Probashi Kallyan Bank signs deal with City Bank to bring remittance

Probashi Kallyan Bank (PKB) and City Bank Plc signed an agreement at the Ministry of Expatriates’ Welfare and Overseas Employment on Saturday.

Under the deal, 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, according to a press release issued on Sunday.

That way, they will also be able to repay their loan instalments 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, adviser to the Ministry of Expatriate Welfare and Foreign Employment.

Md. Mazibur Rahman, Managing Director, Probashi Kallyan Bank, and Mr. Mashrur Arefin, Managing Director and CEO, City Bank Plc, singed the agreement. Md. Ruhul Amin, Chairman of PKB and Secretary of the ministry, was present, among others.