Tuesday, 30 December 2014

Probashi Kallyan Bank

                               History of Probashi Kallyan Bank 
Probashi kallyan Bank was established by the Bangladesh Government in 2010. The Bank, as a specialized bank, started functioning in 2011. It has now thirty Branches across the country and three booths at three International Airports within the country. The Bank is going to open few more Branches very soon and has plans to expand its activities. It is automated and manned by professionally skilled employees with sufficient IT knowledge. There is a helpdesk at the Head Office of the Bank established with the help of IOM.
                       Probashi Kallyan Bank mission and vision 
There are around 8 million skilled and unskilled Bangladeshi migrants are working in more than 108 countries starting from Middle East to the Far East and also Europe to North America. Wage earners contribute almost 15% in our gross domestic product (G.D.P) through sending hard earned remittance to Bangladesh. But the progression in this booming foreign currency-earning sector has been following a regression course than a professional one due to several reasons. The migration cost in Bangladesh is very high compared with that of other labor sending countries of South Asia.

The main objective of the Bank is to provide loan to the outbound workers at a comparatively low rate of interest without any collateral. It also provides loan to the returnee to rehabilitate them within the country. The Bank has taken an initiative to help workers in abroad send their remittance through legal way. This initiative will not only reduce the cost of sending remittance but it will also increase the flow of remittance. Apart from this, the bank operates Migrant Saving Accounts, Migrants Probashi Deposit Scheme (PDS). It is the only Bank that renders services to the people at the grass root level within the quickest possible time.

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