Bangladesh Development Bank Limited (BDBL) has registered Taka 81.19 crore profits in the first six months (January-June) of the current year.

The bank has witnessed 24 per cent growth in profit in the period than the previous year, although most of the state-owned banks faced fall in profit. The BDBL made profit of Taka 65.44 crore in the same period of the previous year.

Talking to BSS, Dr M Zillur Rahman, Managing Director of BDBL, said expanded treasury activities along with general banking and foreign commerce have boosted the profit of the bank.

He informed the bank is now financing in SME and agriculture sectors.

Meanwhile, the BDBL has signed four agreements regarding refinancing fund with the Bangladesh Bank, which has allowed the bank for refinancing of Taka 25 crore in bank rate, added Rahman.

At present, the bank has no provision deficit and it has Taka 1,150 crore reserved capital against the necessary capital of Taka 400 crore.

The bank has approved a total loan of Taka 149.58 crore in the period while disbursed loan of Taka 154.91 crore. During the period, the BDBL recovered due loan of Taka 139.11 crore 

Md. Abu Bakar Siddique recently joined Rupali Bank Limited (RBL) as Deputy Managing Director.

Bank and Financial Institutions Division, Ministry of Finance, issued a circular on 30 June on his promotion as Deputy Managing Director, said a press release.

Prior to his posting, he was General Manager, Human Resources Division of Janata Bank Limited.

Dhaka : Bank Asia opened three agent booths in Noakhali and Laxmipur districts on Sunday (15 June, 2014) in a move to financial inclusion of rural people, reports in a press release. Of the booths, Rumee A Hossain, Chairman of Bank Asia Board Executive Committee inaugurated two agent booths located respectively at Teuri and Panpara Bazar of Ramgonj upazila, Laxmipur while Mohammed Lakiotulla, Chairman of Bank Asia Board Audit Committee inaugurated booth Chasirhat of Sonaimuri Upazila, Noakhali.
M Irfan Syed, Director of Bank Asia, Md Arfan Ali, Deputy Managing Director (SMR), Quazi Mortuza Ali, First Vice President and Head of Alternative Delivery Channel (ADC) and other officials of Agent Banking program and local elites were present during opening of the agent booths.
Bank Asia, pioneer in agent banking in Bangladesh, has been expanding agent banking services all over Bangladesh as a part of financial inclusion of unbanked population.

In the purpose of providing shariah based modern banking service Union Bank Ltd. has been inaugurated its Khulna Branch on 26th June, 2014 at Munna Tower (1st Floor), KD Avenue, Shibbari More, Khulna Sadar, Khulna, informed by the authority.
Deputy Managing Director of Union Bank Ltd. Mr. Syed Abdullah Mohammed Saleh inaugurated the Branch. Among others chairman of Khulna chamber of commerce and industries Kazi Aminul Haq, Head of GSD Mr. Md. Abul Kalam, Branch Manager, Renowned Businessmen, Industrialists, Local Elites, Executives and Officers of the Bank were also present on the occasion. A Doa-Mahfil was also organized on the occasion. The Bank is committed to play the leading role in the economic development and Industrialization of the Country.

Dhaka-UCash, mobile financial service of United Commercial bank Limited (UCB) recently signed an agreement with Progressive Life Insurance Company Limited at the Corporate Head Office of UCB. As per the agreement, Insurance premium collection of Progressive Life Insurance Company Limited all over the country will be initiated through UCash, informed by the authority.
On behalf of UCB Honourable Additional Managing Director of UCB Mr. Mirza Mahmud Rafiqur Rahman and Head of Mobile Financial Services of UCB Mr. Mir Jahir Uddin Ahmed and on behalf of Progressive Life Insurance Company Limited Managing Director Dr. Syed Tanvir Alam; Deputy Managing Director Mr. Md. Golam Rasul; CFO Mr. Shadhan Chandra Das, FCA along with other senior officials of both the organizations were present at the event.
United Commercial Bank Limited is the finest private commercial banks of the country with innovative products and services for its clients.