On December 22 and 23, the Overseas Remittance Co of Eastern Asia Bank will in turn open two branches at Quy Nhon central City and Quang Ngai Central Town, said EAB. These are the fourth and fifth branch of EAB Overseas Remittance Co that have been opened this year, bringing the total branches of this company to 10 branches nationwide.
Together with the branch network of the parent bank, overseas remittance payment points of EAB Overseas Remittance Co has numbered nearly 60 points covering almost provinces and cities nationwide.
Currently, EAB Overseas Remittance Co is acting as a agent of more than 45 money transfer companies in the world and has transaction offices in many countries in the world. In many recent years, EAB Overseas Remittance Co has been the company that has largest revenue of overseas remittance payment in Vietnam, accounting for 20% of market share.
In 2004, overseas remittance payment revenue of EAB Overseas Remittance Co reached US$622 million. EAB Overseas Remittance Co expects to pay over US$680 million of overseas remittances in 2005.