Trust Bank Limited inaugurates Sreenogor branch

Posted by BankInfo on Thu, Sep 25 2014 01:48 pm

Sreenogor : Vice Chairman of Trust Bank Limited & Adjutant General of Bangladesh Army Maj Gen Ashraf Abdullah Yussuf   formally inaugurated Trust Bank Limited Sreenogor, Munshigonj Branch recently, reports in a press release.
In this grand opening occasion, Banks Managing Director & CEO of the Bank Ishtiaque Ahmed Chowdhury were also present this ceremony with Banks Director and distinguished guests.
On the other hands, DMD, cluster head, Senior Officials of the Bank Management, and local administrative government people, businessman & other invited guest also attended the inaugural ceremony. We aim to provide financial services to meet customer expectations so that customers feel we are always there when they need us, and can refer us to their friends with confidence. We want to be a preferred bank of choice with a distinctive identity.
Trust Bank mission is to make banking easy for our customers by implementing one-stop service concept and provide innovative and attractive products & services through our technology and qualified human resources. We always look out to benefit the local community through supporting entrepreneurship, social responsibility and economic development of the country.
Trust Bank is a contemporary, upbeat brand of distinctive quality of service and solution that offers a rewarding banking experience as preferred choice of banking partner every time, every where.

News:Daily Sun/25-Sep-2014

Banks reschedule Tk 18,552cr under relaxed rules

Posted by BankInfo on Thu, Sep 25 2014 11:22 am

Banks regularised Tk 18,552 crore until June under relaxed loan rescheduling rules that were introduced in December last year to help businesses affected by political unrest.

Eight state-owned and specialised banks accounted for almost half of the amount or Tk 9,174 crore, according to central bank statistics.

Although the banks took advantage of the relaxed rules, their classified loans rose during the period.

Under the scope that expired in June, businesses were allowed to reschedule their loans by fixing their down payment and time limit for repayment, and restructure loans by setting up a rational repayment period.

Banks had to obtain a no-objection certificate (NOC) from the central bank before the rescheduling facility became effective.

However, many of the loan rescheduling proposals were rejected, a central bank official said.

For example, he said, Janata Bank had sent proposals to reschedule loans worth Tk 4,487 crore under the relaxed policy, but could finally regularise Tk 2,057 crore during the period.

The official said the central bank gave the NOCs after scrutinising the proposals carefully. The BB also opened a cell at its headquarters to monitor the loans.

Central bank inspection teams, during their regular visits to different banks, took with them a list of the loans rescheduled by the banks under the special facility and checked their status. Among the state banks, Rupali rescheduled the highest amount of loans worth Tk 3,137 crore, followed by Agrani Bank's Tk 2,062 crore, according to the BB.

Of the other state and specialised banks, Sonali rescheduled loans worth Tk 756 crore, while Bangladesh Development Bank regularised Tk 305 crore, Bangladesh Krishi Bank Tk 545 crore, Rajshahi Krishi Unnayan Bank Tk 253 crore and BASIC Bank Tk 59 crore.

However, banks' classified loans increased by 1.82 percentage points to 10.75 percent of their outstanding loans on June 30. On December 31, the amount of their total default loans was 8.93 percent of the outstanding loans.

The state banks' default loans were 23.23 percent on June 30, up from 19.76 percent on December 31.

The central bank had offered the relaxed rescheduling facility in the first week of December last year and banks made the best use of the scope in that month.

As a result, the classified loan situation of the banks improved much in December last year compared to September the same year.

Non-performing loans in banks fell 28.45 percent during the period last year, according to a central bank study.

Banks' provision against bad loans also came down by 21 percent during the period, while provision shortfall slid around 92 percent.

News:The Daily Star/25-Sep-2014

 

DHL signs deal with Shahjalal Islami Bank on express services

Posted by BankInfo on Thu, Sep 25 2014 10:59 am

DHL Express, the world's leading express company, reached an agreement with Shahjalal Islami Bank Limited (SHIBL) to provide international express delivery to the bank and its customers. 

An official corporate deal in this connection was signed between DHL Express Bangladesh and Shahjalal Islami Bank Limited at the head office of SHIBL. 

The agreement was signed by Desmond Quiah, Country Manager, DHL Express Bangladesh and Farman R. Chowdhury, Managing Director, SHIBL on behalf of their respective organisations, said a press release.

News:Daily Sun/25-Sep-2014

Bad loan pushes BKB’s back to wall

Posted by BankInfo on Wed, Sep 24 2014 01:19 pm

Bangladesh Bank holds meeting today

A pile of bad loans have left the Bangladesh Krishi Bank (BKB) in the lurch, as unrecoverable loans continued to spike and irregularities in loan disbursement also engulfed the bank.

The ratio of bad loans or unrecoverable loan stood at over 71%, out of total 28% classified loans as of June this year.

Being worried about the BKB’s financial health, Bangladesh Bank has called a meeting today to discuss the bank’s latest performance and to find a way out for rescuing the bank sinking in bad loans.

The meeting is likely to discuss large loans, single borrower exposure, non-performing loans, capital deficit, provision deficit, write-off loan etc.  The managing director of the bank has been asked to attend the meeting.

The total classified loan of the bank stood at Tk4,562 crore against the total disbursement of Tk16,376 crore in June this year, according to the central bank data. Of the total classified loan, Tk3,250 crore has been identified as bad loans.

New classified loans of the bank are also rising abnormally. The amount of new classified loans increased to Tk763 crore in December from Tk279 crore in June last year.

But it decreased to Tk300 crore in June this year due to the rescheduling of huge loans, taking the advantage of relaxed policy, said a senior executive of the central bank.

The bank fell in capital shortfall and provision shortfall due to increase in non-performing loans. The capital deficit rose to Tk6,000 crore in June this year, which was Tk5,763 crore in December last year and Tk5,474 crore in June in the same year.

The provision shortfall of the bank stood at Tk1,581 crore in June this year from Tk1,691 crore in December last year.

The risk-based asset of the bank rose to 4% in June this year from negative 5.97% in December last year. 

The Capital Adequacy Ratio (CAR) that measured the risk-absorb capability, became negative 37.57% in June against the required CAR 10%.

The bank incurs a huge loss every year due to downturn of all financial indicators.

The net loss of the bank stood at around Tk500 crore in June this year from the loss of Tk194 crore in December last year.

Despite extreme deterioration of financial condition, the bank was involved in various irregularities, alleged a senior executive of the central bank.

According to the Bangladesh Bank findings, the bank renewed loan limit violating rules, gave loan exceeding exposure limit. Moreover, the bank hid large loan information to the central bank.

Despite being defaulter, the bank renewed LC (letter of credit) limit against two subsidiaries of SA Group.

The bank extended LC limit of Tk80 crore and Tk65 crore respectively for one year against the two.

The loan of Royal Plastic Industry amounting to Tk7 crore has been renewed after seven months of expiry, though the loan was supposed to be classified as doubtful. 

News:Dhaka Tribune/24-Sep-2014

Bank Asia Provides 32nd Foundation Training to its Officers

Posted by BankInfo on Wed, Sep 24 2014 01:11 pm

Dhaka: Bank Asia provided a 3-week Foundation Training to its 30 (thirty) officers in an effort to improve their professional efficiency, reports by the press release. A. Rouf Chowdhury, Chairman of the Bank, handed over certificates to the participants of 32nd Foundation Training Course at the concluding ceremony held at Bank Asia Institute for Training & Development, Rangs Bhaban, Tejgaon, Dhaka on Tuesday. Md. Sazzad Hossain, Executive Vice President & Head of ICCD,   Mamun Mahmud, Senior Vice President & Head of Human Resources Division and   Md. Azharul Islam, Vice President  & Head of Training, were, among others, present.
Bank Asia puts the highest importance on training so as to augment knowledge and skill on the part of personnel.

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