IBBL, Al Ahalia sign instant cash arrangement deal
Thursday, 7 June 2007
FE Report
Islami Bank Bangladesh Limited (IBBL) and United Arab Emirates (UAE)-based Al Ahalia Money Exchange recently signed an agreement on instant cash arrangement to ensure the sending of hard-earned money of the Bangladeshi expatriates working in the UAE.
IBBL Deputy Executive President and Head of International Banking Wing Md Abdul Mannan and Al Ahalia Money Exchange Managing Director VS Gopal signed the agreement on behalf of their respective sides.
IBBL executive committee Chairman Mominul Islam Patwary and Al Ahalia Money Exchange General Manager VS Thampi were present, among others, in the signing ceremony.
The recipients will now receive the money sent by the expatriates within a short time from any branch of the bank by instant cash process.
With the introduction of online banking system within the IBBL branches through instant cash agreement, now it has become easier to credit the amount of remittance in the accounts of beneficiaries within a shorter period.
The bank has introduced the instant cash process with 21 foreign exchange houses including six in the UAE.
Islami Bank Bangladesh Limited (IBBL) and United Arab Emirates (UAE)-based Al Ahalia Money Exchange recently signed an agreement on instant cash arrangement to ensure the sending of hard-earned money of the Bangladeshi expatriates working in the UAE.
IBBL Deputy Executive President and Head of International Banking Wing Md Abdul Mannan and Al Ahalia Money Exchange Managing Director VS Gopal signed the agreement on behalf of their respective sides.
IBBL executive committee Chairman Mominul Islam Patwary and Al Ahalia Money Exchange General Manager VS Thampi were present, among others, in the signing ceremony.
The recipients will now receive the money sent by the expatriates within a short time from any branch of the bank by instant cash process.
With the introduction of online banking system within the IBBL branches through instant cash agreement, now it has become easier to credit the amount of remittance in the accounts of beneficiaries within a shorter period.
The bank has introduced the instant cash process with 21 foreign exchange houses including six in the UAE.