Sreenogor : Vice Chairman of Trust Bank Limited & Adjutant General of Bangladesh Army Maj Gen Ashraf Abdullah Yussuf   formally inaugurated Trust Bank Limited Sreenogor, Munshigonj Branch recently, reports in a press release.
In this grand opening occasion, Banks Managing Director & CEO of the Bank Ishtiaque Ahmed Chowdhury were also present this ceremony with Banks Director and distinguished guests.
On the other hands, DMD, cluster head, Senior Officials of the Bank Management, and local administrative government people, businessman & other invited guest also attended the inaugural ceremony. We aim to provide financial services to meet customer expectations so that customers feel we are always there when they need us, and can refer us to their friends with confidence. We want to be a preferred bank of choice with a distinctive identity.
Trust Bank mission is to make banking easy for our customers by implementing one-stop service concept and provide innovative and attractive products & services through our technology and qualified human resources. We always look out to benefit the local community through supporting entrepreneurship, social responsibility and economic development of the country.
Trust Bank is a contemporary, upbeat brand of distinctive quality of service and solution that offers a rewarding banking experience as preferred choice of banking partner every time, every where.

Banks regularised Tk 18,552 crore until June under relaxed loan rescheduling rules that were introduced in December last year to help businesses affected by political unrest.

Eight state-owned and specialised banks accounted for almost half of the amount or Tk 9,174 crore, according to central bank statistics.

Although the banks took advantage of the relaxed rules, their classified loans rose during the period.

Under the scope that expired in June, businesses were allowed to reschedule their loans by fixing their down payment and time limit for repayment, and restructure loans by setting up a rational repayment period.

Banks had to obtain a no-objection certificate (NOC) from the central bank before the rescheduling facility became effective.

However, many of the loan rescheduling proposals were rejected, a central bank official said.

For example, he said, Janata Bank had sent proposals to reschedule loans worth Tk 4,487 crore under the relaxed policy, but could finally regularise Tk 2,057 crore during the period.

The official said the central bank gave the NOCs after scrutinising the proposals carefully. The BB also opened a cell at its headquarters to monitor the loans.

Central bank inspection teams, during their regular visits to different banks, took with them a list of the loans rescheduled by the banks under the special facility and checked their status. Among the state banks, Rupali rescheduled the highest amount of loans worth Tk 3,137 crore, followed by Agrani Bank's Tk 2,062 crore, according to the BB.

Of the other state and specialised banks, Sonali rescheduled loans worth Tk 756 crore, while Bangladesh Development Bank regularised Tk 305 crore, Bangladesh Krishi Bank Tk 545 crore, Rajshahi Krishi Unnayan Bank Tk 253 crore and BASIC Bank Tk 59 crore.

However, banks' classified loans increased by 1.82 percentage points to 10.75 percent of their outstanding loans on June 30. On December 31, the amount of their total default loans was 8.93 percent of the outstanding loans.

The state banks' default loans were 23.23 percent on June 30, up from 19.76 percent on December 31.

The central bank had offered the relaxed rescheduling facility in the first week of December last year and banks made the best use of the scope in that month.

As a result, the classified loan situation of the banks improved much in December last year compared to September the same year.

Non-performing loans in banks fell 28.45 percent during the period last year, according to a central bank study.

Banks' provision against bad loans also came down by 21 percent during the period, while provision shortfall slid around 92 percent.

DHL Express, the world's leading express company, reached an agreement with Shahjalal Islami Bank Limited (SHIBL) to provide international express delivery to the bank and its customers. 

An official corporate deal in this connection was signed between DHL Express Bangladesh and Shahjalal Islami Bank Limited at the head office of SHIBL. 

The agreement was signed by Desmond Quiah, Country Manager, DHL Express Bangladesh and Farman R. Chowdhury, Managing Director, SHIBL on behalf of their respective organisations, said a press release.

Bangladesh Bank holds meeting today

Dhaka: Bank Asia provided a 3-week Foundation Training to its 30 (thirty) officers in an effort to improve their professional efficiency, reports by the press release. A. Rouf Chowdhury, Chairman of the Bank, handed over certificates to the participants of 32nd Foundation Training Course at the concluding ceremony held at Bank Asia Institute for Training & Development, Rangs Bhaban, Tejgaon, Dhaka on Tuesday. Md. Sazzad Hossain, Executive Vice President & Head of ICCD,   Mamun Mahmud, Senior Vice President & Head of Human Resources Division and   Md. Azharul Islam, Vice President  & Head of Training, were, among others, present.
Bank Asia puts the highest importance on training so as to augment knowledge and skill on the part of personnel.