Banking
Eastern Bank Ltd holds EGM
The proposal for issuance of ‘EBL Subordinated Bond’ worth Tk 250 crore was approved at the EGM, said a press release.
M Ghaziul Haque, Chairman of the board of directors of the bank, presided over the meeting.
Mir Nasir Hossain, Meah Mohammed Abdur Rahim, Asif Mahmood, Ormaan Rafay Nizam, Directors, Ali Reza Iftekhar, Managing Director and CEO, Safiar Rahman, Company Secretary, attended the EGM.
A large number of shareholders of the bank also attended the meeting.
Islami Bank declares 18pc dividend
The 31st Annual General Meeting (AGM) of Islami Bank Bangladesh Limited (IBBL) was held at Bangabandhu International Conference Centre in Dhaka on Saturday.
The AGM approved 18 percent dividend comprising 10 percent stock and 8 percent cash for the shareholders of the bank for the year 2013.
Prof. Abu Nasser Muhammad Abduz Zaher, Chairman of the bank presided over the meeting, said a press release on Sunday. The meeting also approved balance sheet up to 31st December 2013, profit and loss account and directors’ and auditors’ reports. Four directors were elected in the meeting.
Pubali Bank Limited, Ishwardi branch shifted to new premises recently having online facilities
Ishwardi – Pubali Bank Limited, Ishwardi branch shifted to new premises recently having online facilities with a view to providing best & modern banking services, reports in a press release. Director of Pubali Bank Limited Ahmed Shafi Choudhury inaugurated the shifted branch as a chief guest. Managing Director Helal Ahmed Chowdhury presided over the inauguration ceremony.
Deputy Managing Director of Pubali Bank Ltd. Safiul Alam Khan Chowdhury, Chief Technical Officer & GM Mohammad Ali, Regional Manager of Rajshahi Region DGM Sayed Saiful Islam were attended at the function.
In his speech Ahmed Shafi Choudhury highlighted that Pubali Bank is committed to its customers for providing services in fastest, secured and reliable way by utilizing modern banking facilities. In this perspective and fulfilling the demand of the customers, Pubali Bank Ltd has shifted the branch for larger accommodation and online facilities. He also expressed that Pubali Bank will provide the better customer service with the help of modern information technology.
In his speech Helal Ahmed Chowdhury said that Pubali Bank has been providing better services for its customer with a promise to keep up its original tradition. He also said, Pubali Bank give priority to provide opportunity and advantage to the customers through application of modern technologies. With a view to expanding the scope of services, the bank has shifted Ishurdi branch. He said that profit was not the only goal of the Bank but also improvement of customer service is another important goal. He expressed that the branch has remarkable contribution in the business development of this area. He also urged all the local people to avail the facility of online service of Pubali Bank to expand their ventures. Renowned businessmen and local elite were also attended at the function.
31st Annual General Meeting of Islami Bank Bangladesh Ltd held in city
The 31st Annual General Meeting of Islami Bank Bangladesh Limited was held at Bangabandhu International Convention Centre on Saturday, May 31, 2014, says a Press Release.
Prof. Abu Nasser Muhammad Abduz Zaher, Chairman of the Bank presided over the meeting. Yousif Abdullah Al-Rajhi and Engr. Mustafa Anwar, Vice Chairmen, Engr. Md. Eskander Ali Khan, Md. Abul Hossain, Dr. Areef Suleman, Mohammad Abdullah Al Jalahma, Repr. Kuwait Awqaf Public Foundation, Md. Abdus Salam FCA, FCS, Humayun Bokhteyar, ACPA, FCA, Prof. NRM Borhan Uddin, Ph.D, Barrister Mohammed Belayet Hossain, Directors, Mohammad Abdul Mannan, Managing Director, Prof. Dr. Abu Bakr Rafique, Member Secretary, Shariah Supervisory Committee along with shareholders and high executives of the Bank were present on the occasion. The Bank approved 18% dividend comprising 10% stock and 8% cash for the Shareholders for the year 2013. The meeting also approved balance sheet upto 31st December 2013, Profit and Loss Account and Reports of the Directors and Auditors. Four directors were elected in the meeting.
BB introduces banking for street children
Bangladesh Sangbad Sangstha . Dhaka
Bangladesh Bank governor Atiur Rahman inaugurates the banking service for the street children, which will allow them to open a bank account with Tk 10, at a ceremony in city’s Bangla Academy on Saturday.
Bangladesh Bank has launched banking service for the street children, which will allow them to open a bank account with Tk 10 only.
All the government and private banks in the country will operate the account which would help the children to develop their savings habits and eventually help them step forward towards better future.
BB governor Atiur Rahman on Saturday inaugurated the service at a ceremony in city’s Bangla Academy.
The central bank has taken the initiative of institutional financial support for the street children after introducing various types of banking services for farmers, sharecroppers and some other underprivileged people.
Speaking on the occasion, Atiur Rahman said some 8-10 lakh distressed street children had been engaging with hazardous works, of which most of them were involving with drug addiction and criminal offences.
‘The initiative jointly taken by the banking sector and non-government organisation would help to prevent the street children from derailment through developing financial position,’ he hoped.
The central bank governor expressed his confidence that the initiative not only acquaint the street children with the banking system, but also habituate them for savings.
He advised the banks to innovate necessary products so that the children could collect loan after completing 18 years to be self-reliance.
Initially, 300 street children are getting opportunity to open bank account in the first phase.
On March 10 this year, the central bank in a circular asked all banks to allow street children and child workers open bank accounts by taking a deposit of Tk 10 only, which the banks are now offering to the farmers and others who cannot afford normal banking services.
Following the directive, 10 banks so far teamed up with non-government organisation Save the Children for offering the service to the destitute children who have no option that live and work in railway stations, bus and ferry terminals, slums and footpaths.
The 10 banks are Rupali Bank, Agrani Bank, Pubali Bank, One Bank, National Bank, Southeast Bank, Bank Asia, City Bank, NCC Bank and Bangladesh Krishi Bank. The other banks will follow the suit in phases.
As per the BB guideline all the accounts should be operated by the non- government organisations, nominated by the central bank.
The NGOs concerned will nominate at least two of their staff for doing these jobs. Among the two employees, one should be from the accounting department and the other from the field level.
However, the NGOs should take the overall responsibility of operating the accounts until the street children and the child workers reach the age of 18 years. The NGOs and the banks concerned will sign agreements to operate the accounts.
There will be no fees for these accounts, but the account holders will not get online transaction facility, meaning no debit or credit cards would be issued by the banks. Withdrawal should be done by using cheques or other physical debit instructions.