Under the scheme, a borrower can take up to Tk50,000 loan at 12% interest rate from banks who will borrow the money at 5% from Bangladesh Bank

Hassan O. Rashid, Acting Managing Director, EBL, John McCann, Regional Managing Director for Asia Pacific, Diners Club International, Nazeem A Choudhury, EBL Head of Consumer Banking, Rasel Hasan, Head of Cards, Diners Club International are seen at a press conference at a hotel in Dhaka on Wednesday.

Eastern Bank Ltd (EBL), one of the leading private commercial banks in Bangladesh, has launched an exclusive range of cards in association with Diners Club International®, a business unit of Discover Financial Services.

The announcement came at a press conference held at a city hotel on Wednesday, said a press release.

EBL will gradually introduce a full range of Diners Club credit, corporate and other cards in the growing cards market of Bangladesh to facilitate a cashless society and promote financial inclusion, said a press release.

The EBL Diners Club Cards will be tailored to complement the complex and fast-paced lifestyle of EBL’s elite clients and offer a wide range of premium travel and lifestyle benefits.

In addition, the cardholders would have complimentary access to the Sky Lounge facilities at Hazrat Shahjalal International Airport. Additionally, cardholders would be privy to instant global recognition reflecting their status and preferences through a dedicated and elite concierge programme - EBL Diners Club Concierge.News:Daily Sun/15-May-2014

IFIC Bank Limited signed an agreement with a BEXIMCO company – International Knitwear and Apparels Limited – at the BEXIMCO Industrial Park at Kashimpur in Gazipur for offering various mobile banking services.

BEXIMCO Group Director and Chief Executive Officer of BEXIMCO Limited Syed Naved Hussain and IFIC Bank’s Deputy Managing Director and Chief Financial Officer S.M. Abdul Hamid signed the deal recently.

Islami Bank Bangladesh Limited has launched the Hajj Prepaid Card. Mohammad Abdul Mannan, Managing Director of the Bank unveiled the Card on April 20, 2014 at Board Room of of Islami Bank Tower. The Hajj Pilgrims can bear the permitted US Dollar and Saudi Rial with the Card. The Pilgrims can withdraw the Dollar and Saudi Rial form the ATM booths of Saudi Arab bearing VISA Log, informed in press release.
Earlier Islami Bank Bangladesh Limited and Hajj Agencies Association of Bangladesh (HAAB) signed a Memorandum of Understanding (MoU). In presence of Mohammad Abdul Mannan, Managing Director of the Bank, the agreement was signed by Mohd. Shamsul Haque, Deputy Managing Director of Isalmi Bank and Md. Ebrahim Bahar, President HAAB inked the agreement on behalf of their respective sides. A.K.M. Abdul Malek Chowdhury, Md. Mahbub-ul-Alam, Rafi Ahmed Begh, Nurul Islam Khalifa, Deputy Managing Directors of the Bank, Aftab Uddin Chowdhury, Vice President, Shaikh Abdullah, General Secretary and Mozammel Hossain Kamal of HAAB, top executives and officials of the Bank and HAAB were present on the occasion. The Bank facilitates through IBBL ATM and Online Services for HAAB Members without any charge.

News:Bangladesh Today/14-May-2014

Dhaka-Islami Bank Bangladesh Limited organized an orientation program at Mohammad Younus Auditorium of Islami Bank Tower on 12 May 2014 today on the occasion of joining of 140 newly recruited probationary officers in the Bank, reports in press release. Prof. Abu Nasser Muhammad Abduz Zaher, Chairman of the Bank was present in the program as chief guest. Presided over by Mohammad Abdul Mannan, Managing Director of the Bank, the function was addressed by Engr. Mustafa Anwar, Vice Chairman and Engr. Md. Eskandar Ali Khan, Chairman, Executive Committee of the Bank as special guests. Mohd. Shamsul Haq, Muhammad Abul Bashar, Md. Habibur Rahman Bhuiyan, FCA, AKM Abdul Malek Chowdhury, Md. Mahbub-ul-Alam, Rafi Ahmed Begh and Nurul Islam Khalifa along with other high executives of the Bank were present in the program.
Prof. Abu Nasser Muhammad Abduz Zaher as chief guest said, Islami Bank is engaged in wellbeing of people of the country since its inception. The Bank has been working in fulfilling the basic needs of the country along with providing healthcare service and expanding education. He said the Bank is playing pioneering role in developing agriculture, garment industries, steel and re-rolling, transportation, real estate, micro and macro industries in the country. The Bank is creating new entrepreneurs through diversified investment in priority sectors. IBBL has become the leading bank in the country by uninterrupted love of the people. He urged the newly appointed officials of the Bank to conduct the banking activities with professional knowledge, discipline and expertise.
Mohammad Abdul Mannan said, Islami Bank is working for upgrading the living standard of the people by practicing welfare policy. The Bank has turned into a model bank not only in the South Asia but also in the world for its transparency, accountability, good governance, corporate culture, financial inclusion, superior business policy, and nursing human values in banking practices. He said, Islami Bank remains safe amid the world economic recession.