Bangladesh State Minister of Finance visits HNB

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By 2018-01-14

With Sri Lanka and Bangladesh witnessing deepening bilateral economic cooperation in recent years, particularly in key power and other large scale projects, HNB's Managing Director/Chief Executive Officer, Jonathan Alles stated in a press release that the bank is looking forward to strengthening its support and furthering strategic partnerships with those who wish to increase their scope of business in Bangladesh.

He said this on the occasion of the visit of Bangladesh's State Minister of Finance, Mohammed Abdul Mannan, to HNB recently. Sri Lanka's largest private sector Bank, HNB, hosted a round-table discussion for their clients currently having a presence in Bangladesh, to meet with Minister Mannan and the High Commissioner for Bangladesh in Sri Lanka, Riaz Hamidullah, for a mutual dialogue, the release added.

"HNB, adjudged the best retail bank for the past 9 years, is happy to look for opportunities in Bangladesh," Alles stated, adding that it was a privilege for the bank to have the Minister visit them, creating the opportunity for their customers who have invested in Bangladesh to have a fruitful discussion. Mannan highlighted the fact that currently there are 50,000 Sri Lankan professionals working in Bangladesh and holding high level positions, providing ample opportunities for banking services.

"Bangladesh's friendly investment regime offers tremendous opportunities for investments, particularly in the areas of healthcare, ICT, hospitality and agri-business," explained Mannan, adding that several power generation projects and hospitals which have been started by Sri Lankans are operationally very successful. Minister Mannan urged those present to capitalize on his country's offering of a large stretch of pristine coastal land, suitable for tourism and hospitality, plus the Free Trade Agreement (FTA) between Bangladesh and Sri Lanka. Clearance by US Federal Drug Authority (FDA) on pharmaceutical products manufactured in Bangladesh is another opportunity for investors to make full use of, he stated.

Bangladesh's High Commissioner to Sri Lanka, Amb Riaz Hamidullah, shared a number of emerging perspectives that should merit attention of Sri Lankan business and industry. He also underlined some ways in which the industries of the two countries could collaborate beyond existing patterns, modes and sectors, like in Apparel and ICT. He recommended Sri Lankan businessmen reach out to the Bangladeshi business and industry much more, on a possible win-win basis.

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