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
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.