Rajshahi Krishi Unnayan Bank (RAKUB) organised an orientation programme for its senior officials on a banking software namely Infinity Banking Solutions.

Infinity Tech International Limited in co-operation with ICT Department of RAKUB conducted the programme at Party Point Conference Hall in Rajshahi on Saturday, said a press release.

Md. Mofazzal Husain, Managing Director of RAKUB, spoke at the orientation course as chief guest.

 Jamuna Bank Limited (JBL) approved 15 percent stock dividend for its shareholders for the year ended on 31st December in 2013.

The approval came at the 13th Annual General Meeting (AGM) of the bank held at Ramna in Dhaka recently, said a press release received on Saturday.

Shaheen Mahmud, Chairman of Jamuna Bank, chaired the meeting. Al-Haj Nur Mohammed, Chairman of Jamuna Bank Foundation, Gazi Golam Murtoza, Chairman of Executive Committee, Md. Rafiqul Islam, Chairman of Audit Committee, Engr. Md. Atiqur Rahman, Md. Mahmudul Hoque, Alhaj Md. Rezaul Karim Ansari, Md. Belal Hossain and Md. Sirajul Islam Varosha, Directors, ASM Abdul Halim, Narayan Chandra Saha, Independent Directors, Shafiqul Alam, Managing Director, Malik Muntasir Reza, Company Secretary of the bank attended the meeting.

Chairman of the bank expressed the gratitude to the shareholders, stakeholders and management for their continuous support they extended over the years towards achieving impressive growth and also hoped that their support would continue in the future.

The directors’ report and audited financial statements incorporated in the annual report for the year 2013 was present before the shareholders at the AGM. A large number of shareholders attended the AGM. 

 National Bank Limited (NBL) opened the 7th branch of NBL Money Transfer at Seremban, Negeri Sembilan in Malaysia recently.

Parveen Haque Sikder, Director and Chairperson, Executive Committee, National Bank Limited, inaugurated the branch as chief guest, said a press release on Saturday.

AKM Shafiqur Rahman, Managing Director and CEO, Shamsul Huda Khan, Deputy Managing Director, Mir Mosharref Hossain, Vice President of National Bank Limited and Sk. Akhter Uddin Ahmed, Chief Executive Officer of NBL Money Transfer Sdn Bhd, Malaysia were present on the occasion.

A large number of Bangladeshi expatriates living in Malaysia were also present.

Golam Hafiz Ahmed has been promotted to Managing Director and CEO of NCC Bank Limited.

Prior to this appointment, he was Additional Managing Director and Acting Managing Director and CEO of the same bank, said a press release.

Ahmed obtained his Masters and BSS (Hons) in Economics from the Department of Economics of the Dhaka University. He started his banking career as a senior officer with Pubali Bank Limited in 1983 being recruitted by the Banker’s Recruitment Committee (BRC) of the Bangladesh Bank.

During his 31 years of banking career, he worked in NCC Bank Limited and other banks including Banque Indosuez and Dhaka Bank Ltd.

 The City Bank Ltd has partnered with American Express to launch the American Express B2B Expense Management Solution, a unique end-to-end solution, at its head office for reducing the cost of doing business.

The solution was launched at a function at Gulshan in Dhaka on Saturday, said a press release.

Rubel Aziz, Chairman, Sohail R K Hussain, Managing Director and CEO, Mashrur Arefin, Deputy Managing Director and CCO of The City Bank Ltd, and Pranav Barthwal, Vice President, Global Merchant Services and Partner Card Services, South Asia and Rupali Sharma, Director and Head Partner Card Services, South Asia of American Express attended at the launching ceremony.

Mudassir Murtaza Moin, Managing Director of Rahimafrooz Distribution Limited, Nayan Mukherjee, Finance Director, Reckitt Benckiser Bangladesh Limited were also present. Rahimafrooz Distribution Limited and Reckitt Benckiser Bangladesh Limited are the first two companies in the country to implement this solution with their distributors’ networks, said a press release.

The American Express B2B Expense Management Solution will reside on American Express’ Corporate Card Platform and will help streamline and simplify companies’ distribution payment chain from paper based to electronic based. Rubel Aziz said, “The American Express B2B Expense Management Solution will assist our customers benefit from adopting a global electronic payment solution that will give them better cash flow over time.”

Pranav Barthwal said, “This pioneering partnership with City Bank will result in unique customised B2B expense management solutions developed for the first time in Bangladesh using the American Express Corporate Card as a platform.”

Mudassir Murtaza Moin said, “The American Express B2B Expense Management Solution – which is a cashless transaction system for our distributors - simplifies the entire collection process, and will increase productivity, as our personnel will now be able to concentrate on our core business of selling and distribution.”