Citibank inks correspondent deal with UCB

Citibank, NA Bangladesh and United Commercial Bank Ltd have recently signed a correspondent banking agreement, which will enable Citibank to expand its distribution channel in the country, says a press release.
The agreement will facilitate transactions of the valued clients of Citibank through the 84 branches of UCB across the country.
Md. Ruhul Amin, executive vice president of UCB, and Khondoker Rashed Maqsood, director and head of Global Transaction Services of Citibank, signed the agreement on behalf of their respective organisations in presence of Hamidul Huq, managing director, UCB, and Mamun Rashid, managing director and Citigroup country officer, Bangladesh.