The Probashi Kallyan Bank (PKB) has been enlisted as a scheduled bank with effect from July 30, according to a circular issued by the Bangladesh Bank (BB).
PKB has been enlisted as a scheduled bank by the central bank as per section 37 (2)(a) of Bangladesh Bank order, 1972.
PKB started its journey in April 2011 with a view to providing collateral-free loans to overseas job seekers.
It also provides loans for the rehabilitation of expatriate workers on their return home so that they can be engaged in income-generating activities.
Of the bank's total paid-up capital of 4.0 billion, Tk 3.80 billion was provided by the Wage Earners' Welfare Board (WEWB) and Tk 200 million by the Ministry of Finance.
Currently, PKB has 63 branches across the country.
© 2017 - All Rights with The Financial Express