Eastern Bank Limited (EBL) and Sonali Bank Limited recently signed an agreement on draft drawing.

Under the agreement, EBL will disburse remittance to the beneficiaries as Demand Draft (DD) through the branches of Sonali Bank Limited to expedite payments to urban and rural areas of the country.

S. M. Akhtaruzzaman Chowdhury, head of Operations of EBL and Nawsher Ali Khandoker, General Manager of Sonali Bank, signed the agreement on behalf of their respective banks, said a press release.

EBL Managing Director and CEO Ali Reza Iftekhar and Sonali Bank Managing Director and CEO Md. Humayun Kabir were also present at the signing ceremony.

EBL Deputy Managing Directors-- M. Fakhrul Alam and Muklesur Rahman, Area Head of Corporate Banking--Syed Rafiqul Haq, Head of ID Md. Obaidul Islam, Sonali Bank Deputy General Manager Sheikh Altaf Hossain along with other senior executives of both the banks also attended the ceremony.

News:Daily Sun/ Bangladesh/ May-19-2011