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Mercantile Bank, AB Bank sign drawing arrangement deal
FE Report
1/23/2006
Mercantile Bank Limited and Arab Bangladesh Bank Limited recently signed a Drawing Arrangement Agreement to facilitate remittance and cash payment between the two banks for mutual benefits.
Mercantile Bank Limited Managing Director and CEO Shah Md Nurul Alam and AB Bank Limited President and Managing Director Kaiser A Chowdhury signed the agreement on behalf of their respective banks.
Speaking on the occasion, the managing director and CEO of Mercantile Bank said that the agreement would result in increased flow of remittance from abroad due to secured and quick delivery of funds to the beneficiaries' doorstep in any corner of Bangladesh through Mercantile Bank Limited.
Speaking on the occasion, the president and managing director of AB Bank Limited said hat both the institutions would benefit from it in future.
Senior Officials of both the organisations were also present at the signing ceremony.
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