AB Bank Limited organised a two-day training programme at the bank’s Training Academy at Dhanmondi in Dhaka recently.

The training programme “Account Opening & General Banking” was organised for 42 branches of the bank, said a press release.

Some 62 officers attended the training programme.

This programme was intended to provide adequate knowledge as regards to account opening procedure, products, aspects of customer service, tax and Vat pertaining to different account types, so that they can manage their responsibilities efficiently and provide a high standard of customer service.

Sajjad Hussain, Deputy Managing Director, Operations and Chief Risk Officer and Md. Aminur Rahman, Senior Vice President, Operations were present on the occasion.

Dhaka: Bangladesh Commerce Bank Training Institute recently organized a Training workshop on “Business Development & Customer Care”. Managing Director & CEO, Abu Sadek Md. Sohel, inaugurated the course as Chief Guest. Among others as Guest in honour, Prof. Dr. Toufic Ahmad Chowdhury, Director General, BIBM, Principal of the Institute M Abu Hena & Md. Mobarak Hossain, AVP and Faculty member were present on the occasion, reports in a press release.

Comilla : Bangladesh Commerce Bank Limited (BCBL) inaugurated its 44th branch “Kangshanagar Bazar Branch” in Burichong, Comillainformed by the authority.
Bangladesh Commerce Bank Limited (BCBL) inaugurated its 44th branch “Kangshanagar Bazar Branch” in Burichong, Comilla on 18 August 2014, Monday. Md. Yousuf Ali Howlader, Chairman of the Board of Directors of BCBL inaugurated the branch as Chief Guest. Mr. Abu Sadek Md. Sohel, CEO & Managing Director was present on the occasion as Special guest. Besides, local elite and a good number of valued customers as well as Senior Executives of the bank were present at the opening ceremony.

Bangladesh Bank has added three new products, including garment sector ones, to its refinance scheme of low-interest loans.

The banking regulator included solar water-pumps, green industry and workplace safety projects of the apparel industry in the scheme.

The highest loan limit for solar water-pumps is Tk 3 core, Tk 20 crore for green industry and Tk 1 crore has been earmarked for garment factories, the central bank said in a notice yesterday.

Borrowers will have to pay a 9 percent interest rate for green industry and garment factories and 11 percent for solar irrigation pumps. The repayment period is six years, five years and 10 years respectively, with a nine-month grace period.

Earlier in May, BB included 26 new products to its revolving refinance scheme for solar energy, biogas and effluent treatment plants.

The central bank set up a Tk 200 crore revolving fund in 2009 for banks and financial institutions to disburse as low interest loans for solar energy, biogas and effluent treatment plants.

The central bank provides funds to banks and financial institutions at 5 percent interest, so they can provide loans on easy terms.

Bangladesh is willing to join the newly-formed BRICS Bank though the multilateral development bank is yet decide on whether it would include any country outside the five founder nations.

“We have decided to join BRICS Bank,” Finance Minister AMA Muhith told reporters after a meeting yesterday with Asian Development Bank Vice-President Lakshmi Venkatachalam at his secretariat.

Officially called the New Development Bank (NDB), it was formed in July 2013 by the emerging markets of Brazil, Russia, India, China and South Africa as an alternative to the US-dominated World Bank and International Monetary Fund.

Each of the five nations will initially contribute $10 billion to bring the bank's starting capital to $50 billion. Its primary focus of lending, scheduled to start in 2016, will be infrastructure projects.

However, NDB is yet to decide on whether it would give membership to any country other than its founder members.

Finance ministry sources said the Economic Relations Division has sent a letter to Bangladesh ambassadors in the five countries to enquire whether the country can join the bank.

Bangladesh has also communicated to Indian High Commissioner in Dhaka Pankaj Saran its willingness to become a member of NDB.