State Minister for Finance MA Mannan Sunday advised the state-owned Janata Bank to redouble efforts to reduce bad loans to a 'justifiable' level.

His advice came at the inaugural session of the bank's annual conference 2015 at a city hotel.

Officials, however, said classified loan of Janata Bank was lessened from 10.85 per cent in 2013 to 10.34 per cent in the last year 2014.

The state minister also urged the state-owned banks to work shoulder-to-shoulder with private commercial banks in the financial sector for the betterment of the country.

The bank's director Nagibul Islam Dipu said that the state-owned banks were performing well and even Janata Bank officials exceeded targets, but their salary is lower than that of the private banks.

Mr Dipu requested the state minister to take measures in this connection.

Deposit of the Janata Bank was raised to Tk 516 billion in 2014 from Tk 479 billion in 2013.

The target of its operating profit was achieved by 96 per cent to Tk 10.53 billion, which was Tk 12.12 billion in the previous year.

In 2014, the bank's non-interest income was Tk 8.2 billion, which was 112 per cent of its target set for the year. It was Tk 8.35 billion in the previous year.

Representatives from different area offices of the banks cited their various problems including lack of manpower and computer-literate persons.

The management advised them to overcome the problems while warning of actions if they hide any information relating to the loan disbursement, especially in case of local influential persons and non-exploitation of business potentials at the respective regions.

Janata Bank chairman Shaikh Md Wahid-Uz-Zaman presided over the annual conference.

News:Financial Express/26-Jan-2015

DHAKA: Dutch-Bangla Bank Limited has achieved 1st position of ‘ICMAB Best Corporate Award-2014′ in the Private Commercial Banks (Traditional Operation) category, reports in a press release. The Award is the testimony of transparency in accounting practices and financial disclosure, good corporate governance and the soundness of the bank. The Institute of Cost and Management Accountants of Bangladesh (ICMAB) organized the award giving ceremony on January 20, 2015 at Pan Pacific Sonargaon Hotel, Dhaka. Abul Maal Abdul Muhith, M.P. Minister, Ministry of Finance, Government of the People’s Republic of Bangaldesh was present as Chief Guest and handed over the trophy and certificate. Professor Dr. M. Khairul Hossain, Chairman, Bangladesh Securities and Exchange Commission was present as Special Guest.
K.S. Tabrez, Managing Director of Dutch-Bangla Bank received the award from the Chief Guest. Abul Kashem Md. Shirin and Md. Sayedul Hasan, Deputy Managing Directors and Khan Tariqul Islam, Deputy Managing Director and CFO from DBBL were also present on the occasion.
Abul Maal Abdul Muhith, M.P. Minister, Ministry of Finance, Government of the People’s Republic of Bangaldesh was present as Chief Guest and handed over the trophy and certificate to K.S. Tabrez, Managing Director of Dutch-Bangla Bank. Abul Kashem Md. Shirin and Md. Sayedul Hasan, Deputy Managing Directors and Khan Tariqul Islam, Deputy Managing Director and CFO from DBBL were also present on the occasion.

Dhaka: Mutual Trust Bank Limited (MTB) recently signed an agreement with Apollo Hospitals Dhaka. Under this agreement, MTB Privilege Banking customers will enjoy special health care facilities from Apollo Hospitals Dhaka.
Dr. Shagufa Anwar, General Manager, Business Development of Apollo Hospitals Dhaka and Syed Rafiqul Haq, Deputy Managing Director & Chief Business Officer of MTB, signed the agreement on behalf of their respective organizations, at a simple ceremony held at MTB Centre, the Corporate Head Office of MTB in Gulshan, Dhaka. Md. Mahfuz Alam, Senior. Manager, Corporate Business Development of Apollo Hospitals Dhaka, Irfan Islam, Head of MTB Privilege Banking and other senior officials of both the organizations were also present on the occasion.
“Mutual Trust Bank Ltd. (MTB) is a third generation private commercial bank, based in Dhaka, Bangladesh and has been adjudged the first-ever best “SME Bank of the Year” and best “Women Entrepreneurs’ Friendly Bank of the Year” by Bangladesh Bank and SME Foundation. MTB aspires to be one of the most admired banks in the nation and recognized as an innovative and client-focused company.
With our current network of 103 branches, 10 kiosks, 194 modern ATMs, over 1,900 Point of Sales (POS) machines, located in prime commercial, urban and rural areas, MTB offers fully integrated real time Online Banking Services, Internet and SMS Banking to its clientele, through a dedicated Team of experienced Relationship Managers and Alternative Delivery Channels (ADC).”

Dhaka: Mutual Trust Bank Ltd. (MTB) held its Annual Business Conference 2015 (MTB ABC 2015) on Saturday at a local hotel in Dhaka, reports in a press release.
The program was attended by MTB Chairman, Rashed A. Chowdhury, Founding Chairman, Syed Manzur Elahi, Vice Chairman, M.A Rouf, JP, MTB Directors, Dr. Arif Dowla, Md. Abdul Malek, Khwaja Nargis Hossain, Independent Director Anwarul Amin. The Bank’s Managing Director & CEO, Anis A. Khan, Deputy Managing Directors, Quamrul Islam Chowdhury, Md. Hashem Chowdhury, Md. Zakir Hussain and Syed Rafiqul Haq also attended the day-long session. Divisional and Departmental Heads, Managers of all MTB branches and Chief Executive Officers of two subsidiary companies – MTB Securities Ltd. and MTB Capital Ltd. were present at the MTB ABC 2015. The conference discussed strategies and plans on how the bank will reach its desired targets in 2015, considering the previous year’s achievements and current year’s economic scenario and market conditions.
The theme for 2015 – “Unlocking New Horizons”, was unveiled at the conference. MTB Chairman Rashed A. Chowdhury, in his speech, expressed his gratitude to all MTBians for successfully closing the financial year 2014 with significant progress achieved over 2013. He also advised all to reinforce their commitments, which will enable them to progress better than the competition. The MTB Founding Chairman Syed Manzur Elahi appreciated the efforts of the management to bring the bank to its current stage of development, and success in growing the infrastructure, network, products and services and keeping the trust of its customers. Anis A. Khan, the MTB Managing Director & CEO said that MTB has taken the leap to become one the best equipped and high-performance banks in the country, and everyone now needed to fully utilize the bank’s expanding capabilities and help realize MTB3V – the bank’s vision. He also presented highlights of the bank’s performance and strategic direction for this year. Deputy Managing Directors, Divisional and Departmental Heads also made presentations at the very largely attended conference. “Mutual Trust Bank Ltd. (MTB) is a third generation private commercial bank, based in Dhaka, Bangladesh and has been adjudged the first-ever best “SME Bank of the Year” and best “Women Entrepreneurs’ Friendly Bank of the Year” by Bangladesh Bank and SME Foundation. MTB aspires to be one of the most admired banks in the nation and recognized as an innovative and client-focused company. With our current network of 103 branches, 10 kiosks, 194 modern ATMs, over 1,900 Point of Sales (POS) machines, located in prime commercial, urban and rural areas, MTB offers fully integrated real time Online Banking Services, Internet and SMS Banking to its clientele, through a dedicated Team of experienced Relationship Managers and Alternative Delivery Channels (ADC).”