Prime Bank partners with Coracle GmbH
Prime Bank PLC is pleased to announce a strategic partnership with Coracle GmbH, a trusted provider of blocked account services in Germany, to simplify and expedite the visa application process for Bangladeshi students pursuing higher education in Germany.
A signing ceremony was recently held at the Bank's Gulshan corporate office.
Md Nazeem A Choudhury, Deputy Managing Director of Prime Bank PLC and Sheikh Hafeez Maeen, Director and Country Representative (Bangladesh) of Coracle, signed the agreement on behalf of their respective organisations. Asad bin Rashid, Head of Student Banking; Miah Mohammad Rabiul Hasan, Chief Bancassurance Officer; Nafis Uddin Mehran, Product Manager and Business Lead (Student Banking) of Prime Bank; and other senior officials from both organisations were present at the ceremony.
Keep updated, follow The Business Standard's Google news channel
Through this partnership, Coracle GmbH will issue customers a Confirmation Certificate of fund receipt within the same day of the transaction or in the shortest possible time based on the SWIFT message provided by Prime Bank PLC. This certificate is a prerequisite for the German visa interview and is typically issued only after the funds are credited to the student's blocked account in Germany.
This new strategic agreement would eliminate obstacles arising from corresponding or intermediary bank delays and offer students and other German visa seekers a faster and more reliable process.
