Standard Chartered Bank recently reopened its representative office in Yangon as the only major international bank.

StanChart has banking operation in 10 ASEAN (Association of South East Association Nations) markets, said a press release.

The Bank believes it can play a key role in helping Myanmar to re-integrate into the global business community by acting as a catalyst for trade and providing technical assistance to support the country in developing a strong and vibrant financial sector.

Peter Sands, Chief Executive of Standard Chartered Bank group said “The growth of local economies in South East Asia is driving trade and economic success across the region.

We believe our presence will help our global network of Wholesale Banking clients to tap into these opportunities, and contribute to Myanmar’s efforts to grow in a sustainable manner.”

The representative office is located at Centrepoint Towers at the intersection of Sule Pagoda Road and Merchant Road and will be headed by Tina Singhsacha, StanChart Country Head for Myanmar.

Anwar Hossain Khan, Chairman of Shahjalal Islami Bank, presides over a board meeting at its board room in Dhaka recently.

The 166th meeting of the board of Shahjalal Islami Bank Limited (SJIBL) was held at its board room in Dhaka recently.

Anwar Hossain Khan, Chairman of the board of the bank, presided over the meeting, said a press release.

During the meeting, the board approved a number of investment proposals and discussed various issues relating to policy matters of the bank.

Ishtiaque Ahmed Chowdhury has been promoted to Managing Director and CEO of Trust Bank Limited.
In addition to his new assignment, he will work as Managing Director for Trust Bank Investment Limited, a subsidiary of Trust Bank, said a press release. Prior to his new position, he was Deputy Managing Director of the bank.

He started his banking career as Probationary Officer at Rupali Bank in 1977. He completed his MA and LLB from Dhaka University.

He is the Secretary General of Association of Bankers Bangladesh (ABB), Treasurer of Childhood Cancer Society and life member of Dhaka University Alumni Association, Gulshan Society and Jalalabad Association, permanent member of Dhanmondi Club Limited and Station Club Limited, Sylhet.

United Commercial Bank has launched its mobile financial services ‘UCASH’ with the slogan ‘Akash Chowa Sheba’.

The bank has signed its first agreement with mobile operator Robi Axiata for providing the services to the unbanked people of the country, said a news release. 

UCB managing director Muhammed Ali and Robi Axiata chief executive officer Michael Kuehner signed the agreement on behalf of their respective sides. 

Additional managing directors of UCB M Shahidul Islam and Mirza Mahmud Rafiqur Rahman, Semicon Pvt MD Kazi Mahfuzul Karim, Robi Axiata country head of digital services Rozano Marius Planta, among others, were present in the programme. 

All Robi customers registered with UCASH will be able to avail UCASH services of UCB through USSD, IVR which ensure transaction security, the release added. 

KS Tabrez, Managing Director of Dutch-Bangla Bank Limited, speaks at a branch managers’ conference at the bank’s head office in Dhaka Saturday.

The Managers’ Conference-2013 of Dutch-Bangla Bank Limited (DBBL) was held on Saturday to review the bank’s performance for 2012 and the business plan for 2013.

KS Tabrez, Managing Director of the bank, chaired the conference, said a press release.
Managers from 126 branches attended the conference.

Abul Kashem Md Shirin, Md Sayedul Hasan, Khan Tariqul Islam, Md Mosaddiqur Rahman, Deputy Managing Directors and all divisional heads and senior executives of Head Office of the bank were also present in the conference.