Md Ehsan Khasru, managing director of Prime Bank exchanges document with Md Emranul Huq Chowdhury, executive director and CEO of Uddipan after signing a deal at the Bank’s head office in the city recently.

Prime Bank Limited has formed a strategic alliance with Uddipan, a micro finance institution (MFI), to channel remittance to the outlets of Uddipan in rural areas.

Md Ehsan Khasru, managing director of Prime Bank and Md Emranul Huq Chowdhury, executive director and CEO of Uddipan signed the deal on behalf of their respective organisations at the Bank’s head office in the city recently, said a press release.

The deal will facilitate the beneficiaries of remote locations of Bangladesh for receiving remittances from 210 outlets of Uddipan, sent through the fully owned subsidiaries of Prime Bank in Singapore and UK, Western Union Money Transfer and other 30 exchange companies of different countries having remittance arrangement with Prime Bank, the news release said.

Executive Director of Credit and Development Forum (CDF) Md Abdul Awal was present during the deal signing function.

The Daily Sun/Bangladesh/ 19th Jan 2012