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Mutual Trust Bank, Qatar money exchange co sign remittance deal

Thursday, 13 September 2007


FE Report
Mutual Trust Bank Ltd (MTBL) and Trust Exchange WLL, Doha have signed a remittance agreement in Qatar recently.
MTBL's Managing Director (MD) Kazi Md Shafiqur Rahman and General Manager (GM) of Trust Exchange WLL AV Bramma Rao signed the deal on behalf of the respective organisations.
Executive Consultant of the bank Mosharraf Hossain and Executive Vice-president AKM Shameem and officials of Trust Exchange WLL were present on the occasion.
Under the deal, Trust Exchange WLL will transfer the remittance of the earnings of the Bangladeshi people working in Qatar electronically to Bangladesh using a software named 'MTB Quick Money' as instant money transfer product of MTBL.
Since all the branches of MTBL are online, under the method the customers will receive their remitted money within the shortest possible time.
The officials of both the organisations have discussed the matters relating to taka drawing/foreign remittance arrangement and agreed to work together to prevent 'hundi' and facilitate quick remittance of the earnings of the Bangladeshi people working in Qatar.