Banking

IBBL is one of world's top 1000 banks

Posted by BankInfo on Thu, Aug 13 2015 11:46 am

Business Desk :The Islami Bank Bangladesh Limited (IBBL), the first Shariah-based private bank in Bangladesh, has secured its place in the "World's Top 1000 Banks" since 2012, as rated by the 'Banker'. The IBBL position in the list was 1000th in 2012, 984th, 970th & 954th in 2013, 2014 and 2015 respectively.The Banker is a London based monthly international financial affairs publication, owned by The Financial Times Limited, published since January 1926.The influential magazine publishes the list of top 1000 banks in July each year based on the findings of its own database. This ranking serves to recognize global leaders in the industry for their achievements, ranking the world's banks by Tier 1 capital globally, as well as by individual country.They assessed banks by Tier 1 capital, with secondary rankings by assets, capital/asset ratio, real profit growth, profit on average capital, and return on assets.The magazine has been rating the Top 1000 World Banks ranking setting the industry benchmark since 1970, providing comprehensive intelligence about the health and wealth of the banking sector.Its database provides comprehensive financial data, news feeds and executive contact data on the leading banks in every country. The data have also been standardized for regional reporting and regulatory variations, and forms the basis of The Banker's monthly bank rankings. The Banker's primary focus is global financial comment and insight, featuring opinion pieces, profiles and interviews with leading banking and finance figures.By securing position in the "World's Top 1000 Banks", in fact, the IBBL has obtained recognition as a global standard bank in Bangladesh in terms of Tier 1 capital, assets, capital/asset ratio, real profit growth, profit on average capital, and return on assets.The IBBL has also made Bangladesh proud of being included among the best 1000 banks in the world. This prestigious ranking in Bangladesh is the sign of improvement of its financial sector and its image in global financial arena.Such achievement will help the IBBL to create strong brand image and credibility as most of the chief executive officers (CEOs) and chief financial officers (CFOs) of banks around the world read the magazine regularly.Besides, the Banker is read most widely in financial institutions, multilateral corporations, central banks and finance ministries across the world. The Banker's evaluation will also help the country's leading Shariah-based bank to expedite its foreign trade through setting up letters of credit (LCs) with different influential global banks across the world.In 2015, a total of 1000 banks from 104 countries out of 193 across the world secured their position on the latest "World's Top 1000 Banks" chart of the Banker, where the number of US banks stood at 173 and Bangladeshis bank is only one.Only 47 banks from four SAARC countries (Bangladesh, India, Pakistan and Sri Lanka) out of eight secured places in the "World's Top 1000 Banks" list of the Banker this year while 536 banks from 27 Asian countries out of 48 were included in the chart.The IBBL has been working to ensure equity and justice in all economic activities for achieving a sustainable and balanced growth and equitable socio-economic development since its inception on March 30, 1983.As the country's leading PCB, the IBBL is contributing to the balanced economic growth in Bangladesh through diversification of its investment portfolios by size, sector and geographical area for achieving its ultimate institutional vision. Its goal is to ensure soundness and development of the financial system based on Islamic principles and values.The IBBL is continuously upgrading its customer services, corporate governance and corporate social responsibility (CSR) activities with an innovative and caring professional attitude.The IBBL is now being treated as the reference bank of Shariah banking in the country as well as across the globe due to its firm practice of Shariah guidelines and compliance of all regulatory rules.

News:New Nation/13-Aug-2015

Md Harun-Ar-Rashid Khan, Director of Al-Arafah Islami Bank Ltd, inaugurating 'Tree Plantation Campaign 2015' under its Green Banking program organized by Pagla branch of the bank on Monday. Deputy Managing Director Mohammad Abdul Jalil was present as spec

Posted by BankInfo on Thu, Aug 13 2015 11:36 am

Md Harun-Ar-Rashid Khan, Director of Al-Arafah Islami Bank Ltd, inaugurating \'Tree Plantation Campaign 2015\' under its Green Banking program organized by Pagla branch of the bank on Monday. Deputy Managing Director Mohammad Abdul Jalil was present as sp

News:New Nation/13-Aug-2015

Panchabati Branch Opening Of Union Bank Ltd.

Posted by BankInfo on Thu, Aug 13 2015 10:53 am

In the purpose of providing shariah based modern banking Union Bank Ltd has opened its Panchaboti Branch at Alauddin Super Market (1st Floor), Enayetnagor, Fotullah, Narayanganj on 12th August, 2015. Honorable Managing Director of the Bank Md. Abdul Hamid Miah inaugurated the Branch. Among others Senior Vice President & Company Secretary Abdul Hannan Khan, Head of HRD Md. Mainul Islam Chowdhury, Panchaboti Branch Manager as well as renowned Businessmen, Industrialists, Local Elites, Executives and Officers of the Bank were also present on the occasion. 

A Doa-Mahfil was also organized on the occasion. The Bank is committed to play the leading role in the economic development and Industrialization of the Country.  

News:Daily Sun/13-Aug-2015

HSBC to felicitate stellar exporters

Posted by BankInfo on Thu, Aug 13 2015 10:35 am

Francois de Maricourt, centre, chief executive of HSBC Bangladesh, speaks at a press conference at Sonargaon Hotel in Dhaka yesterday. Bhuvnesh Khanna, country head of commercial banking of HSBC Bangladesh, left, and Talukder Noman Anwar, head of communications, are also seen.

HSBC Bangladesh is set to honour stellar exporters for their contribution to the country's sustainable economic growth.

As in the past five years, the HSBC Export Excellence Awards will be given out in four categories: garments and textiles; enterprises in export processing zones; traditional and emerging sectors; and small and medium enterprises.

The international trade bank has divided garment and textiles exporters into two categories as they account for the majority of the country's exports.

Garment exporters with annual export turnover of $50 million or more are in Group A, and those below are in Group B. Companies in the export processing zones will be awarded under a separate category.

The non-garment or textiles companies with annual export turnover of $5 million or more will be awarded under the traditional and emerging sectors category.

The SME category is for the non-RMG or textiles companies with annual export turnover below $5 million.

Besides, starting from this year, the jury will have the option to announce more than one winner from the categories as Special Achievement Award to encourage exporters with exceptional achievement.

Francois de Maricourt, chief executive of HSBC Bangladesh, announced the awards at a press conference at the capital's Sonargaon Hotel.

He said HSBC has 150 years of experience in facilitating global trade and this enables the bank to help businesses thrive and connect to opportunities the world over.

“We are pleased to provide a platform for Bangladeshi exporters to showcase their capabilities. Our efforts in promoting excellence in this field will continue.”

Bhuvnesh Khanna, country head of commercial banking of HSBC Bangladesh, said the excellence of entrepreneurs of Bangladesh is often best displayed by exporters.

They make Bangladesh more international, he said, adding that the award ceremony is a way of recognising their contribution and showcasing their excellence.

Exporters will have to fill in a form and submit it to Bangladesh Brand Forum, one of the strategic partners of the initiative, by September 17, said Talukder Noman Anwar, head of communications at HSBC Bangladesh.

The exporters are not required to be a client of HSBC to be eligible for the awards, which will take place in November.

Past winners include: DBL Group, Epyllion Textiles, Pacific Jeans Group, Picard Bangladesh, AgroKagri Commodities, Uniglory Cycle Industries, Zaber & Zubair Fabrics, Urmi Group, Pran Group, Janata Jute Mills, Bay Footwear, Square Textiles, Interfab Shirt Manufacturing, Apex Adelchi Footwear and Graphic People.

The Prothom Alo and The Daily Star are also strategic partners of the initiative.

HSBC is the only international bank in Bangladesh to have presence in all of the eight export processing zones expediting exports. It helped local exporters ship products to 120 countries in 2013 and 2014.

Export is a key driver of economic growth for Bangladesh and accounts for about 20 percent of the gross domestic product. Exports exceeded $31.2 billion last fiscal year.   

News:The Daily Star/12-Aug-2015

BB expands point of sales payment

Posted by BankInfo on Thu, Aug 13 2015 10:22 am

All debit and credit cards issued by 46 banks that have so far joined the National Payment Switch Bangladesh (NPSB) will be accepted as a method of payment at all member point of sales (POS) terminals.

“Interbank electronic payments will get a further boost through allowing POS transactions among the banks,” said Atiur Rahman, governor of Bangladesh Bank, at the launching ceremony.

“NPSB will facilitate the expansion of the card-based payment networks substantially and promote e-commerce.” 

POS is the point at which a customer makes a payment through credit or a debit card to the merchant in exchange for goods or services.

The NPSB is now playing the role of a 'mother switch' and it will gradually connect all other switches owned or shared by different banks in Bangladesh.  When the country's 56 banks join the NPSB, an ATM, debit or credit card will be accepted by all teller machines and POS.

“Internet and mobile banking will also be brought under the NPSB soon,” Rahman said.

Bangladesh Bank introduced NPSB in December 2012 to facilitate interbank electronic payments originating from different channels like ATMs, POS, internet, mobile devices etc. Earlier, interbank ATM transactions have been brought under the national switch.

Currently, daily transactions among 46 banks through NPSB stand at Tk 12 crore, the governor added.

The inclusion of POS into the switch will increase interbank transactions significantly.

News:The Daily Star/13-Aug-2015
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