Bangladesh Bank has introduced the full-pledged treasury functions at its Barisal branch on Sunday, 20 years after opening the branch.

Bangladesh Bank Governor Dr. Atiur Rahman, through a tele-conference, inaugurated the treasury functions during a special ceremony held at the local branch in the morning.

The BB Governor in his inaugural speech said Bangladesh Bank has already started electronic fund transfer system and opened help desks at BB branches and introduced mobile banking system which would soon cover all branches and regions having access to cell phone connectivity.

Treasurers today have to contend with entities that operate in a myriad of geographies, currencies, banks and accounts. Through starting treasury activities, the BB Barisal branch has been dignified as a full-pledged branch of the central bank, the BB Governor said.

Golam Mustafa, general manager of BB Barisal branch, presided over the function while Sudhir Chandra Das, BB executive director, formally opened the treasury section by cutting a ribbon on behalf of the BB Governor.

Mustafa Kamal, divisional controller general of accounts, Md Osman Gani, joint director (accounts and and budget) of BB, Sahadat Ali, deputy general manager of Sonali Bank, and other high officials and local bankers attended the function.

Speakers at the function said historically, treasury functions were expected to monitor cash positions and corporate spending.

Monitor liquidity positions for both long and short term financing, dictates credit ratings, outside credit lines and debt issue, mitigate risks by deploying all the checks and balances also be done by treasury branch by developing modern technology based speedy banking, they mentioned.

News: Daily sun/ Bangladesh/ Jun-20-2011