Md. Mehmood Husain, President & Managing Director of Bank Asia, Lahiru Munindradasa, Country General Manager of Tech One Global (Pvt.) Ltd and Sonia Bashir Kabir, Managing Director of Microsoft Bangladesh Ltd. are exchanging signed agreement on Microsoft Enterprise Agreement at a function held at the Corporate Office of the Bank at Purana Paltan Dhaka recently. Aminul Islam, Additional Managing Director and Md. Arfan Ali, Deputy Managing Director of Bank Asia, are also seen in the picture.

S.M. Shameem Iqbal, Vice Chairman, Board of Directors of Al-Arafah Islami Bank Limited, Md. Habibur Rahman, Managing Director of the Bank and Mahmud Hossain, Managing Director of MISL seen in the signing ceremony held Tuesday.

Al-Arafah Islami Bank Ltd, a second generation private commercial bank (PCB) has acquired 51 per cent shares of Millennium Information Solution Ltd (MISL), one of the biggest software companies of Bangladesh.

Corporate insiders said the $ 2.0 million investment from Al-Arafah enabled the bank to become the equity partner of its Core Banking Solution (CBS) provider.

It is the first time development in the country's corporate history that a financial institution has become the owner of its CBS provider.

A Memorandum of Understanding (MOU) was signed in this regard between Al-Arafah Islami Bank Limited (AIBL) and MISL in the city Tuesday.

S.M. Shameem Iqbal, Vice Chairman, Board of Directors of Al-Arafah Islami Bank Limited was present as the chief guest in the ceremony.

 Md. Habibur Rahman, Managing Director of the Bank and Mahmud Hossain, Managing Director of MISL signed the MOU on behalf of their own companies.

Mr. S.M. Shameem Iqbal said "This partnership will make the bank much more confident and flexible in adopting state of the art technology solution to become a new generation Islamic Bank."

Mr. Mahmud Hossain said  "MISL, being one of the top ten (10) Islamic Banking Solution providers in the world (according to Gartner Inc.), made Al-Arafah Bank  its equity  partner to consolidate its position on flagship product 'Ababil' across the globe."

Md. Rezaur Rahman, DMD of the Bank, Mr. Mofazzal Hossain, Company Secretary, Mr. Muhammed Nadim ACA, Executive Vice President, Syed Masodul Bari, EVP, Mr. Fakruzzaman, Director of MISL,Mr. Mafuzur Rahman, Director of  MISL, Mr. Nazrul Islam, Manager Finance and Mr. Md. Shamsul Haque, Financial Advisor were also present in the ceremony.

News:Financial Express/27-May-2015

Customers’ Interests Protection Centre releases April complaints

Two state-owned banks and a private one dissatisfied their customers most as Bangladesh Bank (BB) received the highest number of complaints against them last month, reports BSS.
BB received a total of 250 complaints in April against different banks as the banks failed to provide satisfactory services for their customers. The highest number of complaints was lodged with its Customers’ Interests Protection Centre (CIPC) against Sonali Bank, Rupali Bank and BRAC Bank. “These three banks have already been asked to take necessary steps to reduce the number of complaints from their clients. Otherwise, the central bank would take actions accordingly,” BB general manager at the Governor Secretariat AFM Asaduzzaman told the news agency.
He said BB had already resolved 236 complaints, or 94 per cent of the total 250 complaints received in April.
Among the complaints, 72 were general banking services related, 49 were concerning loans, 14 were on credit card services, eight were related to mobile banking, four were for mishandling remittances and six were regarding import bills.
The BB official said people lodged 197 complaints by post and the rest 53 by phone. He suggested people call BB’s helpline (16236) for lodging their complaints directly.

Prime Bank South Zone remained firmly on course to the title of Bangladesh Cricket League after they took a commanding position in their third and final game against Islami Bank East Zone in Chittagong on Tuesday. Needing only a draw to secure the title, Prime Bank gained a sizable 138-run first innings lead and then stretched their lead to 369 after reaching 231-4 in their second innings at close on the third day. With only a day to play, the chance for Islami Bank to deny Prime the title appeared bleak as they need an outright win to repeat their success in the one-day version of the tournament. Replying to Prime Bank’s 385, Islami Bank resumed their first innings on the third day on 159-3 but lost wickets at regular intervals to be dismissed for 247 runs. Alok Kapali, who was unbeaten on 18, fell in the very first over adding just two runs to his overnight score and he was quickly followed by fellow overnight batsman Shadman Islam. Shadman added just one to his overnight 86 before he was dragged out of crease by veteran Abdur Razzak for a stumping. Apart from Abul Hasan, who made 50 off 82 balls, no other batsman could provide any resistance as two national team discards Sohag Gazi (4-62) and Al-Amin Hossain (3-45) shared seven wickets between them. Prime Bank had enough time to consolidate their position in the second innings and they used it to the fullest despite losing opener Imrul Kayes for a duck in the third ball of the innings. Other opener Anamul Haque struck 70 before Soumya Sarkar added an unbeaten 75 alongside Mosaddek Hossain 43 not out giving Prime a firm grip in the match. Elsewhere at the Sher-e-Bangla National Stadium, the match between Walton Central Zone and BCB North remained evenly poised after a rain-interrupted third day. Walton resumed on 20-2 after rain delayed the start of third day’s play until 12:00pm and were finally all out for exactly 200 runs in their second innings, setting a 203-run winning target the BCB outfit. Mehrab Hossain jr remained unbeaten on 54 for Walton as Mahmudul Hasan grabbed 4-53. Walton bowlers struck back immediately to reduce the BCB side to 11-2 at close on the third day, leaving the prospect of an intriguing final day, though a win will count for nothing for either side. Mohammad Shahid handed opener Hamidul Haque a sixth ball duck before Shuvagata Hom removed Junaed Siddique in the next ball of the second over throwing the contest open. Mahmudul, who is yet to open his account, will resume the final day with nightwatchman Taijul Islam with the BCB team needing 192 runs and Walton needing eight wickets. 

IFIC Bank organised a day-long training on IFIC Bank Home Loan at a local hotel in Sylhet recently.
Deputy Managing Director and Head of Business Shah Md. Moinuddin inaugurated the programme, said a press release.
Ferdousi Begum, SVP and Head of Retail Banking, Head Office, AK Mojibur Rahman, VP and Head of HR Development and Training Institute, Md. Faruk Ahmed, SAVP and Manager of Ambarkhana branch, Ashim Kumar Saha, FAVP of Retail Banking Division and Md. Harun-or-Rashid, AVP of Sylhet Branch attended the inaugural session.
A total of 33 participants took part in the training workshop.