Bangladeshi Social Investment Bank Signs Deal With U.S. Money Transfer Firm

Dhaka, Bangladesh (AHN) - The Social Investment Bank Limited (SIBL), a private commercial bank, has signed a remittance agreement with U.S.-based money transfer company Placid NK Corporation, the bank said.

Under the agreement, Bangladeshi expatriates in the United States will be able to send their money home through the branches of the bank.

AMM Farhad, Executive Vice President and Head of Global Business Department of the bank, and Mohammed Haroun Rashid, Vice President at the group headquarters of Placid Express in USA, signed the deal recently, a senior official of the bank told AHN Media Corporation in the capital, Dhaka on Tuesday.

The SIBL is now running their businesses across the country through 24 branches, he added.