It’s a wonderful opportunity for BRAC Bank to facilitate banking services for the EU Delegation in Bangladesh. It surely is a testament to the superior quality of services offered by BRAC Bank.”
BRAC Bank will also provide Employee Banking services for the EU’s local and ex-pat employees and assign a designated branch for the EU delegation, through its North Gulshan Branch in Dhaka within banking hours.
