Three companies, including Rupali Bank, have recommended stock dividends for the year 2010.
The Board of Directors of Rupali Bank has recommended 10 percent stock dividend for the year ended on December 31, 2010, according to a posting on the DSE website on Wednesday. The date of annual general meeting (AGM) of the bank is set for May 19 while April 12 is the record date.
The Board of Directors of Union Capital Ltd has recommended 75 per cent stock dividend for the year ended on December 31, 2010. The annual general meeting (AGM) of the company will be held on April 25 while the record date has been fixed as April 4.
Meanwhile, the Board of Directors of Reliance Insurance has recommended 35 percent stock dividend for the year ended on December  31, 2010.
The annual general meeting (AGM) of the company will be  held on April 30 while the record date has been fixed as March 30.

News: The Independent/ Bangladesh/ Mar-24-2011

NCC Bank Ltd relocated its Patgram branch in Lalmonirhat at a new premises.

TM Faruque Chowdhury, deputy managing director of the bank formally inaugurated the new premises as chief guest, said a press release.

Senior executive vice president Md Matiur Rahman, senior vice presidents Fakrul Islam Chowdhury and Manjum Ali were present as special guests.

Among others, Patgram Upazila Chairman Md Ruhul Amin Babul and Mayor Md. Shamser Ali also spoke on the occassion.

Deputy managing director T M Faruque Chowdhury emphasised on extending best possible services to the business community of this area and requested the businessmen to avail of the services rendered by the bank.

News: daily Sun/ Bangladesh/ Mar-24-2011

Sajjad Hussain recently joined Dhaka Bank Limited as a deputy managing director (DMD), says a press release. Mr. Hussain started his banking career in 1984 with American Express Bank.
He was serving as the senior director country operations when he moved to the United States in 1998 and joined Amex USA.

News:  The Independent/ Bangladesh/ Mar-23-2011

The Hong Kong and Shanghai Banking Corporation (HSBC) has launched the ‘HSBC Export Excellence Awards-2010’ to recognise the highest performing firms in boosting the country’s export growth.

The award was introduced last year to acknowledge the contribution of the enterprises who established Bangladesh as a powerful brand in global markets, the bank officials said during a press conference at a city hotel yesterday.

In addition to the recognition and accolades, the winners will also receive national and international exposure, they said.

HSBC is one of the leading international banks in Bangladesh facilitating nearly nine percent of the country’s total exports.

The award will be given in five categories: RMG and Textile, EPZ Enterprises, Traditional and Emerging Sector, and SMEs.

Sustainable growth, local value addition, market explorations, gender equity, and environmental preparedness of the companies — would be taken into consideration while judging for the award.

News: Daily Sun/ Bangladesh/ Mar-21-2011

Islami Bank Bangladesh Ltd will introduce a special investment scheme to create job opportunities for the Bangladeshi expatriates who returned home from different countries due to natural and financial turmoil.

Engr. Mustafa Anwar, acting chairman of the bank, revealed the initiative during a get-together function for the employees and their families of the bank’s Chittagong South Zone in Cox’s Bazar recently.

Presided over by Mohammad Monirul Moula, executive vice president and head of Chittagong South Zone of the bank, the function was also attended by Mohammad Abdul Mannan, managing director and Executive Vice Presidents---A.K.M. Abdul Malek Chowdhury, Abdus Sadeque Bhuiyan and Asheque Ahmed Jebal.

News: Daily Sun/ Bangladesh/ Mar-20-2011