Jamuna Bank Ltd will establish an exchange house in Spain to bring foreign remittance to Bangladesh through the banking channel.
The listed lender has received approval from the Bangladesh Bank to that end, according to a filing with the Dhaka Stock Exchange (DSE) on Monday.
The 100 per cent-owned exchange house would be named Jamuna Money Transfer SL, Spain with a paid-up capital of 125,000 euros, subject to compliance with some conditions.
The main objective of the exchange house will be to bring in remittance through the banking channel.
The bank has reported consolidated earnings per share of Tk 1.02 for July-September 2022, down from Tk 1.23 a year ago.
For the nine months through September, its consolidated EPS stood at Tk 4.06, increased from Tk 3.87 in the same period the year before.
