Company Performance Metrics
Prime Exchange Co. Pte Ltd is the first fully owned overseas exchange company of Prime Bank Limited which is also the first ever fully owned Exchange Company in Singapore established by any private commercial bank of Bangladesh. Prime Exchange Co. Pte Ltd (PEC) started its journey in Singapore in the year 2006 through Single branch as per license
from Monitory Authority of Singapore (MAS). At the beginning, PEC has started providing services to Non-resident Bangladeshis (NRBs) working in Singapore to send money to their nearest and dearest ones in Bangladesh quickly and safely with best competitive exchange rate. After satisfactory performance is sending remittances to Bangladesh, since 2013, PEC has started providing remittance services to Non-resident Indians (NRIs) in Singapore to send remittance through HDFC Bank, which has widely diverse branch network in all over India. Later, from 2015, PEC started sending remittances to Philippines through Bank De Oro (BDO) Unibank Inc. Very recently, i.e. since 2016, in order to ensure more diversified & prompt services NRIs, PEC has started sending remittances to India through ICICI bank, one of the leading commercial banks of India. PEC also intends to provide remittance services gradually to other nationals living and working in Singapore. PEC stated it business with only one branch in 2006 with permission from MAS. After satisfactory performance, MAS approved our second branch at Jurong East in 2011. And as continuation and recognition of our well-complied performance, MAS has been please to approve well-desired Third branch for PEC, which is located at Joo Koon.