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AB Bank signs electronic fund transfer deal with US co

Monday, 17 September 2007


FE Report
AB Bank Ltd has recently signed an electronic fund transfer (EFT) agreement with Ria Financial Services, a US-based money transfer company.
Ria Financial Services is the third largest money transfer company in the world having a network of over 11000 agents and 100 retails worldwide.
It mainly operates in 48 states of the US, Canada, Europe, Asia, Australia and the Dominican Republic.
This new service will provide the expatriate Bangladeshis around the world with a hassle-free remittance transfer facility at a lower cost.
President and Managing Director (MD) of AB Bank Ltd Kaiser A Chowdhury and President and Chief Executive Officer (CEO) of Ria Financial Services Juan Bianchi signed the EFT agreement on behalf of their respective organisations at the head office of AB Bank in the city.