South Bangla Agriculture and Commerce Bank Limited

Posted by BankInfo on Wed, Jul 29 2015 12:39 pm

.M Amzad Hossain, chairman of the board directors of South Bangla Agriculture and Commerce Bank Limited, inaugurated the half yearly managers' conference of the bank as the chief guest held at its Head office on Tuesday. The meeting was presided by managing director and CEO of the bank Md. Rafiqul Islam

News:Financial Express/29-Jul-2015

The 31st branch of NRBC Bank

Posted by BankInfo on Wed, Jul 29 2015 12:31 pm

The 31st branch of NRBC Bank (NRB Commercial Bank Limited) was inaugurated at KDA Avenue in Khulna. Farasath Ali, Chairman of the bank, inaugurated the branch on Tuesday.

News:Financial Express/29-Jul-29-Jul-2015

SS Nizamuddin Ahmed, Chairman of the Audit Committee of Standard Bank Limited, presiding over the 67th committee meeting at its head office on Tuesday.

Posted by BankInfo on Wed, Jul 29 2015 12:03 pm

SS Nizamuddin Ahmed, Chairman of the Audit Committee of Standard Bank Limited, presiding over the 67th committee meeting at its head office on Tuesday.

News:New Nation/29-Jul-2015

BB plans to disburse Tk 164b in agri credit

Posted by BankInfo on Wed, Jul 29 2015 11:49 am

Bangladesh Bank Governor Dr Atiur Rahman poses with the declaration paper of agricultural and rural credit policy with a disbursement target of BDT 164 billion for fiscal year 2015 at the central bank in the capital on Monday.

The Bangladesh Bank aims to distribute Tk 164 billion as agriculture and rural credit in 2015-16 fiscal year (FY).Governor Atiur Rahman disclosed the plan on Monday while announcing the bank's agriculture and rural credit policy.The target had been set on the basis of the private and specialised banks' own targets, the net gross credit and advance of foreign banks, and total credit and advance of the nine newly established banks.The target is 5.47 percent higher than last year's Tk 155.5 billion.Last year, 56 banks had disbursed Tk 159.78 billion, 4.28 billion more than the target.The central bank governor underlined the vital role of the sector in creating a vibrant economy.Bangladesh Bank Deputy Government SK Sur Chowdhury urged bank officials not to harass people while distributing agricultural loans.The banks that distribute credit through NGOs would have to see to it that no two banks gave credit to the same NGO, he said.Bangladesh Krishi Bank (BKB) and Rajshahi Krishi Unnayan Bank (RAKUB) - specialising in agriculture credit-will disburse Tk 48 billion and Tk 6 billion respectively.BKB Managing Director MA Yusuf told bdnews24.com, "We have taken the necessary measures to disburse agriculture credit, keeping the target in mind."He hoped to achieve the target.According to the plan, six state-owned commercial banks will disburse Tk 28.90 billion, nine foreign banks, Tk 3.93 billion, and 39 private banks, Tk 67.17 billion.

News:The Daily Star/29-Jul-2015

Islami Bank moves up in global ranking

Posted by BankInfo on Wed, Jul 29 2015 10:51 am

Islami Bank Bangladesh has moved 16 notches up to rank 954th in 2015 among the top 1,000 banks of the world by The Banker magazine of the UK.

The bank ranked 970th in 2014 and 1,000th in 2012, the bank said in a statement.

Besides, the bank has been ranked 70th, 250th, 791st and 785th considering return on capital, return on assets, capital assets ratio and amount of assets of the bank respectively, according to the statement.

The Banker, a premier publication in the global banking sector, conducts a rating of the top 1,000 global banks since 1790. The magazine publishes the list in July every year on the basis of data and evaluation of more than 5,000 leading banks from 163 countries, which is appreciated and recognised worldwide.

                                                                                                                                                                                                          News:The Daily Star/29-Jul-2015
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