BRAC Bank and Singapore’s DBS Bank have reaffirmed cooperation in international trade, remittance and financial services, a press release said Tuesday. The mutual partnership of the two banks received new impetus as their CEOs met in the city on February 27, 2023. Piyush Gupta, DBS CEO, paid a visit to
Tag: remittance
IBBL gets remittance award
Islami Bank Bangladesh Limited (IBBL) has achieved Remittance Award 2022 conferred by the Centre for Non Resident Bangladeshi (CNRB), a press release said Tuesday. Dr. Mashiur Rahman, economic advisor to Prime Minister, handed over the award to Muhammad Qaisar Ali, AMD of the bank, at a program organized by Centre
First Security Islami Exchange holds meet the clients program in Italy
First Security Islami Exchange, Italy S.R.L has organized a meet the clients program at Milan, Italy regarding providing of modern technology based remittance payment, a press release said Sunday. The program was organized by First Security Islami Exchange, Italy S.R.L with the participation of its agent and clients. Syed Waseque
SJIBL signs remittance deal with NEC Money Transfer
Shahjalal Islami Bank Ltd. signed a remittance drawing agreement with NEC Money Transfer Ltd. at the bank’s corporate head office on 25th October 2022, a press release said Wednesday. Managing Director & CEO of Shahjalal Islami Bank Mosleh Uddin Ahmed and the Director of NEC Money Transfer & Chairman of
Govt to continue 2.5pc incentives on inward remittance: Kamal
Finance Minister AHM Mustafa Kamal today said the government will continue the 2.5 per cent incentive on inward remittance in fiscal 2022-23. "In FY2020-2021, the growth of remittance stood at 36.10 per cent. However, since the very beginning of FY2021-2022, the income from remittances has slightly decreased. With a view to encouraging
BB reverts to floating exchange rate as remittances fall
Bangladesh Bank on Thursday withdrew the fixed exchange rate of US dollar for banks allowing the market to decide the rate based on demand and supply. The central bank on Thursday backtracked on its earlier decision after the remittance from expatriates marked a fall and exporters failed to convert their bills
Remittance surges through bKash ahead of Eid
BRAC Bank, tap sign remittance deal
BRAC Bank and Trust Axiata Pay (tap) have signed an agreement to enable tap to disburse remittance in Bangladesh, said a press release. Under the same automated system between BRAC Bank and tap, all KYC, Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and AML-CFT based screening for each remittance transaction
Highest remittance receiving freelancer gets smartphone from bkash in Ramadan
To encourage the freelancers to bring more remittance in real time from all over the world, bKash has brought offer to win smartphones every day for them. Every day one receiver having highest accumulated remittance from Pioneer to bKash will win a smartphone. Says in a press release. The offer will
How BRAC Bank strengthens its remittance network
Shamsul Arefin from Kishoreganj, working for a construction business in Penang, Malaysia, wanted to send some money home on the occasion of his sister’s wedding. Shamsul says: “I did dispatch the amount in time, but unfortunately, my family received the money after the wedding was over.” Thousands of Bangladesh’s migrant workers