ational Bank Limited (NBL) plans to go for massive expansion in rural areas, eyeing more income from remittance services, NBL officials said yesterday.
“If we get permission to open 10 branches out of 25 we have applied for, we'll open most of the branches in rural areas in 2008,” NBL Managing Director Abdur Rahman Sarkar told reporters at a function marking the bank's 25 years in operations.
Sarkar said: “We opened five branches in rural areas out of 15 branches opened in 2006. In 2007, the bank opened five branches in rural areas out of 10.”
“Our rural expansion will target remittances as most expatriate Bangladeshis send money to their relatives in rural areas,” AKM Shafiqur Rahman, executive vice-president and secretary of the bank, said. [Read more]
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