Social Islami Bank Limited (SIBL) approved 10 percent stock and 5 percent cash dividends for its shareholders for the year ended on 31st December 2012.

The declaration made at the 18th annual general meeting (AGM) of the bank at Sunrise Community Center in Sylhet on Saturday, said a press release. Md Anisul Haque, Chairman of the board of directors of the bank, presided over while Md Shafiqur Rahman, Managing Director of the bank, attended the AGM.

Md Shafiqur Rahman expressed his sincere gratitude to the shareholders, clients and distinguished patrons for their cooperation and continuous support.

Deputy Managing Directors of the bank, head of branches, high officials of the corporate office and shareholders of the bank attended the meeting.

 United Commercial Bank Limited (UCBL) organised “Regional SME Meet-2013” at a local hotel in Narayangonj on Saturday.

Muhammed Ali, Managing Director of UCBL was present as chief guest while Sukamal Sinha Choudhury was present as special guest, said a press release.

Additional Managing Directors of the bank Mirza Mahmud Rafiqur Rahman and M. Shahidul Islam, Deputy Managing Directors Md. Tariqul Azam and Mohammad Shawkat Jamil, Joint Director, SME and Special Programmes Department of Bangladesh Bank SM Mohsin Hossain, other officials of UCBL were also present. 

Islami Bank Bangladesh Limited (IBBL) recently promoted six officials to Executive Vice Presidents (EVPs).

The officials are Md Shahidullah, Head of Nawabpur Road Corporate branch, Taher Ahmed, Head of Rangpur Zone, Md Yeanur Rahman, Head of Barisal Zone, Mohammod Ullah, Abu Reza Md Yeahia, Head of Board Secretariat Division and Md Altaf Hussain, Head of SME Investment Division, said a press release.

Md Shahidullah started his career in 1986 as probationary officer of IBBL. He worked at different branches in various positions including local office of the bank as Investment In-charge.

He obtained Masters Degree with Graduation in Economics from Rajshahi University.

He was trained up from various training institutes from home and abroad and visited Thailand, Hong Kong, China, Makao, Saudi Arabia, and India to participate in seminars and workshops on banking and economic affairs. Taher Ahmed joined IBBL in 1984 as probationary officer.

He served the bank in different important ranks including branch Incumbent of Ashuganj branch, Feni branch and Framgate branch.

He completed his masters in Statistics in 1982 from Jahangirnagar University.

The Board of Directors of Prime Bank in a recent meeting unanimously elected Md Shahadat Hossain as the new chairman of Prime Bank Foundation, said a press release.

A sponsor director and former vice-chairman of the bank, he also owns VIP Shahadat Poultry and Hatchery, VIP Shahadat Cold Storage and Rangpur Agro Industries.

Bangladesh Bank has announced that it had enlisted Modhumati Bank, which recently got licence from the BB, as a scheduled bank.

To this end, the central bank on Tuesday issued a circular to the managing directors and chief executive officers of all the banks asking them to inform this to all of their respective branches.

The BB circular said that the inclusion of Modhumati Bank had already been published in the Bangladesh Gazette.

It said that the new bank was enlisted on June 16.

The BB recently awarded Modhumati Bank the licence to go for full-fledged banking operation, a BB official told New Age on Wednesday.

Before getting the licence from the BB, the new bank had received approval from the Registrar of Joint Stock Companies and Firms to form banking companies, he said.