Padma Bank ranks 28th in remittance collection, it says

Business Desk | Published: 00:00, Oct 14,2019


Padma Bank has ranked 28th among the 57 remittance receiving banks in the country in September, said the bank in a press release on Sunday.

The Bangladesh Bank has made the tabulation based on the amount of remittances the local banks received in September this year, it said.

 Padma Bank has topped the list among the fourth generation banks after signing a number of foreign exchange agreements with well-known companies and exchange houses around the world, it said. After the re-launch of remittance business in August, the bank has already signed eight remittance deals with international companies and exchange houses.

 The bank is scheduled to sign nine more deals within the next few weeks, it said.

The bank’s innovative new saving account for Bangladeshi expatriates and beneficiaries known as ‘Probashi Excel Account’ has managed to gain much popular among the Bangladeshi diaspora in Bahrain, Dubai, Jordan, Malaysia and the United Kingdom, said the release.

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