NCC bank 2-day H1 business conf ends
Abdus Salam, Chairman of NCC Bank Limited, inaugurating the two days long\'Half Yearly Business Conference-2017\' of executives and branch managers\' in Dhaka on Saturday. EC Chairman SM Abu Mohsin and Audit Committee Chairman Md Amirul Islam FCA, FCS wer
A two-day 'Half Yearly Business Conference-2017' organised by NCC Bank Limited (NCC Bank) for its executives and branch managers concluded in the city on Sunday.
The bank organised the conference to increase its business by rendering better services, said a press release.
NCC Bank Chairman Abdus Salam inaugurated the conference as the chief guest, while its Managing Director and CEO (Current Charge) Mosleh Uddin Ahmed presided over the programme.
The bank's Executive Committee Chairman SM Abu Mohsin and Audit Committee Chairman Md Amirul Islam attended the ceremony as special guest.
NCC Bank Deputy Managing Directors Md Fazlur Rahman and Md Habibur Rahman were present on the occasion along with other Senior Executives and Managers of the bank.
SBL, LGSP sign agreement to disburse money
Sonali Bank Limited (SBL) on Monday signed an agreement with Local Governance Support Project-3 (LGSP) to maintain the project accounts and disburse project money to Union Parishads and Pouroshavas through its countrywide network.
Project Director of LGSP-3 and joint secretary Sardar Sarfat Ali and Deputy Managing Director of the Bank Amin Uddin Ahmed inked the agreement on behalf of their respective organizations at city centre here, said a press release.
Local Government Division of LGRD and Cooperatives ministry, financed by Bangladesh Government and the World Bank, is implementing the project to make the Union Parishod and Pouroshovas more effective, dynamic and accountable.
China cancels charges on bank services to support real economy
Xinhua, Beijing :
China's top economic planner announced Monday the country's lenders will cancel or suspend charges on some financial services to support the development of the real economy.
The move will reduce the financial burden on bank clients by 6.1 billion yuan (897.7 million U.S. dollars) each year, the National Development and Reform Commission (NDRC) estimated.
Starting from Aug. 1, commercial banks will no longer collect commission fees on individuals' inter-city cash withdrawals from their own counters, the NDRC said in a statement.
Six items of charges on cashier's checks and bank drafts will be suspended, according to the NDRC.
It said lenders should also waive account management fees and annual fees for clients who have only one account at a single bank.
China's central government has pledged to reduce corporate costs by 1 trillion yuan this year by cutting taxes and administrative fees, amid efforts to boost the vitality of a slowing economy.
StandChart Bangladesh wins Power Deal of the Year
Naser Ezaz Bijoy, Managing Director and Country Head of Global Banking, Standard Chartered Bangladesh (2nd from right), receives the Power Deal of the Year Award at Asset Triple A Asia Infrastructure Awards 2017 from Managing Editor of the Asset Magazine
Standard Chartered Bank Bangladesh has won Power Deal of the Year at Asset Triple A Asia Infrastructure Awards 2017 for its role in financing the Northwest Power 225MW Unit 3 CCPP project, says a press release.
Standard Chartered played the role of the lead arranger, ECA/MIGA coordinator, Account Bank and Security Agent for the transaction. The transaction was closed in the shortest time for any multi export credit agency (ECA) financed power project in Bangladesh.
Unit 3 comes less than a year after the successful closure of North-West Power's Sirajganj 225MW Unit 2 CCPP project.
The awards were handed over to Naser Ezaz Bijoy, Managing Director and Country Head of Global Banking, Standard Chartered Bangladesh at a grand gala event held in Hong Kong recently. Commenting on the win, he said, "Today, financing mobilized by Standard Chartered supports over 23% per cent of the total installed power capacity in the country. Standard Chartered has a 112-year legacy of being a proud partner in progress to Bangladesh, and it has been our privilege to be able to support Bangladesh's power sector, a vital engine for our nation's growth."
Standard Chartered Bangladesh is the largest arranger of international financing for the Bangladesh power sector and remains the key international lender with an established track record in structuring and arranging financing for independent power producers (IPPs). Standard Chartered is also the largest project finance bank in Bangladesh, having led and arranged the first ECA backed power project financing (developed by an SOE) in Bangladesh in 2012 and first IPP power project financing post the new thrust to power projects by Bangladesh Power Development Board since 2008.
Md. Abdul Halim Chowdhury, Managing Director of Pubali Bank Ltd, inaugurating a workshop on “Manager & His Job” at its Training Institute recently.
Md. Abdul Halim Chowdhury, Managing Director of Pubali Bank Ltd, inaugurating a workshop on “Manager & His Job” at its Training Institute recently.
news:new nation/11-jul-2017