Islami bank Bangladesh Ltd yesterday signed an agreement with Nigeria based Jaiz Bank for technical cooperation between the two banks.

Abdul Mannan, managing director, Shawkat Ali, executive vice president of Islami bank signed the deal with the presence of CEO of the Jayez Bank Md. Mustafa Bintube and the director Falalu Bilu, said a press release.

Source: Daily Sun

IFIC Bank has promoted Mati-ul Hasan and Zaitun Sayef to deputy managing director recently, the bank said in a statement.

Hasan started his career with IFIC Bank in 1984 as probationary officer. He was the senior executive vice president and relationship manager of the bank prior to the promotion.

Sayef was the senior vice president and head of training and research division of the bank earlier. She started her career as senior officer with Agrani Bank in 1983.

Source: The Daily Star

The opening match between Sonali Bank and Dinajpur district of Dhaka Bank Bijoy Dibosh Hockey Tournament -2010 took place at Moulana Bhasani Hockey Stadium in the city yesterday.

Brig Gen M M Salehin, NDC, Psc, Director General of Bangladesh Krira Shikha Protisthan (BKSP) was present at the occasion as chief guest, said a press release.

Sonali Bank defeated Dinajpur by 9-0 goals at the opening match. Russel Mahamud of Sonali Bank team scored hattrick.

Khondker Fazle Rashid, managing director of Dhaka Bank Ltd was also present as special guest.

Khondker Jamil Uddin, secretary general of the Hockey Federation, was also present during the match.

Source: Daily Sun

Vice Chancellor of Bangladesh Agricultural University (BAU) Professor Dr. M. A. Sattar Mandal is seen inaugurating Mymensingh Branch of Mutual Trust Bank Ltd. (MTB) on Thursday at a ceremony held at the branch premises.

Mutual Trust Bank Ltd (MTB) opened its 64th branch in Mymensingh recently.

Vice Chancellor of Bangladesh Agricultural University (BAU) Professor Dr. M. A. Sattar Mandal formally inaugurated the branch at Ananda Mohan Avenue of Bara Bazar in the district on Thursday, said a press release.

Prof. Dr. Md. Monjurul Alam of Bangladesh Agricultural University (BAU), MTB Managing Director and CEO Anis A. Khan, Mymensingh Municipality Mayor Ikramul Haque, Head of MTB banking operations Meer Sajed-UI-Bashar, MTB group chief financial officer and other senior officials of the bank were present at the event.

A large number of leading business persons, customers, local elite, journalists and dignitaries also attended the function.

Vice Chancellor of Bangladesh Agricultural University (BAU) Professor Dr. M. A. Sattar Mandal in his speech said that rural entrepreneurship in transport, tourism, hotel and restaurant, manufacturing have been growing fast and banks can find them as their lucrative business aven- ues.

He also said that the helping attitude of the people of Mymensingh will assist MTB to perform well.

MTB is keenly interested to bring state-of-the-art technology driven banking services and products, catering to the changing needs of market, to the doorsteps of common people of the country and opening of a branch in Mymensingh is a manifestation of this endeavor, said MTB Managing Director and CEO Anis A. Khan.

Source: Daily Sun

Dhaka, Dec 24: The 2nd Extra Ordinary General Meeting (EGM) of Rupali Insurance Company Limited (RICL) was held on December 22, at Spectra Convention Centre in Gulshan, Dhaka. The meeting was presided over by the Chairman of the Company Mostafa Golam Quddus and attended by Financial Consultant  M Azizul Huq, Managing Director P K Roy  FCA, including a good number of shareholders, says a press release. The shareholders present in the meeting approved the changing of denomination of share from Tk 100 (one hundred) to Tk 10 (ten) with a market lot of 100 shares in place of 20 shares and increase of authorised capital of the company from Tk 20 (twenty) crores to Tk 100 (One hundred) crores, raising the paid up capital by issuing right shares at the rate of 1 (one) [R]:l (one) (one right share for every one share) at Tk 20 (Twenty) each including premium of Tk 10 on paidup capital of Tk 16,45,401100 and amendment of clause 111 of articles of association of the company subject to approval of Regulatory Authorities.
The shareholders thanked the management of the company for the success and growth of business during the last few years and urged upon them to maintain this upward trend.

Source: The Independent