Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 295 Sat. March 26, 2005  
   
Business


Prime Bank signs deal on remittance with Saudi bank
Prime Bank recently signed an agreement with Arab National Bank (ANB) of Saudi Arabia.

Under the deal, ANB will provide Prime Bank with telemoney draft services, telemoney remittance and rush money facilities.

Rush money service will enable Prime Bank to receive and disburse remittance from non-resident Bangladeshis (NRBs) within the same day through its 36 branches, says a press release.

The services will facilitate and expedite transfer of remittance from Saudi Arabia, the source of the country's 41 percent remittance.