AB Bank Limited, the first Private Commercial Bank of the country, celebrated its 33rd founding anniversary recently. To mark this occasion, AB Bank organised Flag Hoisting and Cake Cutting Ceremony in the Head Office which ended with Doa Mahfil. M. Wahidul Haque, Chairman of AB Bank, Directors of the Bank and Shamim Ahmed Chaudhury, President and Managing Director graced the occasion with their presence.

Finance Minister AMA Muhith has rejected the World Bank’s projected growth rate of 5.6% in current fiscal year of the country.

He said the growth rate would near 7% despite political turmoil.

The finance minister made the remark yesterday while replying to a question from a reporter after meeting with the US Ambassador, Marcia Stephens Bloom Bernicat, at his secretariat.

The minister also said the International Monetary Fund (IMF) always looks upon the country’s growth rate in a conservative way.

The growth rate projected by the Asian Development Bank is a little bit similar to the country’s current fiscal projection, he added.

“I do not care about the multilateral agencies’ growth projection, but I think our growth estimate would be right.”       

Earlier in the day, the World Bank report on Bangladesh’s development update revealed 5.6% growth rate from projected 7.3% in current fiscal year due to prolonged political unrest.

The global lender revealed the findings yesterday at a programme that launched the Bangladesh Development Update Report 2015 at its Dhaka office. 

Unveiling the report, WB’s Chief Economist Dr Zahid Hossain said: “The country incurred a huge financial loss of around US$2.2 billion (approximately Tk17,150 crore) in the last three months due to political turmoil.”

The financial loss in January, February and March this year is more than that in the first three months in 2013, he said. 

Citing the three months as dry season, Zahid said: “Since it was the dry season, the loss incurred was huge as the three months were the peak time for production.” 

Dhaka: ONE Bank Limited (OBL) recently signed a Memorandum of Understanding (MoU) with Fair Distribution Limited, reports in press release.
M. Fakhrul Alam, Managing Director of ONE Bank Limited and Md. Ruhul Alam Al Mahbub, Managing Director, Fair Distribution Limited signed the MoU on behalf of their respective organizations.
Under this MoU, OBL Credit Cardholders will enjoy interest free flexible installments for a period of 3 months to 12 months while purchasing Samsung Smartphone and tablet from Samsung Smartphone Café and Samsung outlets under “Smart EMI” plan, an interest free payment proposition for OBL Credit Cardholders.
Gazi Yar Mohammed, Head of Retail Banking of ONE Bank Limited and Md Abdur Rouf, Chief Financial Officer of Fair Distribution Limited along with other high officials of both the organizations were also present in the ceremony. One Bank Vision is to establish ONE Bank Limited as a Role Model in the Banking Sector of Bangladesh, to meet the needs of our Customers, Provide fulfillment for our People and create Shareholder Value.
One Bank Mission is to constantly seek ways to better serve our Customers, to be pro-active in fulfilling our Social Responsibilities, to review all business lines regularly and develop the Best Practices in the industry, working environment to be supportive of Teamwork, enabling the Employees to perform to the very best of their abilities.

Business Desk
Shaheen Mahmud, Chairman of the Board of Directors of Jamuna Bank Limited is presiding over the 265th Board meeting. Al-Haj Nur Mohammed, Chairman, Jamuna Bank Foundation, Md. Rafiqul Islam, Chairman, Audit Committee, other directors of the bank, Managing Director Shafiqul Alam and AMD Mosleh Uddin Ahmed were present in the meeting, reports in a press release. The Board reviewed at length the overall operational aspects of the bank and took some pragmatic steps for their expansion and more improvement. Jamuna Bank Limited (JBL) is a Banking Company registered under the Companies Act, 1994 of Bangladesh with its Head Office currently at Chini Shilpa Bhaban, 3, Dilkusha C/A, Dhaka-1000, Bangladesh. The Bank started its operation from 3rd June 2001, reports in a press release.
The Bank provides all types of support to trade, commerce, industry and overall business of the country. JBL’s finances are also available for the entrepreneurs to set up promising new ventures and BMRE of existing industrial units. Jamuna Bank Ltd., the only Bengali named 3rd generation private commercial bank, was established by a group of local entrepreneurs who are well reputed in the field of trade, commerce, industry and business of the country.
The Bank offers both conventional and Islamic banking through designated branches. The Bank is being managed and operated by a group of highly educated and professional team with diversified experience in finance and banking. The Management of the bank constantly focuses on understanding and anticipating customers’ needs. Since the need of customers is changing day by day with the changes of time, the bank endeavors its best to device strategies and introduce new products to cope with the change. Jamuna Bank Ltd. has already achieved tremendous progress within its past 10 years of operation. The bank has already built up reputation as one of quality service providers of the country.
At present the Bank has real-time Online banking branches (of both Urban and Rural areas) network throughout the country having smart IT-backbone. Besides traditional delivery points, the bank has ATMs of its own, sharing with other partner banks and consortium throughout the country.
The operation hour of the Bank is 10:00 A.M. To 6:00 P.M. from Sunday to Thursday with transaction hour from 10:00 A.M. to 4:00 P.M. The Bank remains closed on Friday, Saturday and government holidays.