Bangladesh Bank (BB) was accorded Industrial Engineering and Operations Management (IEOM) award by American Lawrence Technological University for being a pioneer in introducing e-Tender system for all kinds of procurement, according to a BB press release.

The award was handed over to BB officials at a conference held from July 3 to 6 at Istanbul Technical University in Turkey.

Researchers from 59 countries including US, UK, Germany, South Korea, Hong Kong and India participated in the conference.

The Daily Sun/Bangladesh/ 14th July 2012

Sukomol Sinha Chowdhury, General Manager, SME and Special Programmes Department of Bangladesh Bank, and Mohammad Abdullah, Managing Director of IFIC Bank, exchange documents after signing an agreement at the central bank premises. Governor of Bangladesh Bank Dr. Atiur Rahman is also seen.

IFIC Bank Limited and Bangladesh Bank (BB) recently signed an agreement on utilising JICA-assisted funds in Small and Medium Enterprise (SME) sector in the country.

As per the agreement, IFIC Bank Limited will avail of re-financing facility from the central bank revolving fund to lend money for the development of SMEs, said a press release.

Sukomol Sinha Chowdhury, General Manager, SME and Special Programmes Department of Bangladesh Bank and Mohammad Abdullah, Managing Director of IFIC Bank signed the deal on behalf of their respective sides at the central bank premises.

The Daily Sun/Bangladesh/ 13th July 2012

Sheikh Abdul Hai Bacchu, Chairman of BASIC Bank, inaugurates a branch of the bank in Mymensingh Thursday.

BASIC Bank Limited has opened its 51st branch in Mymensingh Thursday.

Sheikh Abdul Hai Bacchu, Chairman of the bank inaugurated the branch, said a press release.

Kazi Fakrul Islam, Managing Director of the bank chaired the function while lawmaker Md Abdus Sattar was present as special guest.

Kanok Kumar Purakayasta, Deputy Managing Director of the bank, Dr Shuvash Chandra Biswas, Deputy Commissioner of Mymensingh, general managers of the bank, businessmen and local elites were also present.

Sheikh Abdul Hai, Chairman of the bank said the bank has been operating its activities with fully on online system for ensuring better services to its customers.

Aiming to boost country’s industrial production, the bank started its journey in 1989, he said.

“The bank’s agriculture credit disbursement and SME development is satisfactory,” he said adding the bank is, especially, giving loans to the women entrepreneurs.

Kazi Fakrul Islam said most of the customers of the bank believed their investment is secured as the bank is fully owned by the government.

The Daily Sun/Bangladesh/ 13th July 2012

Alhaj Mohammad Hasan, Chairman of the EC of SIBL, presides over a meeting at the bank's head office in Dhaka.

Executive Committee (EC) of Shahjalal Islami Bank Limited (SIBL) recently organised its 491st meeting at the bank's head office premises in Dhaka.

Alhaj Mohammad Hasan, Chairman of the EC of the bank, presided over the meeting, said a press release.

Alhaj Anwer Hossain Khan, Chairman of the Board of Directors, Alhaj Akkas Uddin Mollah, Alhaj Mohammed Solaiman, Alhaj Tofazzal Hossain, Alhaj Mohiuddin Ahmed, Directors, Md Abdur Rahman Sarker, Managing Director, Md Mukhter Hossain, Additional Managing Director and Md Abdul Jabber Chowdhury, Deputy Managing Director of the bank were present at the meeting.

In the meeting, the members of the committee discussed various issues relating to investment in different sectors.

The Daily Sun/Bangladesh/ 13th July 2012

Muhammad Yasin Ali, Deputy Managing Director and Chief Anti-Money Laundering and Compliance Officer of Prime Bank, seen at a workshop in Dhaka.

Prime Bank Limited organised a workshop on 'Anti-Money Laun-dering and Anti Terro-rist Financing' at Bi-joynagar in Dhaka.

Muhammad Yasin Ali, Deputy Managing Director and Chief Anti Money Laun-dering and Compliance Officer (CAMLCO) of the bank inaugurated the workshop, said a press release.

Mohammad Aminul Islam, VP, Deputy CAMLCO of Prime Bank, moderated the programme while Md. Nazim Uddin, Head of Internal Control and Compliance Division presided.

M. Reazul Karim, Additional Managing Director also spoke.

Officers of 31 branches of of the bank of Dhaka city participated the workshop.

The Daily Sun/Bangladesh/ 13th July 2012