Islami Bank Bangladesh Limited (IBBL) organised a views exchange meeting and Ifter mahfil in honour of the representatives of foreign exchange houses’ liaison office in Bangladesh at a local hotel on Monday.

Mohammad Abdul Mannan, Managing Director of the bank attended the function as chief guest, said a press release.

 Al-Arafah Islami Bank Limited organised a discussion meeting on “Ramjan o Al-Quran (Ramadan and Al-Quran)” at its Khilkhet branch on Sunday.

Md. Habibur Rahman, Managing Director of the bank was present as chief guest in the meeting, said a press release.

Md. Sharif Chowdhury, Branch Manager of the bank presided over the meeting.

The state-owned specialized Bangladesh Krishi Bank (BKB) is in the leading position in setting target for providing agriculture credit among all the 56 banks operating across the country in the fiscal 2014-15.

The BKB will distribute Tk 4800 crore agriculture loan among the farmers in the current fiscal. This was mentioned in the ‘Agriculture and Rural Credit Policy and Programme for fiscal year 2014-15’ announced by Bangladesh Bank on July 21. The central bank has set the target of total agriculture credit at Tk 15,550 crore for the fiscal.

As per the policy, the private and foreign banks will have to provide at least 2.5 per cent of the total credit to the agriculture sector while the new 9 banks have to provide 5 per cent of their total loan to the sector.

According to the policy statement, the BKB is followed by another state-owned specialized Rajshahi Krishi Unnayan Bank ( Rakub) with the target of Tk 16,00 crore.

Among the state-owned commercial banks, Sonali Bank leads the target with a fund of Tk 1180 crore while it is followed by the other three state-owned banks setting a target of Tk 750 crore by Janata Bank, Tk 660 crore by Agrani Bank, and Tk 150 crore by Rapuli Bank.

Among the private banks, Islami Bank Bangladesh Limited (IBBL) is leading the agriculture credit programme with a fund of Tk 790 crore. The IBBL is followed by AB Bank with Tk 270 crore, Exim Bank Tk 260 crore, Al Arafa Islami Bank Tk 251 crore, Prime Bank Tk 250 crore, UCBL Tk 250 crore, Pubali Bank Tk 235 crore, and National Bank Tk 230 crore.

The lowest target of Tk 3 crore was set for newly established Madhumati Bank while the other new banks’ target are Tk 50 crore for Union Bank, Tk 40 crore for NRB Commercial Bank, Tk 30 crore for South Bangla Agricultural and Commerce Bank, Tk 20 crore for Meghna Bank, Tk 20 crore for Midland Bank, Tk 13 crore for Farmers Bank, Tk 8 crore for NRB Bank, and Tk 28 crore for NRB Global Bank.

Among the foreign banks, Tk 222 crore for Standard Chartered Bank, Tk 10 crore for Al Falah Bank, Tk 19 crore for Commercial Bank of Ceylon, Tk 15 crore for Citibank NA, Tk 6 crore for Habib Bank, Tk 125 crore for HSBC, Tk 5 crore for National Bank of Pakistan, and Tk 3 crore for Woori Bank.

The Agriculture and Rural Credit Policy dictates that the banks provide the loan either directly or through partnership with NGOs or micro-finance institutions. 

Dhaka-Half yearly Managers conference of United Commercial Bank Limited (UCB) was held on Saturday at the head office of the Bank. The conference was presided by the Managing Director of UCB Mr. Muhammed Ali, reports in a press release.
Among others the Additional Managing Directors M. Shahidul Islam, Mirza Mahmud Rafiqur Rahman & A. E. Abdul Muhaimen were present at the conference. Moreover, Deputy Managing Directors Mohammad Abu Abdullah, Md. Tariqul Azam & Mohammad Shawkat Jamil along with other senior officials and managers of UCB were present at the conference.
Review of bank’s existing strategic policy for catering the future tactical work plan to expand the quality of client service and product diversity was the main issue of the conference. Everyone participating at the conference expressed their valuable opinion on the continuation and acceleration of the success of UCB.
United Commercial Bank Limited is one of the largest private commercial banks of the country dedicated to better client service and economic solution since its inception in 1983.

Mutual Trust Bank Ltd. (MTB) has taken responsibility for bearing all educational expenses up to HSC level for the two sons of late Liacot Ali, who lost his life while trying to save a young lady attacked by miscreants in Uttara, Dhaka on July 3, 2014, reports in a press release. Anis A. Khan, Managing Director & CEO of Mutual Trust Bank handed over a cheque of Taka Two Lacs, a certificate and a plaque to the widow of late Liacot Ali, Morsheda Akhter and her two sons, Morshedul Jannat and Mishkatul Mustakin Jim, at a simple ceremony held at the MTB Corporate Head Office in Gulshan, Dhaka on July 17, 2014. The bank also launched “MTB Bravery Awards” at the event, which has been introduced specially to honour people like Liacot Ali, and who show great courage with a spirit of self-sacrifice to save and protect the lives of other people put on peril. MTB Deputy Managing Directors, other senior officials and relatives of late Liacot Ali were also present at the occasion.
It may be mentioned here that MTB honored the family of late Hazrat Ali, in 2012, in the same way. Hazrat Ali sacrificed his life while trying to save two lady pedestrians attacked by muggers in Mirpur. The two children of late Hazrat Ali have been receiving full educational support from MTB over the last two years.