Banking

Dewan Anwarul Latif new DMD of Premier Bank

Posted by BankInfo on Fri, Feb 18 2011 05:21 am

Anwarul Latif has been appointed as Deputy Director of  the Premier Bank Limited recently. He is highly successful and deserving banker with a vast experience of working in number international banks in the country. Prior to taking up the new  assignments, he was Senior Exeutive Vice President & Head of Corporate of the Premier Bank.
Mr Latif also worked in a number of important positions at American Bank, Standard Chattered, National Bank and Eastern Bank Limited.

News: The Independent/Bangladesh/17 Feb 2011

Mohammed Nurul Amin new MD and CEO of NCC Bank

Posted by BankInfo on Fri, Feb 18 2011 05:19 am

Mohammed Nurul Amin has been reappointed as Managing Director and CEO of the NCC Bank Ltd for a period of another 3 years, says a press release. Mr. Amin, obtained his Graduation with Honours and Masters Degree in Economics in 1974 from the University of Dhaka and started his banking career as Senior Officer in Janata Bank in 1977 and thereafter joined National Bank Ltd in 1983.
He joined erstwhile National Credit Limited (presently NCC Bank Ltd.) in 1985.
In 2005 he was appointed Managing Director & CEO of the Bank.
Mohammed Nurul Amin is the Chairman of Primary Dealers Bangladesh Ltd., Vice Chairman of Association of Bankers, Bangladesh, Treasurer of Bangladesh Foreign Exchange Dealers' Association (BAFEDA) and also an active member of Bangladesh Economic Association.

News: The Independent/Bangladesh/18 Feb 2011

BRAC Bank opens 2 Probashi booths at Hazrat Shahjalal Int'l Airport

Posted by BankInfo on Fri, Feb 18 2011 05:15 am

BRAC Bank Limited has opened two service booths at Hazrat Shahjalal International Airport (HSIA) on February 16, 2011 to provide remittance and other banking services to the outbound passengers with a special focus on Non-Resident Bangladeshis (NRBs). It shows the fastest growing bank's continuous pursuit to reach out to different customer segments to provide the best-in-the-class banking service with the most modern technology based innovative banking products and services. BRAC Bank plays a vital role in bringing remittance of approximately Tk. 4,500 Crores in the country per year.
Shafique Alam Mehdi, Secretary, Ministry of Civil Aviation and Tourism formally inaugurated the booths as  the Chief Guest. Syed Mahbubur Rahman, Managing Director and CEO, BRAC Bank Limited was present as the Special Guest. Senior officials of Civil Aviation Authority of Bangladesh and the bank were also present.
The booths are 'Probashi Kollyan Booth' and 'Probashi Biniyog Booth' situated at Departure Lounge in Terminal 1 and 2. The booths will provide - foreign currency exchange services, account opening, remittance advice, information about legal remittance channels and authorized remittance houses, Internet banking and investment in capital market facilities to the Bangladeshis expatriates.

News: The Independent/Bangladesh/18 Feb 2011

SME vital for job generation: Atiur

Posted by BankInfo on Wed, Feb 16 2011 12:09 pm

The small and medium enterprises (SME) sector that generates bulk of the employment in a developing country like Bangladesh plays a major part in alleviation of poverty, and the success story of the country will be authored by its small and medium entrepreneurs, said Bangladesh Bank (BB) governor Dr Atiur Rahman on Tuesday. “This sector alone can generate huge employment opportunities and contribute a handsome amount to the country’s GDP,” said Rahman while addressing the inaugural ceremony of the first-ever SME Financing Fair 2011, held at the Institute of Engineers’ Bangladesh in the port city.
Emphasizing the importance of the sector, the BB governor said it can play a significant role in establishing gender equality and bridge the widening the gap between rural and urban income.
“Realizing the importance of the sector, the apex bank is encouraging banks and non-bank financing organizations to put emphasis on SME,” he added.
He also said Tk. 53,454 crore in SME loans had been provided to entrepreneurs in 2010, while the amount was Tk. 51,148 crore in 2009. “The collection was incredible, with only a deficit of Tk. 18347 crore in two years,” he pointed out. Rahman further said the endeavour to encourage woman entrepreneurs proves successful as 19,194 woman entrepreneurs were provided with SME loans worth Tk. 2,103 crore last year.
“BB and SME Foundation are trying to provide integrated support to women entrepreneurs in pre-investment consultation, planning and implementation of projects,” he said and added that BB is also financing easy loans to agro-processing entrepreneurs.
He urged bankers to lend the SME a helping hand with expanding facilities in rural areas and give loan assistance to traditional industries like handicraft, weaving, pottery and boutique.
The chairman of SME foundation, Aftabul Islam, presided over the programme while media personnel Shaikh Siraj, Agrani Bank chairman Prof. Khondaker Bazlul Hoque, SME Foundation chief executive officer Sayeed Rezuanul Kabir, BRAC Bank managing director Sayeed Mahbubur Rahman, general manager of BB’s SME and special programmes department, Sukomal Singh Choudhury and general manager of BB in Chittagong, Mohammad Naushad Ali Chowdhury, among others, addressed the inaugural ceremony. Shaikh Siraj said introduction of SME to rural areas would result in a large-scale development that would put the country’s economy in a high growth trajectory. He urged BB to arrange SME fairs in rural areas and include poultry, fishing and flower farming under the SME category.
Later, the BB governor formally handed over sanction letters for loans worth Tk. 4.19 crore to 23 entrepreneurs from across the country. Nineteen banks provided the loans.

News: The Independent/Bangladesh/16 Feb 2011

Standard Bank EC meeting held

Posted by BankInfo on Wed, Feb 16 2011 12:04 pm

The 83rd meeting of the executive committee of the board of directors of Standard Bank Ltd. was held in the city recently. Harun Rashid Chowdhury, chairman of the executive committee of Standard Bank Ltd presided over the meeting. Kamal Mostafa Chowdhury, Muhammad Nurul Islam, Ferozur Rahman. S.A.M. Hossain, Mohammed Abdul Aziz, Harun or Rashid, members of the committee of Standard Bank Ltd attended the meeting.
Among others, SA Farooqui, managing director, Md. Nazmus Salehin, additional managing director and AFM Nizamul Islam Chowdhury, board secretary were also present in the meeting .

The EC took various important decisions regarding the bank's investment policy in the field of trade, commerce and industries and approved proposals received from different branches in respect of financing of working capital for industries and other export, import and commercial trading businesses.

News: The News Today/Bangladesh/16 Feb 2011

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