Johora Bebe has been promoted to deputy managing director of ONE Bank Limited recently, says a press release. Prior to this, she was senior executive vice-president and the head of Credit Risk Management (CRM) and in-charge of Operations Division of the bank.
Johora joined ONE Bank in 2005. Before that she worked at IFIC Bank as senior vice-president and the head of project finance division. She started her banking career at Agrani Bank in 1983 and held many responsible positions there including the position of a branch manager.

News: Daily Sun/ Bangladesh/ 22-Sep-11

State-owned Janata Bank ltd has earned a net profit of Tk 4.9 billion in 2010 while it bagged Tk 12.04 billion as operating profit in the same year which is three times higher than Tk 4.21 billion in 2006.

The financial data was revealed on Monday at the 4th annual general meeting (AGM) of the state-owned commercial bank. Dr. Abul Barkat, chairman of the bank, presided over the meeting while SM Aminur Rahman, CEO and MD of the bank, delivered the welcome speech.

While addressing the AGM, Abul Barakat attributed the profit increase to the corporatisation of the bank. Despite a global economic recession for the last few years, Janata Bank has showed a satisfactory performance, Barakat said.

He mentioned that Janta Bank is witnessing a declining trend in classified loan, now at 5.3 percent which was 12 percent in 2006, adding that, the existing rate of classified loan is a bit normal for a commercial bank which is never possible to be less than 3 percent.

The Janata Bank chairman informed the AGM that the total deposit of the bank also jumped to Tk 286. 56 billion in 2010, posting a 16 percent rise compared to the previous year. The growth of the bank’s loans and advances also increased to Tk 225.73 billion from Tk 166.35 billion in the previous year, posting a 36-percent rise while foreign trade volume increased by 46 percent from Tk 207.17 billion to Tk 302.25 billion during the period, Abul Barakat added.

The AGM also revealed that availability of capital reserve of the bank was Tk 23.45 billion as against Tk 22.97 billion, while equity was Tk 20.39 billion and provision against loans and advances was Tk 8.98 billion.

The AGM also approved distribution of cash dividend of Tk 10 million and declaration of stock dividend at the rate of 57.05 percent on paid up capital Tk 5 billion to the tune of Tk 2.87 billion in favour of the government.

Shams Al-Mujahid, deputy secretary, Bank and Financial institutions division and representative of GoB, Directors of the Board-- Advocate Balram Poddar, Dr. Jamal Uddin Ahmed FCA, Md. Nazibar Rahman, Dabir Uddin Ahmed, Dr. Md. Abdur Rouf Sardar, Alhaj AKM Shahjahan Kamal and Dr. RM Debnath, DMD Mr.Golam Sarwar, were also present on the occasion.

News: Daily Sun/ Bangladesh/ 20-Sep-11

Bangladesh Bank has extended time for commercial banks to adjust single borrower exposure limit by another year in a bid to bring stability in the crisis-ridden market. A central bank circular on Monday said the commercial banks would not be allowed to increase their existing loan balance during the extended period. The decision came last week from the central bank as it allowed four more months for the banks to go by the decision to restore the investors' confidence.

News: Daily Sun/ Bangladesh/ 20-Sep-11

Mobile operator Airtel yesterday signed an agreement with Dutch Bangla Bank Ltd to introduce M-commerce services to a larger segment of people. The partnership will facilitate Airtel customers with banking facilities delivered by Dutch Bangla Bank at their fingertips, said a press release. The signing ceremony was held at the Banani corporate office of Airtel Bangladesh. Under the deal, Airtel subscribers will be able to open bank accounts and avail banking services and in addition to that, the existing DBBL mobile banking customers can get service at Airtel outlets, the news release said.

News: Daily Sun/ Bangladesh/ 20-Sep-11

Eastern Bank Limited (EBL) launched “EBL Krishi Rin” by distributing agriculture loan among nearly 100 farmers of Dhamrai Upazilla at a function held at Savar Pourasabha Auditorium yesterday. Renowned media personality, Shykh Siraj and managing director and CEO of Eastern Bank Limited, Ali Reza Iftekhar presented cheques to the farmers at the launching ceremony, said a press release.

Any person involved with farming for at least a year can apply for this loan. The loan will be available to cultivate a maximum of five acres of land.

News: Daily Sun/ Bangladesh/ 20-Sep-11