National Bank Training Institute and Anti Money Laundering Department of the bank organized a day-long workshop on “Prevention of Money Laundering and Combating Financing of Terrorism” in the city recently. A total number of 58 executives and officers from compliance units of 20 branches of Dhaka city area attended the workshop. Shamsul Huda Khan, Managing Director & CEO of National Bank Limited was present in the workshop as chief guest. Syed Mohammad Bariqullah, Deputy Managing Director and CAMLCO of the bank was present as special guest, reports in press release.
National Bank mission is to efforts for expansion of our activities at home and abroad by adding new dimensions to our banking services are being continued unabated. Alongside, we are also putting highest priority in ensuring transparency, account ablility, improved clientele service as well as to our commitment to serve the society through which we want to get closer and closer to the people of all strata. Winning an everlasting seat in the hearts of the people as a caring companion in uplifting the national economic standard through continuous upgradation and diversification of our clientele services in line with national and international requirements is the desired goal we want to reach.
National Bank vision is to ensuring highest standard of clientele services through best application of latest information technology, making due contribution to the national economy and establishing ourselves firmly at home and abroad as a front ranking bank of the country are our cherished vision.
Shahjalal Islami Bank Limited (SJIBL) commenced its commercial operation in accordance with principle of Islamic Shariah on the 10th May 2001 under the Bank Companies Act, 1991. During last thirteen years SJIBL has diversified its service coverage by opening new branches at different strategically important locations across the country offering various service products both investment & deposit. Islamic Banking, in essence, is not only INTEREST-FREE banking business, it carries deal wise business product thereby generating real income and thus boosting GDP of the economy. Board of Directors enjoys high credential in the business arena of the country, Management Team is strong and supportive equipped with excellent professional knowledge under leadership of a veteran Banker Farman R. Chowdhury.

Senior Vice President & Head of Retail Banking of IFIC Bank Ferdousi Begum and President of Oxford International School, an English medium school in the city, Md Shakawat Hossain exchanging documents after signing an MoU on behalf of their respective organisations in the city recently. Under the deal, IFIC Bank will offer all types of banking services to teachers, students and employees of the school. Deputy Managing Director & Head of Branch Banking of IFIC Bank Fariduddin Al Mahmud, among others, was present at the MoU signing ceremony.

Mr Mohammad Feroz Hossain has recently been promoted to the post of deputy managing director (DMD) of EXIM Bank. Prior to his promotion, Mr Hossain was the senior executive vice president of the bank. Mr Hossain started his banking career with National Bank. He joined the EXIM Bank as an assistant vice president in 1999. In his 15 years' career with EXIM Bank, Mr Hossain served the bank in various capacities. Mr Hossain was the head of many departments and the manager of different branches. Presently, he is the Relationship Manager of the bank's Motijheel Branch. In his tenure, Motijheel Branch earned the highest profit and he was honoured the best manager award for consecutive three years. Mr Hossain visited the UK, China, India, Singapore, Thailand, Hong Kong and many other countries to take part in trainings, seminars and workshops.

AFP, WASHINGTON: International banks have slowed cross-border lending since the financial crisis, but their local affiliates are filling the gap in a positive sign for greater financial stability, the IMF said yesterday.
The slowdown in cross-border lending since 2008, especially by European banks, has in part been replaced by a surge from Asian banks, the International Monetary Fund said in a new report. But global banks are also lending more from their subsidiaries inside recipient or “host” countries.
And that is likely good for countries that are vulnerable to sharp swings in capital flows in economic downturns, the IMF said. “Cross-border lending is a particularly volatile form of cross-border capital flows,” said Gaston Gelos of the IMF’s Monetary and Capital Markets Department.
“Around domestic crises, foreign-owned affiliates tend to reduce their credit less than domestic banks.”
The study suggests that countries on the receiving end of international capital flows would do well to encourage more local branches of foreign banks.
The study, from the IMF’s latest Global Financial Stability Report, addresses how economic crises can be exacerbated by sharp changes in lending policy by global banks. 
In a domestic crisis, domestic banks will sharply tighten lending, constricting economic activity. The same happens with loans from outside the country, the IMF said. 
But foreign bank branches within a country, the study says, cinch up their loan books less quickly and tightly, effectively taking a larger role in supporting growth.
Both cross-border lending and the number of international banks subsidiaries in recipient or “host” countries have declined since the 2008 crisis, the IMF noted.
Banks, especially those in Europe, have retrenched in order to strengthen their capital foundations and meet tougher requirements from regulators.
But the proportion of their global loan business from foreign subsidiaries has grown.
“Domestic credit is less affected during times of global stress in countries that are home to banks with large international operations,” the study said.
“A high reliance of subsidiaries on domestic deposits for their funding is also found to help stabilize lending during both domestic and global stress.”
The IMF stressed that host countries need to keep the doors open to cross-border loans. 
However, it added, “foreign banks operating locally rather than through cross-border transactions tend to contract credit much less following domestic shocks in host countries.”
The report noted that the Europeans, especially French and Spanish banks, are leaders in operating subsidiaries in other countries, while Japanese banks, for example, engage more heavily in cross-border business.