A K M Shafiqur Rahman, Additional Managing Director of National Bank Limited, inaugurates the 169th branch of the bank at Saturia in Dhaka on Tuesday.

The 169th branch of National Bank Limited (NBL) was inaugurated at Saturia in Dhaka on Tuesday.

AKM Shafiqur Rahman, Additional Managing Director of the bank inaugurated the branch as chief guest, said a press release.

Shamsul Huda Khan, Deputy Managing Director of the bank presided over the meeting.

Mohammad Salim, EVP and Head of System and Operations Division of the bank delivered the welcome addresses.

Sheikh Sadi Mollah, Manager of Saturia branch delivered vote of thanks.

Dhaka, Oct 7: Bangladesh Bank governor Dr. Atiur Rahman hoped that the high rate of bank interest would come down gradually with decline of inflation rate which he has already scaled down substantially in recent days. The rate of inflation came down to 7.13 last month as against about 13 per cent in last year. “Nothing to be worried. Keep patience. The interest rate will come down as the rate of inflation slowed down,” said the governor while addressing a seminar on “Bank interest rates and Charges” at Bangabandhu International Conference Centre (BICC) conference room in Dhaka.
Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) organised the seminar to discuss the issue of high bank interests and charges which, the businessmen said, are hampering their trade and business seriously. Speakers at the seminar strongly protested the high rate interest and urged government intervention.
Finance Minister AMA Muhith, who attended the meeting for a short while, also admit the allegation adding that the interest rate spread should not be more than 4 percent. He tactfully avoided the businessmen’s demand for cut the bank interest rate adding that the government is still in power until announcement of the election schedule.  “Many think, the government’s authority to take any policy decision will be over this month, but I think we’ll have such authority until the next election’s schedule is declared. So, discuss the issue, send your proposal, we will think and 
take decision,” said the minister who leaves Dhaka Monday night for Washington DC to attend IMF annual meeting.
The governor also instructed the banks to reduce their cost of operations by cutting unnecessary expenditures and thus help reduce the spread of interest rate.  Despite the global economic meltdown, he said, the country’s economy still remains steadfast and doing well. “We are trying to reduce the service charges,” he added.
Attributing the reason behind high bank interest to huge accumulation of bad loan, the governor urged the bankers to be more cautious about lending loan and concentrate more on quality lending. Provisioning against bad loan is increasing the interest rate, said the governor.  Although the amount of debt loan has decreased substantially in recent days, still it is higher than any neighbouring countries.
Banking division secretary Dr. Aslam Alam, who attended the programme as a special guest, also urged the banker to reduce operational cost, introduce online banking and bring the huge unbanked people under banking network which he said would help reducing the interest rate.
Presided over by FBCCI president Kazi Akram Uddin, the programme was also addressed among others by former FBCCI president AK Azad, BAB chairman Nazrul Islam, industrialist MA Hashem and BGMEA president Atiqul Islam. Olicy Research Institute Executive Director Ahsan H. Mansur presented the key note paper on the subject.
Dr. Mansur in his paper said that the high interest rate and charges had adversely affected investment and domestic economy. He discussed in details the issues that control the rate of interest and structural aspect of the economy and the banking system. 
Dr Ashan H Monsur said that bank interest rate is high in Bangladesh because of increasing default and non-performing loans (NPLs) in the banking sector. “It’ll be very difficult to lower the interest rate until the NPLs are decreased,” he added.
Earlier, Kazi Akram Uddin and AK Azad urged government to take immediate measures to reduce bank interest rates and other charges. They also criticised the government for increasing the rate of interest in the case of savings certificates.

Engr. Md. Eskander Ali Khan, Chairman, Executive Committee of Islami Bank Bangladesh Limited, inaugurates the 281st branch of the bank at Fatulla in Narayanganj on Monday.

Islami Bank Bangladesh Limited opened its 281th branch at Fatulla in Narayanganj on Monday.

Engr. Md. Eskander Ali Khan, Chairman, Executive Committee of the bank inaugurated the branch as chief guest, said a press release.

Mohammad Abdul Mannan, Managing Director of the bank presided over the function while Md. Obaidul Haque, Executive Vice President and Head of Dhaka South Zone of the bank addressed the function.

News:Daily Sun/8-Oct-2013

HN Ashequr Rahman, MP, Chairman of Meghna Bank Limited, is seen at the inaugural ceremony of the first rural branch of the bank at Sathibari Bazar, Mithapukur in Rangpur recently.

Meghna Bank Limited opened its first rural branch at Sathibari Bazar, Mithapukur in Rangpur recently.

HN Ashequr Rahman, MP, Chairman of Meghna Bank Limited inaugurated the second branch of the bank, said a press release on Monday.

Dr. Khondoker Bazlul Hoque, Chairman of the Board of Directors of Agrani Bank, presides over a meeting at a hotel in Dhaka on Sunday.

The 6th annual general meeting (AGM) of Agrani Bank Limited was held at a hotel in Dhaka on Sunday.

Dr. Khondoker Bazlul Hoque, Chairman of the board of directors of the bank, presided over the meeting, said a press release.

During the meeting, the board approved the financial statements for the year 2012, reports of the directors and auditors fee for the year 2012 and the bank's activities and the result achieved in 2012.