On 15 February 2023, a major milestone was achieved in Bangladesh’s remittance and banking sector with the signing of a bilateral foreign remittance exchange agreement between National Exchange Company SRL and Meghna Bank Limited. This strategic partnership is aimed at strengthening remittance inflows to Bangladesh, especially from Bangladeshi expatriates living in Italy, and supporting the nation’s ongoing economic development.
This collaboration reflects the shared commitment of both institutions to ensuring secure, fast, and reliable remittance services, making it easier for expatriates to send their hard-earned money back home through formal banking channels.
A Landmark Signing Ceremony with Key Leadership Presence
The agreement signing ceremony was held in a grand, cordial, and highly professional atmosphere, reflecting the importance of the partnership between National Exchange Company SRL and Meghna Bank Limited. The presence of senior leadership and key officials from both organizations demonstrated strong mutual trust, shared values, and a common vision for building a long-term and successful collaboration in the remittance and banking sector.
At the ceremony, the Honorable Chairman of National Exchange Company SRL, Mr. Haji Mohammed Idrish Farazy, was warmly welcomed with floral greetings by the Honorable Managing Director & CEO of Meghna Bank Limited, Mr. Sohail R. K. Hussain. This welcoming gesture symbolized mutual respect, goodwill, and the strong foundation on which the partnership has been established, marking the beginning of a promising alliance between the two institutions.
Several distinguished senior executives of Meghna Bank Limited were also present at the event, highlighting the bank’s firm commitment to expanding its international remittance operations and delivering efficient, customer-focused services across Bangladesh. The dignitaries included Mr. Tanvir Shams, Vice President & Head of International Division; Ms. Kimiwa Saddat, Senior Executive Vice President & Head of Corporate Banking; Mr. M. Nazeem A. Choudhury, Head of Retail & SME Banking; Mr. Md. Sadiqur Rahman, Senior Executive Vice President & Head of Treasury; and Mr. Khaled Hossain, Executive Vice President & Head of Operations.
Representing National Exchange Company SRL, General Manager Mr. Rashidul Islam attended the ceremony along with other senior officials. Their participation underscored the organization’s dedication to strengthening secure, transparent, and fast remittance services, further reinforcing its long-standing commitment to effectively serving the Bangladeshi expatriate community living in Italy.
Strengthening Bangladesh’s Remittance Landscape
National Exchange Company SRL has been serving expatriates in Italy for more than two decades. Over the years, it has earned the trust of customers through quick processing, transparency, and reliability, emerging as one of the highest remittance-collecting institutions, contributing significantly to Bangladesh’s economy.
On the other hand, Meghna Bank Limited is widely recognized as one of the most dynamic and customer-focused banks in Bangladesh. With 51 branches nationwide, the bank has built a strong reputation for innovation, reliability, and excellence in financial services- making it an ideal partner for international remittance operations.
Through this bilateral agreement, the combined strength of National Exchange Company’s international expertise and Meghna Bank’s nationwide banking network will ensure that remittances sent from Italy reach beneficiaries in Bangladesh quickly, safely, and conveniently.
Shared Vision for Economic Growth
In their speeches, both the Honorable Chairman of National Exchange Company SRL and the Honorable Managing Director & CEO of Meghna Bank Limited emphasized the importance of collaboration- especially during challenging economic times.
They expressed confidence that by leveraging the experience, operational strength, and strong reputations of both institutions, this partnership would encourage expatriates to use formal remittance channels and help increase overall remittance inflows to the country.
They further stated that, Insha’Allah, both organizations would work hand in hand to support Bangladesh’s economy by ensuring smooth, secure, and timely fund transfers to families and beneficiaries.
Appreciation and Event Conclusion
At the ceremony, Mr. Haji Mohammed Idrish Farazy expressed sincere appreciation to the management and team of Meghna Bank Limited for arranging such a well-organized and elegant event. He also thanked them for their warm hospitality and professionalism, expressing optimism about the future success of the partnership.
The event concluded with a luncheon hosted by Meghna Bank Limited, allowing guests from both organizations to engage in cordial discussions and further strengthen mutual ties.
A Promising Partnership for the Future
The signing of this bilateral remittance agreement marks a strategic alliance that will enhance financial connectivity between Italy and Bangladesh. By working together, National Exchange Company SRL and Meghna Bank Limited are well-positioned to deliver efficient, secure, and customer-friendly remittance services, while contributing meaningfully to Bangladesh’s economic resilience.
As remittance continues to play a vital role in the country’s economy, partnerships like this serve as a symbol of progress, trust, and long-term commitment to serving expatriates and their families with excellence.