A Memorandum of Understanding (MoU) was signed by the Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh and Bangladesh Merchant Marine Officers Association (BMMOA) to facilitate BMMOA members with privileges on HSBC products and services.
The Non-Resident Bangladeshi (NRB) provision of HSC will aid BMMOA members and NRBs with services and products that support their special circumstances of being away from Bangladesh.
NRBs will be capable of accessing banking services at their fingertips for meeting their day-to-day banking requirements via the HSBC Select proposition. They will have the ability of opening accounts and service bonds remotely.
Additionally, NRBs will also be capable of availing HSBC’s overseas education facilities for their children studying in foreign countries.
Captain Mohammed Anam Chowdhury, president of BMMOA mentioned, “I am elated that a multinational bank like HSBC has stepped up and joined hands with BMMOA to support the ten thousand plus family that we have. Mariners, who mobilise more than 90% of global trade, spend a significant period of time away from shores and this gives them very little time to attend to their personal financial needs. With HSBC’s support, I can now confidently say our members and their family members will be benefitted.”
Md Mahbub ur Rahman, CEO of HSBC Bangladesh, said, “The strength of our global network provides world-class NRB services and enables the faster and smoother flow of remittances from abroad, one of the key contributors to the country’s economy. We are delighted to provide Mariners with our NRB services, thanks to their partnership over the past 25 years, since the time HSBC started its operations in Bangladesh.”