Bangladesh
Bank Governor Dr. Atiur Rahman inaugurates a remittance company of City
Bank at the CBL Money Transfer head office at Kulala Lumpur in Malaysia
recently
City Bank Limited opened a subsidiary company titled 'CBL
Money Transfer Sdn. Bhd.' in Malaysia with the approval of Bangladesh Bank and
the central bank of Malaysia.
A colorful launching event was held at the CBL Money
Transfer head office in Kulala Lumpur recently, said a press release.
Governor
of Bangladesh Bank Dr. Atiur Rahman launched the company as chief guest
while AKM Atiqur Rahman, Bangladesh High Commissioner attended the function as
special guest.
Mashrur Arefin, Deputy Managing Director and and CCO of City
Bank, Allah Malik Kazemi, Advisor to Governor for Bangladesh Bank, Rubel
Aziz, Chairman, Aziz Al Kaiser, Chairman of CBL Money Transfer and Director,
Deen Mohammed, former chairman and Director and K Mahmood Sattar, Managing
Director and CEO of City Bank attended the function.
CBL Money Transfer Sdn. Bhd is the 3rd Bangladeshi bank
owned Remittance Company in Malaysia.
The company has started its operation with two branches in
Kuala Lumpur and Malacca.
"There are currently some 500,000 to 800,000
Bangladeshi workers working in Malaysia and this number is increasing
progressively," Governor of Bangladesh Bank Dr Atiur Rahman said at the
opening.
Dr Atiur Rahman referred Malaysia as the fifth largest
remittance market for Bangladesh and also the third largest destination for
Bangladesh workers.
Rubel Aziz emphasised that CBL Money Transfer will provide
ease of communication for the Bangladesh workers here.
"The company will be able to open accounts in
Bangladesh via the remittance branches here," he said.
Aziz Al Kaiser said, "The company aiming to ensure
money is remitted via the proper channel and with full compliance."
News Source:Daily Sun Bangladesh
Dated:19-Sep-2013
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