Dutch-Bangla Bank Limited (DBBL) donated Tk 7 million for constructing a building for Sholakuri College at Modhupur in Tangail recently.

KS Tabrez, Managing Director of the bank handed over a cheque for Tk 7 million to Yeakub Ali, Chairman, Organising Committee of Sholakuri College at the bank's head office in Dhaka recently, said a press release Wednesday.

News: Daily Sun/Bangladesh/02-Nov-12

  DHAKA: Deposits in banks marked about 20 percent rise in the past one year, thanks to the central bank’s policy support that encouraged savings, remittance inflow and discouraged unnecessary spending on credit.

Data released by the Bangladesh Bank (BB) showed that the total deposit in the banking sector in September soared to taka 5,01,260.08 crore, which was 19.69 percent higher than the deposit of taka 4,29,985 crore in the corresponding period last year.

“The deposit increased due mainly to effective monitoring on banking sector, flexible monetary policy and new loan rescheduling guideline,” BB’s executive director SM Moniruzzaman told BSS.

He also attributed the achievements to the banks for their inclusive financial activities like agro-financing, SME financing and lending to women entrepreneurs and eco-friendly projects.

The central banker explained that the inclusive financing made loan recovery easier and faster than the lending to the usual credit portfolios of banks such as trade financing and financing to urban projects.

Vice chairman of the Association of Bankers, Bangladesh (ABB) and managing director of Pubali Bank Helal Ahmed Chowdhury said higher inflow of remittance coupled with lower import of food items and declining inflation stabilized the liquidity positions in banks.

The deposit in private bank was taka 3,19,653.95 crore at the end of September when it was taka 1,25,393.58 crore in four state-owned commercial banks and was taka 23,864 crore in four specialized banks in public sector. —BSS

News: Daily Sun/Bangladesh/02-Nov-12

Al-Arafah Islami Bank Limited signed a Memorandum of Understanding (MoU) with Millennium Information Solution Limited at the board room of the bank in Dhaka recently.

Ekramul Hoque, Managing Director of Al-Arafah Islami Bank and Mahmud Hossain, Managing Director of Millennium Information Solution signed the MoU on behalf of their respective sides.

News: Daily Sun/Bangladesh/02-Nov-12

 The outstanding loans of five state-owned commercial banks (SoCBs) crossed Tk 320 billion, which the experts term as a risky situation for the country’s banking sector.

The state-run banks include the Sonali Bank, Janata Bank, Agrani Bank, Rupali Bank and Basic Bank.

Bangladesh Petroleum Corporation (BPC) grips some Tk 193.42 billion or 63 percent of the outstanding loans of the state-owned banks till September this year, Bangladesh Bank (BB) data shows.

Data suggests that the total amount of the outstanding loans of 38 state-owned enterprises to the state-run banks stood at Tk 338.43 billion till September, 2012.

Till September this year, the classified loans of the state-run firms amounted to Tk 12.67 billion, data shows.

BPC remains in debt of Tk 81.42 billion to Sonali Bank, Tk 59.86 billion to Janata Bank, Tk 48.83 billion to Agrani Bank and Tk 3.29 billion to Rupali Bank.

News: Daily Sun/Bangladesh/01-Nov-12

The 378th meeting of the Executive Committee of Jamuna Bank Limited was held at the bank’s head office in Dhaka recently.

Sakhawat Abu Khair Mohammad, Chairman, Executive Committee of Jamuna Bank Limited presided over the meeting, said a press release.

Md. Mahmudul Hoque, Chairman, Jamuna Bank Limited, Al-Haj Nur Mohammed, Chairman, Jamuna Bank Foundation, bank’s Director Alhaj Md. Rezaul Karim Ansari, Engr. AKM Mosharraf Hussain, Kanutosh Majumder, Md Sirajul Islam Varosha, Managing Director (Current Charge) Md. Abul Shahjahan and Deputy Managing Director Md. Mozammel Hussain were also present in the meeting.

News: Daily Sun/Bangladesh/01-Nov-12