Moulana Gias Uddin, Khatib of Daxminkhan Central Jame Mosque and Manir Ahmad, Senior Vice President and Head of the bank’s Dhaka North Zone, distribute blankets to a cold-hit woman at Daxminkhan recently.

Al-Arafah Islami Bank Limited (AAIBL) recently initiated the blankets distribution programme among the cold-affected people of the country.

Mohammad Abdul Jalil, Deputy Managing Director of the Bank inaugurated the blankets distribution programme organised by Daxminkhan Branch of the bank, said a press release.

Moulana Gias Uddin, Khatib of Daxminkhan Central Jame Mosque and Manir Ahmad, Senior Vice President and Head of Dhaka North Zone were present on the occasion.

The bank provides more than 5 thousand blankets to the cold-hit poor people of 23 districts of the country as part of Corporate Social Responsibility (CSR).

Some selected 38 branches of the bank are carrying out the programme.

Bangladesh Bank (BB) is set to announce its Monetary Policy Statement (MPS) for the second half (H2) of the current 2013-14 (FY14) financial year on January 27, a BB official said.

One of the major focuses of the new MPS would be expansion of the private sector credit, but with a balanced policy approach, economic adviser of the central bank Dr Md Akhtaruzzaman told BSS earlier.

He said considering the trend of the economy and the political situation, the central bank is preparing its MPS for January-June 2014 period, which is expected to help increase credit flow to private sector with effective move to accelerate economic growth and maintain inflation.

The MPS for July-December 2013 cut the private sector credit growth to 15.5 per cent till December 2013 and 16.5 per cent till June 2014 from 18.5 per cent of January-June of 2013 only to arrest soaring inflation during this period.

News:Daily Sun/21-Dec-2013

Bangladesh Bank (BB) instructed the scheduled banks to strictly maintain cash reserve requirement (CRR) and statutory liquidity ratio (SLR) which will be effective from February 1.
Currently the conventional banks are maintaining the SLR at 19 per cent, including the CRR, and the Shariah-based Islamic banks maintain 11.50 per cent SLR, also including the CRR. But from now on the banks have to maintain the SLR and CRR seperately. As per the new circular, the required CRR will be 6.0 per cent on bi-weekly average basis of the average total demand and time liabilities (ATDTL) with a provision of minimum 5.5 per cent on daily basis of the same ATDTL. The required SLR will be 13 percent daily for conventional banks and 5.5 percent daily for Islamic Shariah-based banks and Islamic Shariah-based banking of conventional banks of their average total demand and time liabilities.
Department of Off-Site Supervision (DOS) of BB issued a circular in this connection on Sunday asking the chief executives of all scheduled banks to comply with the new procedure of the CRR and the SLR from the stipulated timeframe.
At present, banks are allowed to maintain cash reserve with local currency (Bangladesh Taka) only.

News:The Independent/21-Dec-2013

Shahjalal Islami Bank Limited organised its 154th meeting of the Board Audit Committee at the head office of the bank recently.

The meeting was presided over by Mosharraf Hossain, Chairman of the Board Audit Committee of the bank, said a press release.

Among others, Vice-Chairman of the Board of Directors Syed Nurul Arefeen, Director Alhaj Akkasuddin Mollah, Alhaj Tofazzal Hossain, Managing Director Farman R Chowdhury, Additional Managing Director Masihul Huq Chowdhury, Deputy Managing Director Md. Abdul Jabber Chowdhury were present.

News:Daily Sun/21-Dec-2013

 Mutual Trust Bank Limited (MTB) recently opened its 94th branch at Jan Bux Bhaban, in Sirajganj.

Md. Billal Hossain, Deputy Commissioner, Sirajganj inaugurated the branch as the chief guest, said a press release.

Group Chief Communications Officer of MTB, Sami Al Hafiz attended the inauguration programme along with local elite, people from different strata, managers of nearby MTB branches, senior officials of  MTB and prospective customers.

With the opening of MTB Sirajganj Branch, Mutual Trust Bank now has a network of 94 branches across the country.

MTB also has 5 Kiosks, 168 ATMs and 1500 POS Terminals and offers Online Banking, Internet Banking and SMS Banking in addition to regular banking services.