Md. Nurun Newaz Salim, Chairman, NCC Bank Limited, speaks at the executives and branch managers’ annual conference 2014 at a hotel in Dhaka on Thursday.

The two-day long executives and branch managers’ annual conference-2014 of NCC Bank Limited ended at a hotel in Dhaka on Thursday.

Md. Nurun Newaz Salim, Chairman of the bank inaugurated the conference as chief guest, said a press release.

Mohammed Nurul Amin, Managing Director and CEO presided over the conference while Vice Chairman ASM Mainuddin Monem, Chairman of the Audit Committee Md. Amirul Islam, Directors Khairul Alam Chaklader and Sohela Hossain were present.

Managing Director of EXIM Bank Dr. Mohammed Haider Ali Miah has been elected as the President of United Nations Special Consultative Status Organisation “Global Economist Forum”- Bangladesh Chapter (GEF-B).

 Managing Director of EXIM Bank Dr. Mohammed Haider Ali Miah has been elected as the President of United Nations Special Consultative Status Organisation “Global Economist Forum”- Bangladesh Chapter (GEF-B).

The forum elected Dr. Miah today in its Biannual General Meeting held at Dhaka on Saturday, said a press release.

The newly-elected President Dr. Mohammed Haider Ali Miah said in his speech, the forum will work for poverty alleviation, increasing of employment, young entrepreneurs and production as well as economic development of the country.

First Security Islami Bank Limited (FSIBL) opened zonal office in Sylhet on Saturday.

AAM Zakaria, Managing Director of FSIBL, inaugurated the zonal office, said a press release.

Syed Waseque Md Ali and Syed Habib Hasnat, Deputy Managing Directors of the bank, Raisuddin Ansary, Zonal Head of Sylhet Zone, Muhammad Abdul Basit, Manager of Sylhet branch and other branch managers of Sylhet Zone attended the function.

Dr. Khondoker Bazlul Hoque, Chairman of Agrani Bank Limited, speaks at the Zonal Heads and Corporate Branch Managers Annual Conference-2014 in Dhaka on Saturday.

Agrani Bank Limited organised Annual Conference-2014 for zonal heads and corporate branch managers in Dhaka on Saturday.

Dr. Khondoker Bazlul Hoque, Chairman of the bank inaugurated the auspicious ceremony as chief guest, said a press release.

Directors of the bank Arastoo Khan, AK Gulam Kibria, FCA, Engineer Md. Abdus Sabur, KMN Manjurul Hoque Lablu, Prof. Dr. Abdur Rouf Sarder, Shameem Ahsan and Altaf Hossain Molla were present.

Investors exchanged the stock valued Tk3.3 crore at the last trading session of the week

Shares of state-owned Rupali Bank Limited saw a price hike of 10% at Dhaka Stock Exchange yesterday.

Investors exchanged the stock valued Tk3.3 crore at the last trading session of the week.

Brokers attributed the price hike with the bank’s better performance and strong fundamentals.

The management disclosed a profit of Tk5.64 crore in its unaudited third quarterly report ending in September last year against a loss of Tk26.7 crore in the same period of 2012. Negative net interest income during the third quarter of 2012 is the reason for the downfall of the bank.

Nevertheless, the bank showed higher net interest income during the first nine months of 2012 than the same period of 2013.

The management failed to book higher profit in the first nine months of 2013 than a year earlier due to higher provision in 2012.

Bank’s consolidated net profit was Tk80.2 crore after tax during the first nine months of 2013, which is higher than Tk45 crore profit after tax same period in 2012.

In November 24 last year, the bank informed that it has signed a trust deed on November 21, 2013 regarding “vanguard AML Rupali Bank balanced fund” with ICB.

“It may be mentioned that Rupali Bank Limited approved a proposal to invest in a Mutual fund totalling Tk200 crore. Rupali Bank will provide an amount of 40 crore as sponsor,” added the disclosure posted on the DSE website.

As of 2012 year-end, the stocks had a restated net asset value of Tk64.27 each whereas the current closing of the stocks price is Tk78.1 each.