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PKB to start bringing remittance in partnership with City Bank

Published : Monday, 9 September, 2024 at 12:00 AM  Count : 105
Business Desk
Probashi Kallyan Bank (PKB) and City Bank Plc signed an important agreement at the Ministry of Expatriates' Welfare and Overseas Employment on Saturday, says a press release. 

Under this, the workers who have gone abroad with loans taken from PKB will now be able to send their remittances to PKB by using City Bank as a vehicle, and then withdraw the money as cash from the branches of PKB. 

That way, they will also be able to repay their loan installments at PKB more easily. The project in its second phase will see the workers sending their remittances directly to PKB through City Bank's partner exchange companies abroad.

The agreement signing ceremony was chaired by Dr. Asif Nazrul, Advisor, Ministry of Expatriate Welfare and Foreign Employment.

Md. Mazibur Rahman, Managing Director, ProbashiKallyan Bank and Mashrur Arefin, Managing Director and CEO, City Bank Plc signed the agreement. 

Also present was Md Ruhul Amin, Chairman of PKB and Secretary of the ministry among others.



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