The 472nd meeting of executive committee (EC) of the board of directors of Al-Arafah Islami Bank Limited was held in the city on Monday. Chairman of the EC Abdus Samad presided over the meeting. Vice chairman, members and Managing Director of the bank Md Habibur Rahman were present in the meeting.

Social Islami Bank Limited (SIBL) and Dhaka Electric Supply Company Limited (DESCO) recently signed an agreement regarding collection of electricity bill of DESCO through the bank. Deputy Managing Director of SIBL AMM Farhad and Company Secretary of DESCO Md Shofiqul Islam signed the agreement on behalf of their respective organisations. Senior Executive Vice President of SIBL Md Shafiqul Islam and Managing Director of DESCO Brig Gen Md Shahid Sarwar were present at the signing ceremony.

 NCC Bank handed over more than one thousand blankets to Bangaldesh Bank for distribution among the cold-hit distressed people of the country.

Managing Director and CEO of the bank Golam Hafiz Ahmed handed over the blankets to Deputy Governor of Bangladesh Bank SK Sur Chowdhury recently, said a press release. DMD of NCC Bank Akhtar Hamid Khan, Senior Executive Vice President M. Wahedur Rahman and GM of BB AFM Asaduzzaman attended.

Citi is the best bank in Asia for 2014, according to leading industry publication FinanceAsia.

The editorial team of the magazine awarded Citi for the sixth times based on its performance in institutional and retail banking for the last 12 months.

Citi also picked up best M&A bank after leading over US$85bn of M&A transaction in 2014. The bank�s client work was also recognized via deal of the year, best equity deal, best IPO, best equity linked deal, best M&A deal, best project financing, best loan and best private equity deal. The bank also led the transaction that picked up the best country deal in Korea.

�In a highly competitive market, this independent recognition is greatly appreciated by all of us at Citi. I would like to thank our clients who place their trust in us to meet their financial needs day in and day out and without whom this award would not be possible,� said Stephen Bird, CEO of Citi in Asia Pacific.

�By leveraging Citi�s strong network, we strive to meet the expectations of our clients and this win demonstrates Citi�s commitment to providing the best solutions to them in the Asia Pacific region,� said Rashed Maqsood, Managing Director and Citi Country Officer for Bangladesh.