Mohammad Feroz Hossain has been promoted to deputy managing director of Exim Bank, the bank said in a statement yesterday.

He was working as a senior executive vice president of the bank prior to this promotion and has also served as head of several departments during his 15-year career with Exim Bank.

Hossain was also the recipient of the bank's 'best manager award' for three consecutive years. 

Standard Chartered Bangladesh will continue to support sectors that have driven the country's economic growth for decades and will also identify new areas that can take the economy to newer heights, its chief executive said.

Abrar A Anwar, the new CEO for the Bangladesh operations of the London-based bank, said the company has been in the country for over 110 years, so its understanding of the market and the fabric of the economy is probably better than any other institution.

“For instance, we opened the country's first letter of credit,” Anwar told The Daily Star in an interview last week.

“We particularly cater to the growth drivers of the economy -- we see where the growth is coming from and what will sustain the momentum. We want to do more, as we strongly believe we can really play a major part in the growth of the country.”

Anwar, who took the reins from Jim McCabe in the first week of January, is the  second Bangladeshi to lead Standard Chartered Bangladesh.

SCB handles more than $3 billion a year in garment exports. It also finances backward linkage and textile sectors so that the apparel manufacturers can expand their reach.

The bank has also arranged financing for 30 percent of the country's more than 10,000 megawatts of installed capacity of electricity, which is crucial for the economy.   

The 46-year-old said it also wants to finance projects relating to power distribution and transmission.

SCB is also a major player in the telecoms sector financing. The sector, boosted by nearly 100 percent mobile phone network coverage across the country, has already become a key sector of the economy by way of digitalisation and rising popularity of e-commerce.

Anwar said the bank is also financing infrastructure-related industries such as steel and cement, apart from the commodity and agriculture sectors. It is also looking at growth potential in real estate sector.

“We will stay with the growth drivers of the economy.”

He also touched upon the ongoing political uncertainty, which has started to eat into the banking sector's profits.

“The bank was probably on the brink of getting affected in the first quarter because of the blockade. So far we have not faced any problems with our portfolio. We could have done better in terms of more investment. Still, our business has grown even during the tough times.”

He said the businesses across the country suffered mainly in January, and the situation has started to improve in February and March to a large extent.

Over the years, political uncertainties have not impacted the economy that much. However, new businesses have not come about in the way the country was expecting, he said.

“People and investors think Bangladesh is losing opportunities. Nevertheless, the country has been able to sustain because of the economy's resilience and entrepreneurship.”

Standard Chartered, despite being headquartered in the UK, is predominantly an emerging market bank, with almost 90 percent of its earnings coming from Asia, Africa and the Middle East.

Bangladesh is one of the top 10 markets of the bank among the 70 countries it operates in.

“So, our clients get access to the latest products, ideas and resources. This is one of the reasons we have become successful in this country,” Anwar said, adding that the bank's business typically grows at twice the rate as the country's gross domestic product.

“We are actually hopeful of growing further.” Anwar said the country has got good entrepreneurs who are committed to supporting banks even during ups and downs.

“It is very important that banks pick up the right clients. If not, wrong borrowers will come into the market and pose a risk for the entire banking sector.”

Foreign banks in many cases are the gateway for foreign investors to Bangladesh. And as the largest foreign bank in the country, SCB is also playing the role.

“Bangladesh has seen many ups and downs in its 44-year history. I would say things were much worse in the past. I tell investors that our door was not closed for a single day. We have grown every year. They can get an idea about Bangladesh just by looking at us.”

“I don't have to make up stories about Bangladesh. I can tell the potential about the country by just using facts and figures. We can say with credibility that this is the country to be in.”

Anwar said the country's macroeconomic fundamentals are good and very conservatively managed, and the country has never defaulted on its payment to the international lenders -- which should be enough to woo in foreign investors.

He said the country has been growing at 6 percent on average in the last one decade. “We definitely have the potential to grow faster.”

“Emerging markets often face the situation that Bangladesh does every now and then. At the same time, we will have to keep in mind that Bangladesh is growing despite all the challenges.”

SCB also organises road shows to tell outside investors about the potential of Bangladesh. The bank is also working with state-run Board of Investment to get the right kind of audience such that they bring in global investors to Bangladesh, he said.

“We want to do more as the country's biggest challenge now is to efficiently mobilise the capital it needs to power growth.”

A well-known corporate banker, Anwar started his banking career with ANZ Grindlays Bank in 1991. He joined Standard Chartered as the managing director of its wholesale banking arm in January 2011, after nine years in the country office of Citibank NA.

About his new role, he said a CEO has to lead by example. “You will have to give a viable vision to your employees so that they rally around you and work for a common objective and take the business to the next level in a responsible manner.”

He believes in sustainability, saying an organisation will only be sustainable if it is a responsible organisation, brings positive changes to the society, adds value and does not hanker after profit only.

“The role of the CEO is to add value to all groups of stakeholders. To me, it is an exciting role.”

He went to Saint Placid's High School, Chittagong College and Government College of Commerce in Chittagong before his MBA from Dhaka University's Institute of Business Administration, the country's most respected business school.

“If you are focused, sincere and stay on your course, you can achieve your goals. Learning everyday is also important and you can learn from anybody, even from the youngest person that you just met.”

National Bank Training Institute and Anti Money Laundering Department of the bank organized a day-long workshop on “Prevention of Money Laundering and Combating Financing of Terrorism” in the city recently. A total number of 58 executives and officers from compliance units of 20 branches of Dhaka city area attended the workshop. Shamsul Huda Khan, Managing Director & CEO of National Bank Limited was present in the workshop as chief guest. Syed Mohammad Bariqullah, Deputy Managing Director and CAMLCO of the bank was present as special guest, reports in press release.
National Bank mission is to efforts for expansion of our activities at home and abroad by adding new dimensions to our banking services are being continued unabated. Alongside, we are also putting highest priority in ensuring transparency, account ablility, improved clientele service as well as to our commitment to serve the society through which we want to get closer and closer to the people of all strata. Winning an everlasting seat in the hearts of the people as a caring companion in uplifting the national economic standard through continuous upgradation and diversification of our clientele services in line with national and international requirements is the desired goal we want to reach.
National Bank vision is to ensuring highest standard of clientele services through best application of latest information technology, making due contribution to the national economy and establishing ourselves firmly at home and abroad as a front ranking bank of the country are our cherished vision.
Shahjalal Islami Bank Limited (SJIBL) commenced its commercial operation in accordance with principle of Islamic Shariah on the 10th May 2001 under the Bank Companies Act, 1991. During last thirteen years SJIBL has diversified its service coverage by opening new branches at different strategically important locations across the country offering various service products both investment & deposit. Islamic Banking, in essence, is not only INTEREST-FREE banking business, it carries deal wise business product thereby generating real income and thus boosting GDP of the economy. Board of Directors enjoys high credential in the business arena of the country, Management Team is strong and supportive equipped with excellent professional knowledge under leadership of a veteran Banker Farman R. Chowdhury.

Senior Vice President & Head of Retail Banking of IFIC Bank Ferdousi Begum and President of Oxford International School, an English medium school in the city, Md Shakawat Hossain exchanging documents after signing an MoU on behalf of their respective organisations in the city recently. Under the deal, IFIC Bank will offer all types of banking services to teachers, students and employees of the school. Deputy Managing Director & Head of Branch Banking of IFIC Bank Fariduddin Al Mahmud, among others, was present at the MoU signing ceremony.