PBL inks correspondent banking deal with HSBC

Pubali Bank Ltd (PBL)  signed Correspondent Banking Agreement with HSBC Bank Ltd. for Cash Management at bank’s Head Office today. Md. Abdul Halim Chowdhury, Managing Director & CEO; Safiul Alam Khan Chowdhury, Additional Managing Director; Mohammad Ali and Akhtar Hamid Khan- Deputy Managing Directors of Pubali Bank Ltd. were present at the signing ceremony.

On behalf of HSBC Bank Ltd., Tony Menzies, Chief Operating Officer; Riaz A Choudhury, Country Head of Corporate, Commercial Banking; Jishan Shamsad, Country Head of Global Liquidity and Cash Management; Md. Zakir Hossain, Head- Financial Institutios Group were present at the signing ceremony. Abu Habib Khairul Kabir, General Manager of General Services and Development Division of Pubali Bank Ltd. presided over the signing ceremony.

Under this MoU, clients of HSBC Bank Ltd. will utilize pre-selected branches of Pubali Bank Ltd. that will accept cash, instruments and fund transfer.