Probashi Kallyan Bank and City Bank Plc signed an agreement at the Ministry of Expatriates’ Welfare and Overseas Employment on Saturday, said a press release on Sunday.
The agreement signing ceremony was chaired by Asif Nazrul, advisor, Ministry of Expatriate Welfare and Foreign Employment.
Md Mazibur Rahman, managing director of Probashi Kallyan Bank, and Mashrur Arefin, managing director and CEO of City Bank Plc singed the agreement.
Under this agreement, the workers who have gone abroad with loans taken from PKB will now be able to send their remittances to PKB by using City Bank, and then withdraw the money in cash from the branches of PKB, the release said.
That way, they will also be able to repay their loan instalments at PKB more easily. The project in its second phase will see the workers sending their remittances directly to PKB through City Bank’s partner exchange companies abroad.