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International Division
International Division deals with jobs relating to bank's foreign exchange operations, correspondent banking arrangement, foreign remittance, NOSTRO Accounts management, F. Ex. Reconciliation, OBU Support Service, EDF Service, investment line arrangement and relationship with BAFEDA, Bangladesh Bank and ICC on F. Ex. and international trade issues.

The division also deals with job relating to A.D. License and other approval from Bangladesh Bank. It issues Circulars/Circular letters/Instructions of Bangladesh Bank and other regulators. It makes arrangements with local Banks and Financial Institutions on foreign exchange business. It initiates and manages foreign remittance arrangements to ensure more inflow of foreign exchange. The Division also ensures delivery of annual trade services and correspondent banking plans.

With a view to maintain affluent correspondence with all the countries that are related with our foreign exchange business, International Division has established proper and adequate corresponding channel with banks all over the world. The bank maintains 20 NOSTRO accounts in major international countries and with reputed international banks for the settlement of all foreign currency transactions of our customers. As part of its growth, International Division has been constantly developing and improving the affiliation with foreign correspondent banks on reciprocal basis.

International Division is in continuous effort to encourage expatriate Bangladeshis living abroad for remitting funds through banking channel. In this regard we have established remittance arrangements with reputed exchange houses/money transfer companies around the world. At present we have remittance drawing arrangements with 9 internationally reputed exchange houses spread all over the world for this service. The Division is continuously endeavoring to increase its remittance network and to connect new destinations in places of concentration of expatriate Bangladeshis. Besides, a Centralized Remittance Processing Unit (CRPU), equipped with skilled and experienced work team along with modern and sophisticated software, has been set up to improvise and monitor the remittance service.
Contact Details:
In-Charge Md. Akmal Hossain
Vice President
Regulatory Compliance Quazi Fazlul Karim
Senior Assistant Vice President
Institutional Banking & Remittance Management Group 01. Golam Kibria
Executive Officer
02. Ashim Sen Gupta
Senior Officer
Follow-up & Monitoring Group 01. Mostafa Motassem Billah
Senior Officer
02. Md. Akheruzzaman Sarker
Probationary Officer
03. Suraia Akhtar
Probationary Officer
Address International Division
Social Islami Bank Ltd.
Head Office, City Centre (Level: 19)
103, Motijheel Commercial Area
Dhaka-1000, Bangladesh.
IP Phone 88 09612001122 EXT 50201/ 50202
Tel 88 02 9562267
Email id@sibl-bd.com/ globalbusiness@sibl-bd.com
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