Mr Mohammad Feroz Hossain has recently been promoted to the post of deputy managing director (DMD) of EXIM Bank. Prior to his promotion, Mr Hossain was the senior executive vice president of the bank. Mr Hossain started his banking career with National Bank. He joined the EXIM Bank as an assistant vice president in 1999. In his 15 years' career with EXIM Bank, Mr Hossain served the bank in various capacities. Mr Hossain was the head of many departments and the manager of different branches. Presently, he is the Relationship Manager of the bank's Motijheel Branch. In his tenure, Motijheel Branch earned the highest profit and he was honoured the best manager award for consecutive three years. Mr Hossain visited the UK, China, India, Singapore, Thailand, Hong Kong and many other countries to take part in trainings, seminars and workshops.

AFP, WASHINGTON: International banks have slowed cross-border lending since the financial crisis, but their local affiliates are filling the gap in a positive sign for greater financial stability, the IMF said yesterday.
The slowdown in cross-border lending since 2008, especially by European banks, has in part been replaced by a surge from Asian banks, the International Monetary Fund said in a new report. But global banks are also lending more from their subsidiaries inside recipient or “host” countries.
And that is likely good for countries that are vulnerable to sharp swings in capital flows in economic downturns, the IMF said. “Cross-border lending is a particularly volatile form of cross-border capital flows,” said Gaston Gelos of the IMF’s Monetary and Capital Markets Department.
“Around domestic crises, foreign-owned affiliates tend to reduce their credit less than domestic banks.”
The study suggests that countries on the receiving end of international capital flows would do well to encourage more local branches of foreign banks.
The study, from the IMF’s latest Global Financial Stability Report, addresses how economic crises can be exacerbated by sharp changes in lending policy by global banks. 
In a domestic crisis, domestic banks will sharply tighten lending, constricting economic activity. The same happens with loans from outside the country, the IMF said. 
But foreign bank branches within a country, the study says, cinch up their loan books less quickly and tightly, effectively taking a larger role in supporting growth.
Both cross-border lending and the number of international banks subsidiaries in recipient or “host” countries have declined since the 2008 crisis, the IMF noted.
Banks, especially those in Europe, have retrenched in order to strengthen their capital foundations and meet tougher requirements from regulators.
But the proportion of their global loan business from foreign subsidiaries has grown.
“Domestic credit is less affected during times of global stress in countries that are home to banks with large international operations,” the study said.
“A high reliance of subsidiaries on domestic deposits for their funding is also found to help stabilize lending during both domestic and global stress.”
The IMF stressed that host countries need to keep the doors open to cross-border loans. 
However, it added, “foreign banks operating locally rather than through cross-border transactions tend to contract credit much less following domestic shocks in host countries.”
The report noted that the Europeans, especially French and Spanish banks, are leaders in operating subsidiaries in other countries, while Japanese banks, for example, engage more heavily in cross-border business.

Ahmed Shaheen has joined Prime Bank as deputy managing director, the bank said in a statement yesterday. Prior to joining, Shaheen served as senior executive vice president and area head of corporate banking for Dhaka, at Eastern Bank.
He brings more than two decades of experience in corporate banking, structured finance, international and offshore banking and trade services, according to the statement. Shaheen has significant contribution in structured trade finance and syndication financing in Bangladesh among local banks.  

The Bank of Japan held off further easing measures on Wednesday despite struggling to drag up flatlining inflation that is defying a massive stimulus launched two years ago.

The central bank stayed pat on its record easy money programme, which is adding about 80 trillion yen ($663 billion) to the money supply every year.

But economists said BoJ Governor Haruhiko Kuroda will have to boost the scheme, possibly later this month, in a further attempt to bring Japan closer to achieving two-percent inflation.

The BoJ's inflation target is a cornerstone of Prime Minister Shinzo Abe's drive to conquer deflation and revive the long-sluggish economy.

After a two-day meeting, the BoJ said in a statement consumer inflation was likely to be about zero "for the time being" due to lower energy prices.

However, it added "inflation expectations appear to be rising on the whole from a somewhat longer-term perspective".

Kuroda told a press conference that the BoJ board expected price levels will start to rise later this year as general economic conditions improve.

"We believe the rise of the inflation rate will accelerate perhaps after the coming autumn, considering that expected inflation will likely rise over the long run, as the impact of the fall in energy prices diminishes, while the gap between supply and demand continues to improve," Kuroda said.

But he added that the bank stood ready to loosen monetary policy if necessary, recalling his surprise move in October that expanded the scheme earlier than expected.

The yen picked up on the news -- soon after the bank's statement the dollar was at 120.06 yen compared with 120.32 yen in New York on Tuesday.

The US currency slipped to 119.91 in late afternoon.

Kuroda's announcement prompted economists to strengthen their belief that the BoJ will expand the easing programme soon.

The BoJ is likely to lower its growth forecast for the year to March, as the Japanese economy seems to have slowed at the start of the year, said Capital Economics' Marcel Thieliant.

Jamuna Bank Training Academy (JBTA) arranged a training programme on "Credit Operation and Management" for credit officers recently. Shafiqul Alam, Managing Director of the bank inaugurated the programme as the chief guest. Ahamed Sufi, SVP and in-charge of JBTA were present at the programme. A total of 40 officers of the bank participated in the training.