NEW YORK: Social Investment bank Ltd (SIBL) has tied up with Placid NK Corporation (d/b/a Placid Express) of USA to facilitate payments of expatriates' home remittances in Bangladesh. Under the deal Placid Express will send money of Bangladeshi expatriates to beneficiaries in Bangladesh through Social Investment Bank Ltd. Placid Express is a worldwide money transmission company headquartered in New York, USA.

With this new agreement between Placid Express (USA) and SIBL (Bangladesh), the expatriates living in America, Canada, Italy and Malaysia would be able to send money to their friends and family living in remote places. Now Placid can give Home Delivery to the remote places in Bangladesh. After the introduction of spotCash! Placid's new arrangement with SIBL would better serve the Bangladeshis and their family and friends worldwide.

Abdul Awal Patwary, Chairman, Board of Directors, Kamaluddin Ahmed, Chairman, Board Audit Committee, K. M. Ashaduzzaman, Managing Director, Abu Sadek, Md. Sohel, Deputy Managing Director of Social Investment Bank Ltd and other senior executives from both the sides were present in the brief business tie-up function.

AMM Farhad, Executive Vice President and head of Global Business Department of Social Investment Bank Ltd and Mohammed Haroun Rashid, Vice President, Placid Express, USA signed the agreement on behalf of their respective organizations.

With this agreement, Placid Express, moved one step ahead in extending remittance facilities to expatriate Bangladeshis.