Prime Bank has three fully owned subsidiaries in Singapore, The UK, and Hong Kong:-

Prime Exchange Co. Pte. Ltd. (PEC) has been in operation since 2006 and by now established itself as a major provider of remittance services to NRBs living and working in Singapore with license issued by Monetary Authority of Singapore. In addition to its core market in Bangladesh, the company covers India and Philippines corridors. The company has banking and agency relationship with banks having large network in Bangladesh and internationally renowned banks such as DBS Bank Ltd in Singapore, BDO Bank in Philippines, ICICI Bank Ltd and HDFC Bank Ltd of India. PEC always strives to expand presence in Singapore through agency arrangement with different remittance companies, bringing customers under its network coverage at competitive rates and fee. PEC Singapore is also actively considering to utilise Fintech-based remittance companies to offer customers a faster and more convenient money transfer experience.

Established in 2010, PBL Exchange (UK) Limited has been a remittance service provider for the Non-resident Bangladeshi (NRB) community throughout the UK. The company has been operating with three Branches located in London, Birmingham and Manchester. Since 2017, the company, as an Authorised Payment Institution (API), has begun agent operation to reach out to the NRB community all over UK. As per FCA’s re-authorisation process, the Company was granted authorisation status to carry out payment services activities as an Authorised Payment Institution (API) from 16 May 2018, under Payment Services Regulations 2017 (PSRs). The company has been operating by observing full compliance and adhering to rigorous regulatory guidelines. The company continued Agency model business in 2019 very selectively.

PBL Finance (Hong Kong) Limited, a fully owned overseas subsidiary of Prime Bank Limited, has strengthened the presence since started journey in 2011 and become a well reputed company in the niche market. The clientele has been widening covering products ranging from garment accessories to cement and capital machineries. Ove the years, the company’s professional and expert officials from Bangladesh and local recruits from Hong Kong have been rendering personalized services to hundreds of beneficiaries in Hong Kong and created a pool of satisfied customers. Equipped with renowned Core Banking Software (CBS) -Temenos T24 integrated with Swift Alliance Messenger and Dow Jones- risk and compliance solution and supported by FI Sales Team in Bangladesh, the company has RMA with 45 banks in Bangladesh to run its trade finance activities. Principal activities include advising of documentary credits, endorsing confirmation to the credit upon request of issuing bank, negotiating/discounting of documents etc.