Trust Bank Investment Limited was launched in Bangladesh with great expertise, in-depth knowledge and quality services. The formal inauguration ceremony of Trust Bank Investment Limited was held at Radisson Hotel in the city on Tuesday, said a press release.

Chief of Army Staff and Chairman of Trust Bank Limited General Md Abdul Mubeen, ndc, psc inaugurated Trust Bank Investment Limited.

Managing Director of Trust Bank Limited Shah A Sarwar, Mana- ging Director of Trust Bank Investment Limited Ishtia- que
Ahmed Chowdhury, Vice Chair- man and Directors of Trust Bank Limited and other high officials were present.

High officials of Bangladesh Bank, Securities and Exchange Commission and other renowned personalities were also present.

Trust Bank Invest ment Limited is a fully owned subsidiary of Trust Bank Limited. It services will be available at Gulshan,
Karwan Bazar, Kafrul, Naray- anganj and Shahjalal Uposhohor Syl- het Branch.

(Chief of Army Staff and Chairman of Trust Bank Limited General Md Abdul Mubeen, ndc, psc, inaugurating Trust
Bank Investment Limited at a function in the city on Tuesday.)

Source: Daily-Sun, Bangladesh/9th Dec 2010

BRAC Bank has introduced new Travel Prepaid card recently. This card comes with the facility of convenience and safe access to consumers' money during travel across the world. Since, this is a Prepaid Card, any individuals (21 years and above) having no relationship with BRAC Bank can also enjoy the benefits of this card. One can withdraw cash from any VISA accepted ATMs or do the shopping across the world using this card. This is a huge oportunity for all specially who keeps travelling all over the world more often.

(Image Courtesy: BRAC Bank Photo)

This card is very easy to issue, its just pay and pick card. This card is interest free which has a limit up to USD 1500 for SAARC and USD 5000 for non SAARC countries, as per Personal Travel Quota (Quota may change as per Government regulation). No bank account will be needed to get this card. Just a valid passport, photograph and an application will do.

For more detail visit: http://bankinfobd.com/products/view/588/BRAC_Bank_Travel_Prepaid_Card

Premier Bank Limited, one of the leading private banks of the country inaugurated its new brokerage house at O.R. Nizam Road in Chittagong.

President of Chittagong Chamber of Commerce & Industry, Mr. M. A. Latif (MP), was present on the occasion as Chief Guest and Dr. H B M Iqbal, Chairman and Kazi Abdul Mazid, Director of the Bank was present on the occasion as Special Guest.

Among others Abu Haniff Khan, Additional Managing Director, Mr. Mohammad Hossain, Head of Brokerage House of the Premier Bank Ltd, high official of the bank and a good number of local distinguished personalities, businessmen as well as well-wishers also attended the ceremony.

Addressing the occasion, the Chief Guest, Mr. M. A. Latif MP, warmly welcomed Premier Bank Ltd. into the Port City of Chittagong with its establishment of full facilitated & competitive Brokerage House and expected that the investors of the capital market of Chittagong will take this opportunity to be benefited by the professional services of the Premier Bank Brokerage House.

As Special Guest Dr. H B M Iqbal said, Now-a-days Brokerage House has taken an import part of the National growing economy. To fulfill the demand of the national capital market and hope of related people Premier Bank Brokerage House has come at O. R. Nizam Road. He also hopes that modern technology based brokerage House will play an important role for the people of O.R.Nizam Raod. Mr. Iqbal thanked to the people and invites to receive special services of Premier Brokerage House.

Director of the Bank Mr. Kazi Abdul Mazid highlighted the strengths of Premier Bank Brokerage House such as - doing business in a professional and courteous manner and working with clients with full understanding of their needs. Moreover, a group of capable financial analysts guides customers in making investment decisions for maximum profit and minimum risk. The Premier Bank Brokerage House also ensures hassle free money deposit and withdrawal, Margin Loan facility under the law and rules of regulatory bodies and competitive fess & charges etc.

News: The Financial Express/08 Dec 2010

Agrani Bank Ltd (ABL) and National Bank Ltd (NBL) recently signed two separate Memoranda of Understanding (MoU) with Katalyst and Winrock International (WI), two non-profit private organisations, to expand maize (corn) cultivation in Bogra and Rangpur districts through providing loans to farmers. Farmers are hopeful to cultivate significant amount of maize if they get this loan.

Bangladesh Bank (BB) Governor Atiur Rahman was present at the MoU signing ceremony as the chief guest with ABL Chairman Khondoker Bazlul Hoque in the chair.

Source: The Financial Express/08 Dec 2010

The garment manufac-turers of the country demanded single digit interest rate for the sector and reducing other charges to a tolerable level so that they could attain com-petitiveness in the global market .

“The interest rate has been reduced to 13 percent from 16 percent, but the rate is still high. We recommend reducing the rate to single digit for the garment sector,” Abdus salam Murshedy, president of Bangla-desh Garment Manu-facturers’ and Entrepreneurs’ Asso-ciation (BGMEA), said while addre-ssing at a function yesterday at BGMEA Bhaban in the city.

The function was or-ganised for giving certi-ficates among the parti-cipants of a ICC workshop on ‘Incoterms-2010’.

The governor of Bangladesh Bank Dr Atiur Rahman attended the programme as chief guest while the president of International Chamber of Commerce (ICC), Bangladesh Mahbubur Rahman and chairman of ICCB Commi-ssion on Banking Tech-nique and Practice Mamun Rashid also spoke.

BGMEA president said the sector upheld its growth despite facing many challen-ges including inade-quate power supply and inefficient operation Chitta-gong port, the main sea port of the country.

“In addition to facing challenges, we started imple-menting of minimum wage for the workers which marked 81 percent increase in labour cost,” said Abdus Salam Murshedy.

He urged the BB governor to open the existing housing fund to finance the construction of the dor-mitories for the workers.

Dr Atiur Rahman assured of all-out cooperation to the garment entrepreneurs adding that “the BB will address the bank related problems of the sector.”

(Bangladesh Bank Governor Dr Atiur Rahman, seen at a workshop titled `ICC Workshop on New Incoterms 2010 & Certified Documentary Credit Specialist (CDCS)’’ organised by the International Chamber of Commerce and Industry (ICC) at the BGMEA office in the city yesterday. BGMEA president Abdus Salam Murshedy, ICC,B President Mahbubur Rahman, chairman of ICCB Commission on Banking Technique and Practice Mamun Rashid also seen. sun photo)

Source: daily-sun, Bangladesh/8th Dec 2010