Dhaka Bank Ltd opened a new branch in Sirajgonj recently.

Abdul Hai Sarker, founder chairman and director of Dhaka Bank Limited inaugurated the function as chief guest, said a press release.

Reshadur Rahman, chairman, Dhaka Bank Limited and director Altaf Hossain Sarker were present as special guests on the occasion.

Among others, managing director Khondker Fazle Rashid, company secretary Ahram Masudul Huq, head of marketing Azad Shamsi, some divisional heads from head office, branch managers and distinguish clients were also present on the occasion.

The branch is equipped with all modern banking facilities including online banking.

News: Daily Sun/ Bangladesh/ May-01-2011

Dutch-Bangla Bank Limited (DBBL) has organised a week-long training course on credit risk management for its designated officers in Dhaka recently.

KS Tabrez, managing director of DBBL, inaugurated the training course at its training centre at Dilkusha, said a press release.

In his inaugural speech, Tabrez underscored the need for the establishment of a structured framework of risk management in line with regulatory guidelines in banking.

The workshop aimed at familiarising concept of credit risk grading system to the participants and emphasising on the importance to put the concept on place.

Among others, AHM Zahurul Islam, executive vice president of DBBL, M Rafat Ullah Khan, its senior vice president and head of credit division, attended the workshop.

News: Daily Sun/ Bangladesh/ May-01-2011

Bangladesh Commerce Bank Limited (BCBL) recently relocated its corporate office from Taranga Complex to Eunoos Trade Centre at Dilkusha in the city.

In this connection, a ‘customers meet’ was arranged at the newly located office, said a press release.

Respected chairman of the Board of Directors A Q Siddiqui inaugurated the new office and Managing Director S A Chowdhury presided over the function.

Among others, members of the Board of Directors, CEOs and MDs of different banks, important customers, senior executives of BCBL were present on the occasion.

Speakers appreciated the efforts of the bank in extending quality service to the customers and hoped that the newly located premises with all modern facilities will facilitate the bank further to offer tailor made services to customers.

Chairman and MD of the bank mentioned that BCBL has already introduced online banking facilities with a number of lucrative deposit and advance products in the market.

News: Daily Sun/ Bangladesh/ May-01-2011

Bangladesh Bank Governor Dr Atiur Rahman on Thursday afternoon said a modern payment system is a must for keeping up the economic momentum of the country.

“Modern payment system is the backbone of the financial structure of a country, which plays an important role in ongoing and future economic development,” Atiur said. “BB is working relentlessly to build up a modern payment system in the country.”

The Governor was addressing a meeting on the present activities of Electronic Funds Transfer Network (EFTN) at BB headquarters in the city.

The Governor informed the meeting that BB, with financial and technical support of DFID, has set up automated clearing house spending Tk 0.6 billion that helps clearing cheques automatically, and transferring electronic funds.

Daily clearance of 80,000 to 85,000 cheques is done successfully. But the EFT is not that satisfactory though the process is very easy, the Governor said.

“Only instructions are needed for EFT to receivers account in a very easy, faster, safe, and cost and time saving manner,” Atiur said.

Though the system is very popular in abroad, but its use is very limited here due to lack of proper knowledge as the average EFT transaction is only 100 to 200 per day leaving most of the capacity unutilised, Atiur repented.

BB issued a circular regarding EFT in favour of scheduled commercial banks and financial institutions on April 6 this year.

Up to April 26, IDLC provided cash dividends to its 6,000 share holders through City Bank Ltd using the newly introduced system, which saved huge money and time, BB officials said.

Awareness building at the depositors’ level is very important to make the system popular. Banks should come forward to arrange workshops, seminars and trainings to this end. And BB is always ready to provide necessary logistic support, the governor assured.

“The introduction and widespread use of EFT will boost economic activities. The role of local businessmen and Bankers is very important,” BB Governor said.

News: Daily Sun/ Bangladesh/ Apr-29-2011

National Credit and Commerce Bank Ltd (NCC Bank) has recently signed a credit wholesaling agreement with SME foundation on financing the cluster borrowers of the country.

Under the agreement, SME Foundation will provide Tk 20 million fund to the NCC Bank, said a press release.

The bank will provide finance to the borrowers at the rate of 9 per cent interest without any security money, it said.

Syed Rezwanul Kabir, managing director of SME Foundation and Mohammed Nurul Amin, managing director of NCC Bank signed the agreement at a city hotel on Tuesday.

Minister for Industries Dilip Barua was present at the signing ceremony as chief guest while Shahriar Alam, MP and Aftab ul Islam, chairman of SME Foundation, were present as special guests. Golam Hafiz Ahmed, additional managing director of NCC Bank, presented the vote of thanks.

Chowdhury Mofidul Haque, executive director of Bangladesh Bank, deputy manaing directors of NCC Bank Mohabbat Khan and T M Faruque Chowdhury, among other, were present on the occasion.

NCC Bank will provide low-rate credit to the two separate SME clusters involved in export oriented ready-made garments at Syedpur, Nilphamari and footwear manufacturing business at Kaluhati village under Charghat Upazila in Rajshahi.

The bank has also launched two tailor-made loan products NCCB Garments-Wear Cluster and NCCB Foot-Wear Cluster in this connection.

News: Daily Sun/ Bangladesh/ Apr-29-2011