Southeast Bank MD receives Relationship Award
Shahid Hossain, Managing Director, Southeast Bank Limited, received Relationship Award from Alexander Rost, Regional Head for Indian Subcontinent of Commerzbank AG, Germany in recognition of the bank’s excellent cooperation, at a ceremony held at the bank’s head office recently.
News:Daily Sun/3-Mar-2014BB gives support to foster sustainable growth
Bangladesh Bank Governor Dr Atiur Rahman speaks at a seminar on Education for Sustainable Development at BARC auditorium in Dhaka on Saturday.
Bangladesh Bank (BB), as the regulator of the financial sector, is providing necessary support mechanisms to foster sustainable and inclusive growth.
To spread the benefits of the nation’s impressive economic growth to country’s rural and lower-income population, BB is ensuring sufficient and visible credit facilities to agricultural, SME, environment-friendly and other productive sectors of the economy. It has also emerged as a lead organization in the country in implementing the government’s vision of establishing ‘Digital Bangladesh’.
Dr Atiur Rahman, Governor, Bangladesh Bank said this while speaking at a seminar on Education for Sustainable Development at BARC auditorium in Dhaka on Saturday.
The banking sector of the country is adopting IT based activities very fast. The concept of Green Banking is steadily gaining ground in Bangladesh due to policy push on socially responsible financing by Bangladesh Bank, saod the governor.
Professor Dr. Kuniaki Yamashita, Director, Japan Society for the Promotion of Science (JSPS), attended the seminar.
Sustainable development refers to the development in which environmental, societal and economic considerations are balanced, said the governor mentioning that people around the world now recognise that there are a lot to do beyond the conventional model of development for realizing the urgent need to recast our ways of living that continue to promote unsustainable consumption of resources, degradation of ecosystems, deforestation, and exploitation of the gift of nature.
While the need for sustainable development is clear, the ways and means to address it may not be so easy. However, the path towards sustainable development is gradually unfolding. Public awareness, education and training are the keys in guiding society towards sustainability, he added.
“We have inherited this earth from our ancestors, but borrowed from your children. So this needs to be kept safe for them. Education including acquisition, creation and adaptation of knowledge, skills and values enables people to live together in a way that contributes to inclusive development. It helps build the capacity of individuals, communities and society as a whole in making informed judgments and choices by making sustainable development understood and applied in a concrete way. Education also helps develop the capacity for critical reflection and systemic thinking as well as motivates actions that promote sustainable development,” said the BB chief.
The development of a sustainable society should be seen as a continuous process of learning, involving a variety of actors providing guidance and leadership in formal and informal learning. The young generation need to develop skills, knowledge and attitudes for today’s rapidly changing technology-driven world. This is particularly relevant with regard to developing skills like creativity, flexibility and problems solving mechanisms that are matching with the evolving demand of the sustainable society, he contimued.
With a stronger focus on sustainable human development, equity and inclusive growth; education should be at the center of the national development agenda, he stressed.
BB's finance for agro-based plants grows three-fold
Loan disbursement in agro-based industries under the central bank's refinance scheme rose three-fold in 2013 from a year ago.
The scheme gave out Tk 197 crore in loans from the agro-based refinance scheme last year, compared to Tk 65 crore in 2012.
Loan distribution increased due to Bangladesh Bank's direct monitoring and increase in the size of the available fund, a central bank official said.
The BB increased the loan scheme—formed in 2003 with Tk 100 crore—to Tk 400 crore last year.
Borrowers except in Dhaka city, divisional cities, and Narayanganj city can access loans under the scheme.
The scheme covers 37 sectors including cold stores, dairy, jute products, tea processing and flower preservation. The maximum applicable rate of interest is 10 percent.
Till date, Tk 403 crore loans have been disbursed from the scheme, of which Tk 229 were outstanding as of December 2013, the BB official said.
RAKUB holdstown hall meeting
Rajshahi Krishi Unnayan Bank (RAKUB) organised a town hall meeting for all officers and staff of the bank of Lalmonirhat and Kurigram zones.
Prof Dr. M Shah Nowaz Ali, Chairman of the board of directors of RAKUB, presided over the meeting as chief guest at Lalmonirhat Zila Parishad Auditorium on Saturday, said a press release.
Md Mofazzal Husain, Managing Director of the bank and directors, Saifuddin Ahmed, Joint Secretary of Economic Relations Division, Ministry of Finance, Md Abaydur Rahman Pramanik, Prof of Accounting and Information Systems, Rajshahi University and Dr. Nazmul Bari, Deputy Managing Director of the bank attended the meeting.
Emdadul Haque, Secretary of the board of RAKUB, Shumsur Rahman, Mahbubul Alom, zonal managers, managers and staff of 37 branches of Lalmonirhat were present.
Al-Arafah Islami Bank okays 13.5pc stock dividend
Badiur Rahman, Chairman of the board of Al-Arafah Islami Bank, presides over a board meeting at the bank’s head office in Dhaka on Thursday.
Al-Arafah Islami Bank Limited recommended 13.5 percent stock dividend for the year ended on 31st December 2013, subject to the approval of the annual general meeting (AGM).
The decision was taken at the 254th meeting of the board of directors of the bank, held at the bank’s head office in Dhaka on Thursday, said a press release.
Badiur Rahman, Chairman of the board of the bank, presided over the meeting.
During the meeting, the board members have taken a decision to organise the 19th AGM of the bank on 30th March 2014.
Vice Chairman of the board SM Shameem Iqbal, Members Md Harun-Ar-Rashid Khan, Abdul Malek Mollah,
Hafez Md Enayet Ullah, Abdul Moktadir, Ahamedul Haque, Abdus Samad, Kh Engr. Mesbah Uddin Ahmed,
Abdus Salam, Niaz Ahmed, Emadur Rahman, Doc. Md Shafiul Haidar Chowdhury, Brig. Gen. (Retd.) MA Malek,
Kazi Badruddin Ahmed, Managing Director of the bank Md Habibur Rahman, Company Secretary and Deputy Managing Directors attended the meeting.
News:Daily Sun/3-Mar-2014