National Bank Limited has launched their 140^th Branch in Shikder Shopping Complex of Taltala Circle at Sokhipur upazilla in Tangail. The Chair of Executive Committee of the bank Ms. Parveen Haq Shikder inaugurated the branch as a chief guest last Sunday. Mr. Newaz Ahmed, the Managing Director of the bank chaired the inaugural ceremony.

Amongst other important personality Upazilla Chairman Mr. Shawkat Shikder, Mr. Khalilur Rahman, Chair, the business cooperative society and the manager of the bank Md. Abdul Hakim Miah delivered their speech.

 News Source: Prothom Alo/20 Dec 2010

Shahjalal Islami Bank Limited launched their 57^th branch in Goneshtala at Dinazpur. Additional Managing Director Mr. Mukhtar Hossen inaugurated the branch being a chief guest. The chairman of the inaugural ceremony was Md. Nazim Uddoula, Senior Vice President of the bank and the chief of Human Resource department. Other senior bank personnel and important local personalities were present in the program.

Mukhtar Hossen said that Shahjalal Islami Bank in trying to facilitate all people to access the modern banking facility and they are contributing in the expansion of business. Mukhtar Hossen also presented a brief picture of the Bank’s favorite “Amanat” and investment projects. He said, through the Dinazpur branch they will be able to contribute in all possible fields of prospect including everyday banking.

Press Release/20 Dec 2010

The 170th Board Meeting of Standard Bank Ltd was held at the bank’s head office in Dhaka recently.

Chairman of the Board of Directors Kazi Akramuddin Ahmed presided over the meeting, said a press release.

The meeting was also attended by Vice-Chairman Ferdous Ali Khan Managing Director SA Farooqui, Assistant Managing Director Md. Nazmus Salehin, Board Secretary AFM Nizamul Islam Chowdhury and the directors of the bank.

The meeting took various important decisions regarding 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 import, export and commercial trading businesses.

Source: Daily-Sun, Bangladesh/20th Dec 2010

ONE Bank Limited has opened a new branch at Madhabdi Bazar in Nasingdi recently.

Zahur Ullah, Chairman of ONE Bank Limited, formally inaugurated the branch at an inaugural ceremony held at its premises, said a press release.

Kazi Rukunuddin Ahm- ed, Director, Farman R Chowdhury, Managing Director, Senior Executives of the bank and many local elites and businessmen attended the inaugural function.

Source: Daily-Sun, Bangladesh/20th Dec 2010

Allahabad Bank, a Calcutta based local bank of India, is planning to open a branch in Bangladesh, news of Economic Times. This bank took initiative to open separate branches in China, Singapore and Hong Kong. J. P. Dua, Chairman and Managing Director of Allahabad Bank, informed that they have already asked for permission to the central bank of India, Reserve Bank of India (RBI) for opening these branches.

Currently Allahabad Bank has only one foreign branch in Hong Kong. In the past two years this branch was successful in making profit to run it. Apart from this there is a representative office of Allahabad Bank in Shen Ben of China. Bank authority wishes to convert this branch in a fully fledged branch. This bank has managed to deal a foreign business of One thousand and two hundred Rupees with only a branch and a representative office. The Bank authority is hopeful to make this business thrice in the next two years.

Mr. Dua also informed that they have plan to open forty more branches in India in the next three years.    

News Source: Prothom Alo/20 Dec 2010