SM Nazrul Islam, Head of General Services Division of First Security Islami Bank Limited, inaugurating its shifted Mohila Branch at College Road, Patiya in Chittagong on Sunday. Md. Wahidur Rahman, Chittagong Zonal Head and Mukti Chowdhury, Manager of the

Posted by BankInfo on Mon, Jul 31 2017 08:37 am

SM Nazrul Islam, Head of General Services Division of First Security Islami Bank Limited, inaugurating its shifted Mohila Branch at College Road, Patiya in Chittagong on Sunday. Md. Wahidur Rahman, Chittagong Zonal Head and Mukti Chowdhury, Manager of the

News:new nation/31-jul-2017

NRB bank begins journey in Rajshahi

Posted by BankInfo on Mon, Jul 31 2017 08:31 am

NRB Bank Limited has started journey with its 26th branch at Sultanabad area in the city on Sunday offering the best suite of credit cards with EMV Chip Security, says a press release.
The Managing Director and Chief Executive Officer Mehmud Hossain inaugurated the branch as chief guest. He hoped that the city dwellers would receive modern services of the bank and the branch will help promoting business and other commercial activities in the city.
He says NRB Bank offers full range of financial solutions to the small and medium enterprises for empowering sustainable growth.
"We are to be at your side when your growth vision is challenged by scarcity of fund. We are always ready to quick and easy loan processing, need based designing of financing solutions package with our experienced management team," Mehmud Hossain added.

News:new nation/31-jul-2017

SM Amzad Hossain, Chairman of South Bangla Agriculture and Commerce Bank Limited, inaugurating its 56th branch in Kushtia town on Saturday. Md Rafiqul Islam, CEO of the bank and local elites were present.

Posted by BankInfo on Mon, Jul 31 2017 08:15 am

SM Amzad Hossain, Chairman of South Bangla Agriculture and Commerce Bank Limited, inaugurating its 56th branch in Kushtia town on Saturday. Md Rafiqul Islam, CEO of the bank and local elites were present.

News:new nation/31-jul-2017

Mercantile Bank focuses on SMEs

Posted by BankInfo on Sun, Jul 30 2017 11:10 am

Mercantile Bank has shifted its focus on retail and SME banking instead of corporate lending, CEO Kazi Masihur Rahman said yesterday.

“We won't waste our time running after big clients. I have asked our officials to look for SME (small and medium enterprises) and retail customers,” he told journalists while disclosing the bank's half-yearly earnings at a programme at its headquarters in the capital.

As part of the move, he said the bank has segregated its branches based on corporate, SME and retail banking. It aims to disburse Tk 3,200 crore in loans to SMEs this year, up 60 percent year-on-year, he said.

Established in 1999, Mercantile Bank earned more than Tk 500 crore in operating profit for the first time last year. It went up to Tk 325 crore in this year's first half, up 42 percent from the same period a year ago.

“...now sky is the limit for us,” said Rahman. He said they were investing a huge amount of money on their IT wing to ensure security of customers. But, he declined to disclose the figure.

The bank's deposits and loans have increased 19 percent while overall import and export business 35 percent and 15 percent respectively in the first half of 2017.

Meanwhile, nonperforming loans of the bank went down to 4.31 percent from 5.13 percent in the corresponding period of the previous year. The industry average was more than 10 percent at the end of March this year.

Capital to risk weighted assets ratio of the bank stands at 12.07 percent, well above the regulatory ceiling of 10 percent.

The bank has 119 branches, 153 ATMs and 20 cash deposit machines across the country. It also has two fully-owned subsidiaries -- Mercantile Bank Securities Ltd and Mercantile Bank Exchange House (UK) Ltd.

The bank has 10.23 lakh deposit and 53,000 borrower accounts; its 1.76 lakh cards are active while nearly 4.75 lakh customers are using mobile banking services.

Growing business has increased its earnings per share to Tk 2.02 at the end of June this year from Tk 1.32 last year, said the CEO. Additional managing directors, deputy managing directors and other senior officials were present.

News:Daily star/30-jul-2017

 

 

 

 

 

 

 

AE Abdul Muhaimen appointed MD of UCB

Posted by BankInfo on Sun, Jul 30 2017 11:00 am

Prior to that, he was the Additional Managing Director of UCB

AE Abdul Muhaimen has been appointed as the Managing Director of United Commercial Bank Limited (UCB).

Prior to that, he was the Additional Managing Director of UCB.

Abdul Muhaimen is a senior banking professional with 30 years of experience with multinational corporations and regional banks in Asia, Australia, Middle East.

Mr. Muhaimen have also held Board positions as a Director on the Boards of Brac EPL, Brac EPSL, bKash and IIDFC in Bangladesh.

News:Dhaka Tribune/30-jul-2017
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