 | EXIM Bank opens second exchange house in Canada
24 January, 2010
This exchange house, registered with Canadian regulator FINTRAC, is a compliant official money transfer channel to serve Bangladeshi expatriates working and living in Canada.
The Chairman of the bank Mr. Md. Nazrul Islam Mazumder inaugurated the exchange house at Danforth Road in Toronto. Yakub Ali, Bangladesh high commissioner in Canada was present as special guest on the occasion.
"EXIM ventures to explore this new and potential arena of remittance as a first Bangladeshi private bank. Following the launching of its second exchange house, our bank cherishes the vision of being a major force in the country's remittance influx eyeing upon countries with a large number of Bangladeshi expatriates," Managing Director of EXIM Bank Kazi Masihur Rahman told FE.
'Exim Exchange Company (Canada) Ltd' is a wholly-owned subsidiary of Exim Bank with a paid-up capital of Canadian dollar 600,000.00 after being incorporated in September of 2009.
EXIM Bank opened its first exchange house in London, UK as the first Bangladeshi private bank. Before stepping into its second year of operation the UK exchange house is also in the process of starting trade finance business besides remittance.
"It is another milestone in its streamlined way of continued success of EXIM Bank", Kazi Masihur Rahman said.
He thanked Bangladesh Bank for support and encouragement in smooth official expansion of remittance business.
EXIM Bank officials said though the number of expatriate Bangladeshis in Canada is increasing, but the flow of homebound remittance is proportionately low through official channel.
Release link:http://www.thefinancialexpress-bd.com/more.php?news_id=90385
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