IBBL- Ria Money hands over bike to winners

Islami Bank-Ria Money Transfer Cash Remittance fiesta held motorcycle handover ceremony for the winners of Bogura zone on 22 March 2023, at Rural Development Academy (RDA) in Bogura, a press release said Friday. Muhammad Qaisar Ali, AMD of the bank, handed over the motorcycles to Tanjila Khatun, Mst. Morjina Bibi,

BRAC Bank, DBS Bank reaffirm mutual cooperation

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

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

On the occasion of the holy Eid-ul-Fitr, the amount of remittances received through bKash has increased almost double, said a press release. In addition, receivers can cash out the money at any time from any nearby agent point instead of going to the bank and thus, save the cost of traveling

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