Ali Reza Iftekhar, Managing Director of Eastern Bank Ltd and Inessa Tolokonnikova, Industry Manager of FIG, South Asia Region of IFC exchanging documents after signing a short term rollover foreign currency loan agreement in Dhaka recently. EBL Deputy Man

Bangladesh Bank on Thursday asked scheduled banks to pay the profit from savings bonds and certificates and the principal through the investors’ bank accounts. The BB issued a circular to managing directors and chief executive officers of all banks saying that the central bank had already taken initiative to pay the profits from the government instruments and principal to the investors’ bank accounts. The BB asked the banks to take the same step in accordance with the central bank initiative, according to the circular. A BB official told New Age on Thursday that the clients earlier had to come to the banks on mandatory basis to receive their principal and profit against their investment on savings instruments. But, the clients will not require coming to the banks as the amount will be deposited with the investors’ bank accounts through Electronic Fund Network System once the banks take measures in this regard, he said. The BB asked the banks to inform their all clients about the matter. 

Mashrur Arefin has recently been appointed as the additional managing director of the City Bank, it said in a statement yesterday.

Previously, he was serving the bank as its deputy managing director and chief operating officer, according to the statement.

Arefin is also the chief communication officer of the bank and a director of the bank's subsidiary remittance company in Malaysia, the City Bank said.

He started his career as a management trainee with the erstwhile ANZ Grindlays Bank in 1995 and joined the City Bank in 2007 as head of retail banking. Arefin also served Standard Chartered Bank, Qatar, American Express Bank and Citibank Bangladesh and Eastern Bank.

Mashrur Arefin has recently been appointed as additional managing director of City Bank, said a news release. He was working in the same bank as deputy managing director and chief operating officer. Arefin joined City Bank in 2007 as retail banking head. He is also the chief communication officer of the bank and a director of the bank’s subsidiary remittance company in Malaysia. Arefin completed his MA from Dhaka University and MBA from Victoria University in Australia. Arefin started his career as a management trainee with erstwhile ANZ Grindlays Bank in 1995. He also served Standard Chartered Bank, Qatar, American Express Bank and Citibank NA, Bangladesh and Eastern Bank.