Dhaka: National Bank Training Institute and Credit Administration Division of the bank organized a day-long workshop on ‘ISS Reporting to Bangladesh Bank’ at NBTI in the city recently. A total number of 51 executives and officers from it’s head office and A/D Branches of the bank attended the workshop. Shamsul Huda Khan, Managing Director & CEO of National Bank Limited was present in the workshop as chief guest. Abdul Hamid Mia, Deputy Managing Director and Mohammed Nazrul Islam, SEVP & head of CAD of the bank was present as special guest. 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.

 first Managers' conference-2015 of Chittagong region of Pubali Bank Limited was held recently. Safiul Alam Khan Chowdhury, Deputy Managing Director of the Bank was present as Chief Guest.

The 1st Managers' Conference- 2015 of Chittagong Region of Pubali Bank Limited was held recently. Safiul Alam Khan Chowdhury, Deputy Managing Director of the Bank was present as Chief Guest. GM & Chief Technical Officer Mohammad Ali was present as Special Guest. General Manager of Chittagong Principal Office Syed Abdul Mazid presided over the conference.

In his speech Mr Safiul Alam Khan Chowdhury emphasized on expansion of foreign remittance business through better customer & modern banking service. He said, "The range of the economy of Bangladesh is increasing as world economy is doing the same. Banking sector is playing the lead role here. He urged all to work sincerely in this competitive banking sector, said a statement.

Merchant banks and brokerage firms Sunday sought more initiatives to stabilise the capital market along with increasing the turnover value, officials said.

The representatives of merchant banks and brokerage firms made the plea at a meeting held at the office of the state-run Investment Corporation of Bangladesh (ICB).

At the meeting chaired by ICB managing director Md. Fayekuzzaman, the representatives also proposed for a permanent re-financing fund so that merchant banks and brokerage firms can take loans with minimum interest.

Mohammad Saifur Rahman, an executive director of the securities regulator, also attended the meeting.

According to Mr. Fayekuzzaman, the representatives stressed the need for possible ways to strengthen the capital base of merchant banks those are facing a dismal situation.

"The representatives have sought soft implementation of rules to revive the capital market by creating breathing space for the banks who are not in a position of purchasing shares," Fayekuzzaman said.

According to him, the merchant bankers told the meeting that the investors who availed the re-financing scheme facility have been benefited.

"Merchant bankers have also said that they would try to facilitate the affected investors who were out of the capital market re-financing scheme," Fayekuzzaman said.

ICB managing director told the meeting that the bank's dividend declaration was comparatively better in 2015 compared to the declarations made in 2014.

"We will discuss the issues with the securities regulator," he added.

The issue of allowing IPOs (initial public offerings) with reasonable premiums was also discussed at Sunday's meeting.
Merchant banks and brokerage firms Sunday sought more initiatives to stabilise the capital market along with increasing the turnover value, officials said.

The representatives of merchant banks and brokerage firms made the plea at a meeting held at the office of the state-run Investment Corporation of Bangladesh (ICB).

At the meeting chaired by ICB managing director Md. Fayekuzzaman, the representatives also proposed for a permanent re-financing fund so that merchant banks and brokerage firms can take loans with minimum interest.

Mohammad Saifur Rahman, an executive director of the securities regulator, also attended the meeting.

According to Mr. Fayekuzzaman, the representatives stressed the need for possible ways to strengthen the capital base of merchant banks those are facing a dismal situation.

"The representatives have sought soft implementation of rules to revive the capital market by creating breathing space for the banks who are not in a position of purchasing shares," Fayekuzzaman said.

According to him, the merchant bankers told the meeting that the investors who availed the re-financing scheme facility have been benefited.

"Merchant bankers have also said that they would try to facilitate the affected investors who were out of the capital market re-financing scheme," Fayekuzzaman said.

ICB managing director told the meeting that the bank's dividend declaration was comparatively better in 2015 compared to the declarations made in 2014.

"We will discuss the issues with the securities regulator," he added.

The issue of allowing IPOs (initial public offerings) with reasonable premiums was also discussed at Sunday's meeting.

Dhaka : The Board of Directors of Islami Bank Bangladesh Limited recommended 15% cash dividend for the shareholders for the year 2014 subject to approval of the 32nd Annual General Meeting of the Bank. This was decided in a meeting of the Board held at Islami Bank Tower on March 21, 2014 Saturday with its Acting Chairman Engr. Mustafa Anwar in the chair. Local and Foreign Directors of the Board along with Mohammad Mohammad Abdul Mannan, Managing Director of the Bank attended the meeting, reports in a press release.
The meeting approved the Profit & Loss Account and Balance Sheet for the year 2014 ended on 31 December. The Board also decided to hold 32nd Annual General Meeting of the Bank on June 13, 2015. The Record date for Dividend has been fixed on April 16, 2015. It was also decided that the annual profit rate of Mudaraba Perpetual Bond of the Bank is 11.18% for the year 2014 which is the sum of 9.68% final rate of profit of 8 years term Mudaraba Savings Bond and 10% of the declared Dividend. The Profit of the Bond will be distributed within 30 days from holding of Annual General Meeting of the Bank. The meeting expressed satisfaction while evaluating the performance of the Bank over the success & progress achieved so far and took some important business decisions.

A file photo shows branches of Bangladesh Krishi Bank and scam-hit BASIC Bank at Karwan Bazar in Dhaka. The government has decided to amend at least three acts including the Bank Company Act (1991) that regulate banking operations to include bailout measures to shore up troubled banks with injecting prompt liquidity assistance.

The government has decided to amend at least three acts including the Bank Company Act (1991) that regulate banking operations to include bailout measures to shore up troubled banks with injecting prompt liquidity assistance. Bangladesh Bank is now at the final stage of drafting a bank resolution and lender of last resort (LOLR) facilities so that immediate liquidity measures could be taken either by the finance ministry or by the BB in case any bank or financial institution collapses, a senior finance ministry official said. The measures will be purported to enabling the BB to intervene immediately in the event of any ‘failure’ on the part of a bank to cope with any emerging adverse situation, and take appropriate remedial measures. Other laws to have amendments are Bangladesh Bank Order-1972 and Deposit Insurance Act. The decision was taken in the first week of current month at a meeting with finance ministry officials and a delegation of International Monetary Fund. A number of senior BB officials also attended the meeting. ‘We have decided to put in place a LOLR mechanism to help intervene into a beleaguered bank’s affairs of severe capital crisis. The proposed contingency plan will require bringing amendments to a number of acts,’ a senior finance official told New Age on Saturday. On the other hand, SM Moniruzzaman, executive director, BB said the proposed LOLR was in its final stage that is being prepared to tackle any debacle of a bank. ‘The proposed LOLR is in its final stage and before enforcing the measures, bringing amendments to a number of acts including that of BCA (1991) will be required as such measures are new for our banking system,’ Moniruzzaman said. The BCA (1991) was last amended in middle of 2013, while the BB Order (1972) in 2003. The suggestion of IMF came against the backdrop of a good number of large loan scams that were unearthed in some of the country’s state-owned banks, particularly Sonali Bank and the BASIC Bank. The banks concerned are now faced with the problem of a large shortage of capital, a senior BB official said. A senior BB official said the proposed LOLR would help the BB, in case any bank — be it public or private — collapses or fails, to intervene promptly to shore up its financial position and protect the interest of depositors. Another top BB official who has been involved in the related process said he had almost completed the task of preparing an efficient bank resolution method, based on a number of in ternationally practised core fundamentals to deal with the problems of any troubled bank. These are : minimising financial and economic costs and contagion risks in case a bank faces the risk of collapse, ensuring protection to depositors, protecting shareholders’ interest, enacting proper legislation, enhancing supervision, increasing the implementation capabilities of any such bank, and strengthening the bank’s capital base. Besides, the proposed resolution guidelines will have a policy on how the BB could support a troubled bank with injection of fresh fund, a BB source said. ’The capital injection by the BB will be considered as the last option under the proposed framework in case all other opportunities of such a troubled bank are exhausted,’ the BB official said. He, however, ruled out the possibility of any immediate risk about the collapse of any of the country’s banks. Moniruzzaman said the proposed LOLR has an ‘emergency liquidity assistance’ regulation, which will elaborate bailout measures for a bank in need.