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     Tk 10.36b remitted by NRBs thru’ Sonali Exchange  | 
  
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       News  | 
    
       March
      13, 2000 Sonali
      Bank has decided to open another branch of Sonali Exchange Company (SEC),
      a subsidiary organization of the bank, in Atlanta after the successful
      operation of its braches in New York and Los Angeles. The
      decision was disclosed by Managing Director of Sonali Bank and Chairman of
      SEC’s board of directors M Enamul Haq Chowdhury Sunday on arrival in
      Dhaka after visiting New York. Taka
      10.36 billion were remitted to the country by the nonresident Bangladesh (NRBs)
      through branch during the year 1999, he further disclosed. Chowdhury
      attended a SEC board meeting held March 3 in New York. SEC Director KA
      Rashid and Chief Executive Officer in New York Humayun Kabir were also
      present at the meeting. The
      overall development and business viability SEC were reviewed at the board
      meeting, said a press release. Chowdhury
      told the meeting if the standard of service is improved, NRBs would
      positively extend their corporations and come forward to send foreign
      exchange earned by them through the SEC. Sonali
      Exchange Co in New York and Los Angeles earned an accountable success in
      sending foreign exchange earned by the Bangladesh nationals working
      there-to-there relatives and nominees promptly and safely. SEC
      started functioning in 1994 under exclusive ownership of Sonali Bank with
      only one office in Manhattan. Now SEC has four branches in New York and
      one in Los Angles out of which success of Jackson Height branch is
      tremendous.  Besides
      attending the board meeting, Chowdhry visited Atlanta and Boston to see
      the viability of opening new offices there. Source:
      The Financial Express 
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