Md Mozammel Hussain has recently joined Jamuna Bank as deputy managing director, the Bank said in a statement.

Prior to this, he was the senior executive vice president and head of corporate banking division of Prime Bank.

Hussain is a graduate in finance from Dhaka University and an MBA from Institute of Business Administration under the university. He also worked with AB Bank.

The Daily Star/Bangladesh/ 17th Feb 2012

Broad Band Telecom Services Limited (BBTS) -- a joint venture of the country’s industrial conglomerate Ispahani Group-- will set up optical fibre network to connect Trust Bank Limited head office with its all branches across the country.

To this effect, Mirza Ali Behrouze Ispahani, chairman of BBTS, and Shah A Sarwar, managing director of Trust Bank, singed the agreement on behalf of their respective organisations recently in a city hotel.

Under the agreement, BBTS will build a nationwide Wide Area Network (WAN) infrastructure through optical fibre/radio link to connect Trust Bank head office with its all branches and ATM Booths.

The connectivity will help the Bank’s custonmers save time and cost, which is one step forward to get closure to its valued clients countrywide. Abu Zafar Hedaytul Islam, senior executive vice president and S M Akram Syeed, head of IT from Trust Bank and Syed Samiul Huq, director of BBTS, were also present at the signing ceremony.

The Independent/Bangladesh/ 16th Feb 2012

Md Farid Uddin Ahmed, Managing Director of EXIM Bank, speaks at a customers’ conference in the city recently.

EXIM Bank organized customers’ conference for its Gulshan, Corporate and Bashun- dhra branches in the city recently.

Md Farid Uddin Ahmed, Managing Director of the Bank was present at the conference as chief guest, said a press release.

Among others, Md Abdullah Al Zahir Swapan, member of the board of directors of EXIM Bank, Lt Col. Sirajul Islam, Additional Manging Director, Dr Md Haider Ali Mia, Deputy Managing Dirtector were present.

The Daily Sun/Bangladesh/ 16th Feb 2012

The board of directors of Dhaka Bank yesterday recommended five percent cash and 30 percent stock dividend for the year ended on December 31, 2011.

The Company has also reported consolidated Earning Per Share (EPS) of Tk 6.25 and consolidated Net Asset Value (NAV) per share of Tk 25.88 for the year ended on December 31, 2011.

The company will hold its Annual General Meeting (AGM) on March 29 at Bangabandhu Interna tional Conference Centre in Dhaka. The record date for the entitled dividend has been set on February 28.

Meanwhile, the board of directors of Prime Insurance has also recommended 10 percent stock dividend for the year ended on December 31, 2011.

The Company has also reported EPS of Tk 1.90, NAV per share of Tk. 15.17 and NOCFPS of Tk. 0.63 for the year ended on December 31, 2011 The company will hold an AGM on April 18 at Bangladesh Institute of Administration and Management (BIAM) in Dhaka.

The record date has been set on March 1 this year.

The Daily Sun/Bangladesh/ 16th Feb 2012

Mohammed Hanif, sponsor director of Dhaka Bank Limited, inaugurates a new branch of the bank at Jatrabari in the city recently.

Dhaka Bank has opened its 62nd branch with all modern banking facilities including an ATM booth at Jatrabari in the city recently.

Mohammed Hanif, sponsor director of Dhaka Bank, formally inaugurated the new branch as chief guest where Reshadur Rahman, chairman of the Bank, was also present, said a press release.

Among others, ATM Hayatuzzaman Khan, sponsor director and Altaf Hossain Sarker, former chairman, Khondker Fazle Rashid, director, Niaz Habib, managing director, Neaz Mohammad Khan, additional managing director, Sajjad Hossain, deputy managing director, Arham Masudul Huq, company secretary, along with other high officials of the Bank were also present on the occasion.

The Daily Sun/Bangladesh/ 16th Feb 2012