Mozaffar promoted to BB GM
Sheikh Mozaffar Hossain, Deputy General Manger of Bangladesh Bank has been promoted to General Manager Thursday.
Hossain obtained his BSS Honours, MSS degree in economics from University of Dhaka and started his banking career in 1988 as an Assistant Director of the central bank.
During his career in Bangladesh Bank, Hossain worked in various departments like Foreign Exchange Policy Depart-ment, Monetary Policy Department, BBTA, Department of Offsite Supervision and Depar-tment of Banking Inspection in various capacities.
The Daily Sun/Bangladesh/ 31th July 2012
Exim Bank gets new adviser
Eminent banker Md. Fariduddin Ahmed has been appointed as adviser of Exim Bank Limited.
Prior to his new assignment, he was Managing Director and CEO of the same bank, said a press release Saturday.
Md. Fariduddin Ahmed started his banking career in Sonali Bank as Probationary Officer in 1977. He joined Islami Bank Bangladesh Limited on the date of its establishment on August 30, 1983 as Manager and held the position of Managing Director and CEO before retirement from that bank.
Ahmed visited many countries including USA, UK, KSA, China, Hong Kong, Thailand, Macau, Iran, UAE, Qatar, Bahrain, Pakistan, Singapore, Indonesia, India, Nigeria, Switzerland, France, Germany, Japan.
The Daily Sun/Bangladesh/ 29th July 2012
IMF sees deeper Spanish recession in 2012-’13
PARIS: The International Monetary Fund warned yesterday that the Spanish recession would be worse than initially expected, with a forecast contraction of 1.7 percent this year and of 1.2 percent in 2013.
In addition, the IMF said that worsening market tension could disrupt Spain’s ability to finance itself, despite a eurozone bailout agreed for Spanish banks and emergency financial reforms for the 17-nation bloc.
“Market tensions could intensify further, threatening market access, particularly if policies fail to stem capital outflows or due to further stress elsewhere in the euro area,” the IMF said in a report on the eurozone’s fourth biggest economy.
The Daily Sun/Bangladesh/ 29th July 2012
ICICI Bank’s quarterly net profit rises to 36pc
MUMBAI: ICICI Bank Friday posted a 36 percent rise in net profit at Rs.1,815 crore for the quarter ended June 30 on strong loan growth and improving asset quality.
The country’s largest private lender had posted a net profit of Rs.1,332 crore during the like period of the previous financial year, the bank said in a statement.
The total income stood at Rs.11,425.6 crore during the quarter under review against Rs.9,261.4 crore during the year-ago period, it added.
The bank’s net non-performing asset ratio decreased to 0.61 percent at June 30, 2012 from 0.91 percent at June 30, 2011.
The advances increased 22 percent year-on-year to Rs. 2,68,430 crore during the period under review from Rs.2,20,693 crore during the year-ago period.
The Daily Sun/Bangladesh/ 29th July 2012
IBBL holds SME cluster confce
Banamali Bhowmik, Deputy Commissioner of Kushtia, Syed Abdullah Mohammad Saleh, Deputy Managing Director of IBBL, seen at a function at Kumarkhali Branch premises of IBBL recently.
Islami Bank Bangladesh Limited organised an SME cluster conference with investment clients of weaving sector at Kumarkhali Branch premises recently.
Banamali Bhowmik, Deputy Commissioner, Kushtia attended the function as chief guest, said a press release Saturday.
Syed Abdullah Mohammad Saleh, Deputy Managing Director of IBBL presided over the programme.
Sukomal Singha Chowdhury, Director General and SM Mohsin Hossain, Joint Director of Bangladesh Bank, AAM Habibur Rahman, Executive Vice President and Head of Rajshahi Zone spoke at the function.
The Daily Sun/Bangladesh/ 29th July 2012