A bilateral meeting was held on 31 August 2021 at the Bangladesh office of National Exchange Company SRL between the company and NCC Bank Bangladesh Limited, aimed at strengthening foreign remittance services between Italy and Bangladesh.
Distinguished Representatives in Attendance
The meeting brought together senior leaders from both institutions, demonstrating the significance of this bilateral discussion. From National Exchange Company SRL, Honorable Chairman Mr. Mohammed Idrish Farazy, Country Manager (Bangladesh) Mr. Kazi Abdullah Al-Masum, and General Manager (Dhaka Office) Mr. Rashidul Islam were present, while NCC Bank Bangladesh Limited was represented by Managing Director & CEO Mr. Mohammad Mamdudur Rashid, Deputy Managing Director Mr. Khandkar Naimul Kabir, Senior Vice President & Head of NRB Division Mr. Mahfuzur Rahman, and Senior Vice President & Head of Treasury Mr. Shariful Islam. This impressive gathering of leaders underscored the importance both organizations place on strengthening their partnership in the field of foreign remittances.
A Gesture of Respect and Partnership
One of the most memorable moments of the meeting was when the Chairman of National Exchange Company, Mr. Mohammed Idrish Farazy, presented a commemorative crest and flowers to NCC Bank’s Managing Director & CEO, Mr. Mohammad Mamdudur Rashid.
This heartfelt gesture symbolized not only the deep respect between the two institutions but also served as a reminder of their long-standing business relationship.
Agenda: Making Remittance Services Stronger and More Dynamic
The central theme of the meeting revolved around making foreign remittance services more dynamic, secure, and accessible. Both National Exchange Company SRL and NCC Bank Bangladesh Limited share a common commitment to ensuring that remittances are delivered quickly, efficiently, and at competitive rates, so that Bangladeshi expatriates and their families can benefit more directly.
Some of the focal points of discussion included:
- Enhancing Digital Integration – Exploring ways to integrate modern technology for faster, seamless money transfers.
- Expanding Service Coverage – Ensuring remittance services reach even the most rural parts of Bangladesh.
- Boosting Customer Confidence – Offering transparent, secure, and trustworthy services for the expatriate community.
- Strengthening Bilateral Cooperation – Building upon the long-standing relationship between the two institutions for future growth.
The Importance of the Italy–Bangladesh Remittance Corridor
Italy hosts one of the largest Bangladeshi expatriate communities in Europe, with thousands of individuals regularly sending money back home, making remittances a vital part of Bangladesh’s economy. For over two decades, National Exchange Company SRL has been a trusted partner for expatriates, ensuring secure and efficient transfers. In close collaboration with NCC Bank Bangladesh Limited, these remittances reach families across the country, strengthening financial ties while contributing to foreign reserves and economic stability.
Looking Ahead
The meeting between National Exchange Company SRL and NCC Bank Bangladesh Limited was more than a formal event—it marked a renewed commitment to innovation and customer-focused remittance services. Both institutions pledged to modernize systems, expand service coverage, and build stronger customer trust, ensuring their partnership remains central to the Italy–Bangladesh remittance corridor. As global remittance trends evolve, their shared vision is to deliver reliable, secure, and impactful solutions that empower communities and support economic growth.
Final Thought
The bilateral meeting at the National Exchange Company’s Bangladesh office has laid a solid foundation for deeper cooperation. With senior leaders in attendance, fruitful discussions, and the symbolic exchange of a crest and flowers, the event highlighted the long-standing bond between the two institutions. Together, National Exchange Company SRL and NCC Bank Bangladesh Limited reaffirm their commitment to efficient and trustworthy remittance services that continue to strengthen the connection between Italy and Bangladesh.