October 25, 2019 | Investopaper
Global IME Bank and Bank Albilad of Saudi Arabia have entered into a partnership for providing remittance service. Now, the customers can send the money from Bank Albilad of Saudi Arabia to Nepal. The receiver can collect the money from all the branches of Global IME Bank and more than 15,000 networks of IME and GME across Nepal.
The remittance service was inaugurated in a special function conducted at the Bank Albilad headquarters, Saudi Arabia.
Chandra Prasad Dhakal, chairman of the Global IME Bank, said on the occasion that the partnership between the two banks would provide easy remittance service to the customer thereby bringing the remittance through formal banking channel.
The agreement for providing the remittance service was signed between the two banks on May 27, 2019.