City Bank Limited has recently distributed fresh loans among the entrepreneurs of Bogra-based foundries and light engineering sector.

Sukamal Sinha Chou- dhury, general manager, SME and special programs department of Bangladesh Bank, distributed loan sanction letters among the entrepreneurs, said a press release.

The Daily Sun/Bangladesh/ 17th Jan 2012

Md. Anisul Hoque, chairman of Social Islami Bank Limited (SIBL), managing director Muhammad Ali and directors seen at a function to unveil the new logo of the Bank at Cox’s Bazaar sea beach recently.

Social Islami Bank Limited (SIBL) changed its brand logo through a colourful function at Cox’s Bazaar sea beach recently.

Md. Anisul Hoque, chairman of the Bank, managing director Muhammad Ali and directors of the Bank jointly unveiled the new logo, said a press release.

The Bank passed a successful year 2011 as it made remarkable business growth in terms of profit amidst unfavorable market through delivering superior service for its customers by implementing real time on-line state-of-the-art banking technology.

The Daily Sun/Bangladesh/ 17th Jan 2012

Prof. Abu Nasser Muhammad Abduz Zaher, chairman of Islami Bank Bangladesh Limited, addressing the inaugural session of Annual Business Development Conference of the Bank at a city hotel yesterday.

Islami Bank Bangladesh Limited has maintained the leading position in banking as its deposit, investment and foreign exchange business showed remarkable growth over a period of one year.

The investment of the Bank reached at Tk 341.03 billion during last year, showing a rise by Tk 48.94 billion.

The Bank transferred total of Tk 716.06 billion foreign exchange during the year, rising by Tk 106.73 billion from that in the previous year.

The Bank operated import business worth Tk 301.21 billion, export of Tk 178.24 billion and transferred remittance worth Tk 236.61 billion during the year, rising by Tk 54.93 billion, Tk 29.82 billion and Tk 21.98 billion respectively, the Bank sources said. The deposits with the Bank reached at Tk 341.36 billion up to 31 December 2011, increasing by Tk 50.07 billion from that in the last year. Meanwhile, the Bank yesterday launched a two-day Annual Business Development Conference at a city hotel in the city.

Prof Abu Nasser Muhammad Abduz Zaher, chairman of the Bank was present at the inaugural function as chief guest while Engr Mustafa Anwar, vice chairman of the Bank inaugurated the conference in the morning. Mohammad Abdul Mannan, managing director of the Bank presided over the function, said a press release.

Engr Md Eskander Ali Khan, chairman, Executive Committee, Md Shahidul Islam, chairman, Audit Committee, Mominul Islam Patwary, Mohammad Abdullah Al Jalahma, Engr Muhammad Dawood Khan, Prof Mohammed Nazrul Islam, Humayun Bokhteyar, ACPA, FCA, Prof Dr NRM Borhan Uddin, directors of the Bank, Prof Dr Abu Bakr Rafique, member secretary, Shariah Supervisory Committee, top executives, zonal heads and 266 branch managers of the Bank were present in the conference.

The Daily Sun/Bangladesh/ 17th Jan 2012

Banks' deposits with the European Central Bank have hit yet another record, data showed Monday, suggesting ongoing tension in the financial system despite unprecedented liquidity injections.

Banks in the eurozone put 493.3 billion euros ($623.7 billion) on deposit for 24 hours at the ECB overnight Sunday, topping the record set Friday of 489 billion euros.

Since December new records for deposits have regularly been set, seen by some as a possible sign of market tensions since the money deposited earns interest of 0.25 per cent, much less than the rate available on the interbank market.

The Daily Sun/Bangladesh/ 17th Jan 2012

Bangladesh Bank will print 200,000 more commemorative notes of Taka 40 along with the portrait of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman.

General Manager of Currency Department of the central bank Saiful Islam told BSS that the BB is going to print the notes to meet the growing demand of the people.

He said due to huge demand of the 40 Taka note among the people , its stock has been finished within 20 days of the release. Bangladesh Bank printed earlier one lakh fifty thousand notes of the same category.

The central bank released the note on December 26 last year on the occasion of 40th anniversary of country’s Victory Day.

The Daily Sun/Bangladesh/ 17th Jan 2012