Midland Bank, Placid NK to offer remittance services

Midland Bank Ltd recently signed an agreement with Placid NK Corporation, a global money transfer company, to establish remittance drawing arrangements fostering seamless and secure cross-border fund transfers.

Md Ahsan-uz-Zaman, managing director and CEO of the bank, and Mohammed Rashid, director of the money transfer company, inked the deal at the bank's head office in Gulshan, said a press release.

Under the deal, the bank will be able to disburse remittances from its branches and agent banking centres sourced through this global money transfer company.

Among others, Khondkar Towfique Hossain, head of international division of the bank, Nazmul Ahsan, head of treasury division, Nafisa Chowdhury, head of NRB banking unit, and Faroque Helaly, Bangladesh country head of the money transfer company, were present.