Krishi Bank opens 990th branch in Tangail
Bangladesh Krishi Bank (BKB) opened its 990th branch at Solakuri bazaar of Madhupur Upazila under Tangail district on Wednesday. Food Minister Dr Abdur Razzaque, MP, inaugurated the branch as chief guest.
It is learned that the branch is inaugurated in a remote village which is about 25 kms from Madhupur Upazila headquarter and 75 kms from district headquarter. A discussion meeting was held on the occasion.
The meeting was presided over by chairman of Bangladesh Krishi Bank Governing Body Khondoker Ibrahim Khaled.
Among other, Md Mizanur Rahman, deputy general manager of Tangail of BKB, Abdul Latif, regional manager, Dhoni Ram Mondol, audit officer, Khondoker Abdul Gafur Montoo, Upazila chairman of Madhupur, Dr. Meer Ferhadul Alam Moni, vice-chairman of Madhupur Upazila, Mohammad Habibullah, Upzila nirbahi officer of Madhupur, Azizul Hoque Lulu, convener of Madhupur Upazila Awami League, Yakub Ali, UP chairman, Bipul Chandra Kormoker, new manager of the branch, spoke on the occasion.
News: The Daily Independent/Bangladesh/15-Nov-12
Two Banks’ Statuses DeteriorateBB unlikely to lift early warning
Bangladesh Bank may not withdraw early warning regime from two private commercial banks because of their deteriorating financial statuses in every parameter.
The banks are Al-Arafah Islami Bank Ltd and Social Islami Bank Ltd (SIBL).
Meanwhile, BB has identified two other problem banks – ICB Islamic Bank Ltd and Bangladesh Commerce Bank Ltd. These banks failed to better their financial statuses and internal governance required to maintain market standard.
The central bank sources said, if any bank faces problems in financial operation, it is brought under early warning system and monitored very closely till the situation improves.
BB sources said the recovery status of non-performing loans by all the four banks is very poor, though these banks have substantially attained progress in some areas of respective financial operation.
The banking sector’s performance has been evaluated through CAMELS rating. The rating involves six crucial dimensions of analysis and evaluation of banking operations.
The dimensions include capital adequacy, asset quality, management soundness, earnings, liquidity, and sensitivity to market risk.
BB introduced Early Warning System of supervision from March 2005 to address the difficulties faced by the banks in any of the areas of required standards under CAMELS rating.
“The central bank’s assigned officials are closely monitoring improvement in the statuses of four banks so these banks can have good internal governance to ensure better performance,” said SK Sur Chowdhury, BB deputy governor.
He said the time of lifting early warning from the banks is yet to come, although concerned banks have improved output in some areas under the central bank’s supervision.
The managements of Al-Arafah Islami Bank and SIBL are trying to have ‘early warning regime’ lifted to show cleaning of bad image, said BB sources.
On the other hand, BB used CAMEL rating system to evaluate commercial banks analysing five indicators including capital adequacy, asset quality, management soundness, earnings, profitability and liquidity status.
The source added that BCBL and ICB Islamic Bank could not improve the capital base and asset quality as per requirement of CAMEL rating.
Five private banks earlier came out of problem bank category by improving in almost all necessary areas under CAMEL rating system, said the sources.
These banks included Pubali Bank Ltd, National Bank Ltd, United Commercial Bank Ltd, The City Bank Ltd and NCC Bank Ltd.
News: The Daily Sun/Bangladesh/15-Nov-12
Southeast Bank opens branch in N’ganj
Mahbubul Alam, Managing Director of Southeast Bank Limited, inaugurates the 89th branch of the bank at Bhulta in Narayanganj recently.
Southeast Bank Limited opened its 89th branch at Bhulta in Narayanganj recently.
Mahbubul Alam, Managing Director of the bank formally inaugurated the branch as chief guest, said a press release Wednesday.
Shahid Hossain, Addit-ional Managing Director, SM Mainuddin Chowd-hury, Deputy Managing Director, Mahbubul Alam, Head of Bhulta Branch, renowned businessmen, industrialists, customers, educationists, and local elites were present in the inaugural ceremony.
From now on, all modern commercial banking services will be provided to the customers from the branch.
Besides, the hard-earned money of the Bangladeshi expatriates working abroad shall be handed over speedily to their beneficiaries.
News: The Daily Sun/Bangladesh/15-Nov-12
Anisul Haque made SIBL Chairman
Anisul Haque - Rabban Ali
Md Anisul Haque was elected chairman of Social Islami Bank Limited (SIBL).
Besides, Alhaj Sk. Mohammad Rabban Ali and Md. Sayedur Rahman were elected vice-chairmen of the bank.
The election was held at the 277th meeting of the board of directors of the bank in Dhaka Tuesday, said a press release.
Md Anisul Haque, a director (Finance and Accounts) of Hamdard (Waqf) Bangladesh, is also a founder director of SIBL on behalf of Hamdard (Waqf) Bangladesh.
Besides doing business, he has been making remarkable contributions to various fields like social welfare, education, health and religious activities.
Al-haj Sk. Mohammad Rabban Ali is a leading businessman and industrialist of the country. He is the founder director of SIBL.
News: The Daily Sun/Bangladesh/15-Nov-12
Govt appoints 2 BB directors
The government has appointed four directors in three financial institutions including the Bangladesh Bank (BB), official sources said.
The Banking and Financial Institutions Division of the Finance Ministry Wednesday issued four separate circulars on appointment of the directors for the BB, the International Finance Investment and Commerce (IFIC) Bank and the Bangladesh House Building Finance Corporation (BHBFC).
As per the circulars, the newly-appointed Banking Secretary M Aslam Alam, and Chairman of the National Board of Revenue (NBR) and Secretary of Internal Resource Division Md Ghulam Hussain have been appointed directors of the BB.
M Aslam Alam will replace Shafiqur Rahman Patwari and Md Ghulam Hussain will replace Nasiruddin Ahmed.
Additional Secretary of Finance Division Jalal Ahmed has been appointed government director of IFIC Bank and Additional Secretary of the division Shudhangshu Shekhar Biswas as director of BHBFC.
News: The Daily Sun/Bangladesh/15-Nov-12