AKM Saifuddin Ahamed, DMD, Jamuna Bank Limited and Sohail Majid, Deputy Director (Marketing & Sales) of US-Bangla Airlines Ltd, exchanging an agreement signing documents at the bank’s head office in the city recently. Under the deal, employees and credit

Posted by BankInfo on Wed, Aug 02 2017 06:53 am

AKM Saifuddin Ahamed, DMD, Jamuna Bank Limited and Sohail Majid, Deputy Director (Marketing & Sales) of US-Bangla Airlines Ltd, exchanging an agreement signing documents at the bank’s head office in the city recently. Under the deal, employees and

News:new nation/2-jul-2017

BASIC Bank falls short of BB's performance targets

Posted by BankInfo on Tue, Aug 01 2017 11:34 am

Scam-riddled BASIC Bank has failed to comply with the conditions imposed by the Bangladesh Bank for 2016 with the singular view of improving its financial health.

For instance, the bank last year went past the single borrower exposure limit, lending Tk 620 crore more than it is permitted to by the rule to a total of 20 clients, according to a BB report.

Alauddin A Majid, chairman of BASIC Bank, acknowledged the transgressions, adding that most of the loans were extensions of old loans.

Of the total excess loan amount, about Tk 200 crore were new loans, he said.

The BB had set a recovery target of Tk 1,118 crore from defaulted borrowers, but the state-run lender could manage only 12.5 percent of the sum.

The recovery from top 20 defaulters was more disappointing: it managed only 1.63 percent against the target of Tk 538 crore.

But the recovery from other defaulters was relatively better as the lender managed to collect nearly Tk 132 crore against the target of Tk 580 crore.

The recovery from bad loans was very poor last year as many of the clients who were given loans violating rules during the tenure of earlier board could not be traced, said a senior executive of BASIC Bank.

The bank failed to cut its default loans by Tk 1,974 crore last year. Instead, it went up by Tk 648 crore.

As of March, the lender's total default loans swelled and stood at 53.9 percent, or Tk 7,373 crore.  Furthermore, it failed to maintain the capital adequacy ratio. Its capital adequacy ratio went to 12.52 percent in the negative against the target of 10.6 percent.

Despite a capital injection of Tk 1,200 crore in 2015, BASIC incurred huge capital shortfall of Tk 2,684 crore at the end of December last year.

As of March, the capital shortfall was Tk 2,961 crore. BASIC focused on quality loan disbursement to overcome losses as it has huge deposits, according to Majid.

As of March, BASIC's advance deposit ratio, which measures loans as a percentage of deposits, was 99.26 percent, which is more than the authorised limit of 80 percent, according to central bank data.

The bank's loan growth last year was 5.54 percent against the BB-imposed ceiling of 12 percent. 

News:Daily Star/1-Aug-2017

Bank manager hangs himself

Posted by BankInfo on Tue, Aug 01 2017 10:56 am

Police recovered the hanging body of the branch manager of Jamuna Bank's Beanibazar branch from his rented residence in Sylhet district on Monday afternoon.

The deceased was identified as Sajal Kanti Dev, a resident of Bagbari area of the district town, and father to a son and daughter. His family members live in the city, reports UNB.

Chandan Kumar Chakrabarti, Officer-in-Charge of Beanibazar Police Station said Sajal used to live on the third floor of the Al-Arafah Bank building with a colleague. He would go home for lunch during his break before returning to office.

"Today at lunch time he went to his residence but didn't return. That's why some employees went there and knocked but he did not respond. So, they informed owner of the building, local councillor and police," the OC relayed. 

Later, police broke the door and recovered the body hanging by a rope from a fan. It was subsequently brought down and sent to Osmani Medical College Hospital.

The reason behind the suicide could not be known immediately, OC added.

News:Finacial Express/1-Aug-2017

NRB Global Bank opens branch at Madhabdi

Posted by BankInfo on Tue, Aug 01 2017 10:38 am

NRB Global Bank Chairman Nizam Chowdhury inaugurates a branch of the bank at Madhabdi in Narsingdi on Sunday.

NRB Global Bank opened a new branch at Madhabdi in Narsingdi on Sunday.

Nizam Chowdhury, Chairman of the bank inaugurated the branch as chief guest, said a press release.

Director Rashed Uddin Mahmud,  Managing Director Proshanta Kumar Halder, divisional heads of head office, branch managers and distinguished clients were also present on the occasion.

The new branch will provide quality services to the customers and will expand its network at home and abroad to provide ‘Great Experience’ to its stakeholders.

News:Daily sun/1-Aug-2017

NRBC Bank organises business dev dialogue

Posted by BankInfo on Tue, Aug 01 2017 10:31 am

NRBC Bank organised a programme on Business Development Dialogue at a hotel in the city on Saturday.

Heads of 52 branches of the bank took part in the meeting, said a press release.

Managing Director and CEO along with high officials of head office of the bank was present in the programme.

Managing Director in his speech congratulated all managers for the overall performance of the bank upto June 2017 despite multifarious obstacles.

An open discussion was conducted regarding bank management and the existing situation of the bank in the programme.

During the discussion, it was emphasised to sustain the asset quality and credit management of the bank and to give all out efforts to achieve business target at the end of the year.  

News:Daily sun/1-Aug-2017
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