Prime Bank Limited has recently signed a remittance distribution agreement with UDDIPAN, a Micro Finance Institution (MFI), in the form of Strategic Alliance for Remittance Services. Md. Ehsan Khasru, Managing Director of Prime Bank and Md. Emranul Huq Chowdhury, Executive Director & CEO of UDDIPAN signed and exchanged the agreement on behalf of their respective organizations at the Banks premises. Executive Director of Credit and Development Forum (CDF) Md. Abdul Awal was present at the moment.

Additional Managing Director of the Bank M. Reazul Karim, Head of International Division and SEVP-Habibur Rahman, SVPs-Hassanul Zahed, Sk. Matiur Rahman, and SAVP-Md. Abdul Quddus, and Sr. Assistant Director & CFO of UDDIPAN Diptimoy Barua were present on the occasion.

This arrangement will facilitate the beneficiaries of remote locations of Bangladesh for receiving remittances from 210 outlets of UDDIPAN, sent through the fully owned subsidiaries of Prime Bank in Singapore and UK, Western Union Money Transfer and other 30 exchange companies of different countries having remittance arrangement with Prime Bank Limited.

The beneficiaries living in remote locations of Bangladesh will be able to collect remittances sent by their dear ones through network of UDDIPAN all over the country. Introduction of information technology will improve the service standard bringing benefits to the doorsteps of beneficiaries in a secured and efficient manner encouraging remitters to prefer banking channels thereby raising overall inward foreign remittance in Bangladesh.