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ECONOMY

CBIL, Casco in remittance tie-up

KATHMANDU, Feb 8: Citizens Bank International Ltd (CBIL) and Casco Financial Services Ltd of the United Kingdom have signed a Memorandum of Understanding (MoU) to provide remittance services.
By Republica

KATHMANDU, Feb 8: Citizens Bank International Ltd (CBIL) and Casco Financial Services Ltd of the United Kingdom have signed a Memorandum of Understanding (MoU) to provide remittance services.


Issuing a statement, the bank said that the bank’s CEO Ramdhan Shrestha and Jack Bryant from Casco Financial Services Ltd signed the MoU on behalf of their respective institutions.


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“Now people can withdraw money sent from abroad through Casco Financial Services from around 58 branches and 3,000 representatives of Citizens Bank,” a statement issued by the bank said.  


The bank also said that it organized financial literacy program on February 2 and 3 in partnership with Louis Berger -- an organization under Department for International Development (DFID). The program was organized targeting youths, students, and families dependent on remittance, according to the bank.

 

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