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MTB remittance deal with Lulu Int'l Exchange

Monday, 14 June 2010


Mutual Trust Bank Limited (MTB) has recently signed a remittance agreement with Lulu International Exchange at a simple ceremony in the city recently, said a press release.
Anis A Khan, managing director and CEO of MTB and Adeeb Ahamad, CEO of Lulu International Exchange signed the agreement on behalf of their respective organisations.
MTB deputy managing directors Md Hashem Chowdhury and Md Ahsan uz Zaman, Head of MTB NRB Division AKM Shameem, Head of Operations of LULU International Exchange Arshad Hamza and senior executives of both the organisations were also present on the occasion.
Under this agreement, Bangladeshi expatriates in the United Arab Emirates (UAE) will get opportunity to remit money from a number of locations in the UAE to Bangladesh. At the starting phase of the project, Lulu International Exchange's services would be available in more than 50 locations in Bangladesh. However, the plan will be expanded to over a larger number of locations across Bangladesh.