Social Investment Bank Ltd. (SIBL) has tied up with Placid NK Corporation (d/b/a Placid Express) of USA to facilitate payments of expatriates’ home remittances in Bangladesh. Under the deal, Placid Express will send money of Bangladeshi expatriates to beneficiaries in Bangladesh through Social Investment Bank Ltd. Placid Express is a worldwide money transmission company headquartered in New York, USA.

Mr. Abdul Awal Patwary, Chairman, Board of Directors Mr. Kamaluddin Ahmed, Chairman, Board Audit Committee, Mr. K M Ashaduzzaman, Managing Director, Mr. Abu Sadek Md. Sohel, Deputy Managing Director of Social Investment Bank Ltd. and other senior executives from both the sides were present in the brief function.

Mr. A M M Farhad, Executive Vice President and head of Global Business Department of Social Investment Bank Ltd. and Mr. Mohammed Haroun Rashid, Vice President at the group head quarters of Placid Express in USA signed the agreement on behalf of their respective organizations.

With this agreement Social Investment Bank Ltd. moved one step ahead in extending remittance facilities to expatriate Bangladeshis.

Author: Mohammad Abdul Karim,AVP

Source: PRD,SIBLHO