Eastern Bank has signed a remittance service agreement with Daytona Capital Management Ltd for money transfers through Hello Paisa, a globally prominent remittance brand of Daytona incorporated in the United Kingdom.
Eastern Bank PLC. on Wednesday (February 7, 2024) obtained bancassurance license from Insurance Development & Regulatory Authority (IDRA) to start Bancassurance business with MetLife & Green Delta Insurance Company Ltd.
Wells Fargo, an American multinational financial services company, has provided a trade loan of $20 million to Eastern Bank PLC. This is the largest trade financing extended to the private commercial bank and represents the highest amount granted by the US firm to any lender in Bangladesh.