New BASIC board to get advice on following rules

Posted by BankInfo on Thu, Aug 21 2014 11:13 am

BASIC Bank disbursed more than Tk4,500 crore in loans

Finance ministry will organise an orientation meeting for the new board of directors of state-owned BASIC Bank on August 28 at the ministry’s auditorium where the following of relevant bank laws and rules will be discussed.

As the previous board was dismissed for gross irregularities, such meeting will be held to discuss the laws so that irregularities and loan scams can be prevented in BASIC Bank, ministry officials told Dhaka Tribune.

Bank and Financial Institutions Division sent a letter yesterday to the bank’s board of directors and two deputy governors of Bangladesh Bank to attend the meeting.

According to the central bank reports, BASIC Bank disbursed more than Tk4,500 crore in loans in last few years violating rules and regulations.

Former chairman of Bangladesh Krishi Bank Alauddin A Majid has been appointed as new chairman of BASIC Bank. Four directors were also appointed, who include Hasan Mahmood FCA, Raihana Anisa Yusuf Ali, Mamun Al Rashid and Mujib Ahmed.

A circular of the Banks Division said the new board was appointed to bring professionalism and dynamism into the bank’s management.

News:Dhaka Tribune/21-Aug-2014

 

AB Bank holds training course

Posted by BankInfo on Thu, Aug 21 2014 10:53 am

Sajjad Hussain, Deputy Managing Director, Operations and Chief Risk Officer and Md. Aminur Rahman, Senior Vice President, Operations, AB Bank Ltd, are seen with the participants of a training course on “Account Opening and General Banking” organised for the officers of 42 branches of the bank recently.

 AB Bank Limited organised a two-day training programme at the bank’s Training Academy at Dhanmondi in Dhaka recently.

The training programme “Account Opening & General Banking” was organised for 42 branches of the bank, said a press release.

Some 62 officers attended the training programme.

This programme was intended to provide adequate knowledge as regards to account opening procedure, products, aspects of customer service, tax and Vat pertaining to different account types, so that they can manage their responsibilities efficiently and provide a high standard of customer service.

Sajjad Hussain, Deputy Managing Director, Operations and Chief Risk Officer and Md. Aminur Rahman, Senior Vice President, Operations were present on the occasion.

News:Daily Sun/21-Aug-2014

BD Commerce Bank organises workshop titled “Business Development & Customer Care”

Posted by BankInfo on Wed, Aug 20 2014 11:02 am

Dhaka: Bangladesh Commerce Bank Training Institute recently organized a Training workshop on “Business Development & Customer Care”. Managing Director & CEO, Abu Sadek Md. Sohel, inaugurated the course as Chief Guest. Among others as Guest in honour, Prof. Dr. Toufic Ahmad Chowdhury, Director General, BIBM, Principal of the Institute M Abu Hena & Md. Mobarak Hossain, AVP and Faculty member were present on the occasion, reports in a press release.

News:Bangladesh Today/20-Aug-2014

BCBL inaugurates 44th branch at Kangshanagar Bazar Branch

Posted by BankInfo on Wed, Aug 20 2014 10:54 am

Comilla : Bangladesh Commerce Bank Limited (BCBL) inaugurated its 44th branch “Kangshanagar Bazar Branch” in Burichong, Comillainformed by the authority.
Bangladesh Commerce Bank Limited (BCBL) inaugurated its 44th branch “Kangshanagar Bazar Branch” in Burichong, Comilla on 18 August 2014, Monday. Md. Yousuf Ali Howlader, Chairman of the Board of Directors of BCBL inaugurated the branch as Chief Guest. Mr. Abu Sadek Md. Sohel, CEO & Managing Director was present on the occasion as Special guest. Besides, local elite and a good number of valued customers as well as Senior Executives of the bank were present at the opening ceremony.

News:Bangladesh Today/20-Aug-2014

BB widens green finance scheme

Posted by BankInfo on Wed, Aug 20 2014 10:06 am

Bangladesh Bank has added three new products, including garment sector ones, to its refinance scheme of low-interest loans.

The banking regulator included solar water-pumps, green industry and workplace safety projects of the apparel industry in the scheme.

The highest loan limit for solar water-pumps is Tk 3 core, Tk 20 crore for green industry and Tk 1 crore has been earmarked for garment factories, the central bank said in a notice yesterday.

Borrowers will have to pay a 9 percent interest rate for green industry and garment factories and 11 percent for solar irrigation pumps. The repayment period is six years, five years and 10 years respectively, with a nine-month grace period.

Earlier in May, BB included 26 new products to its revolving refinance scheme for solar energy, biogas and effluent treatment plants.

The central bank set up a Tk 200 crore revolving fund in 2009 for banks and financial institutions to disburse as low interest loans for solar energy, biogas and effluent treatment plants.

The central bank provides funds to banks and financial institutions at 5 percent interest, so they can provide loans on easy terms.

News:The Daily Star/20-Aug-2014

 

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