DHAKA : With phenomenal increase in the loan disbursement, 

Probashi Kallyan Bank (PKB), a specialized bank for expatriates’ welfare, helped hundreds of people seeking livelihood in the oversees job market, reports BSS.The bank experienced sharp rise in its loan disbursement to the potential migrant workers since its establishment three years ago.According to the bank, its credit disbursement to the migrant workers rose phenomenally by 87 percent at the end of last year when it gave Taka 20.50 crore migration loans to 1950 people to help them get overseas jobs. The bank assisted 1140 people to migrate for employment in 2012 by giving them Taka 10.98 crore loans.At the same time, the bank also gave Taka 70 lakh loan to 30 people to rehabilitate them after returning home as retrenched workers.Under the migrant loan programme, the people got jobs in countries, including Malaysia, Saudi Arabia, Oman, Qatar, South Korea, Singapore, Bahrain, Jordan, United Arab Emirate, Italy and Mauritius.“The loan disbursement increased though the net migration was on decline as the bank gave special attention to help people migrate overseas for employment”, PKB managing director and chief executive officer C M Koyes Sami told BSS.He said the bank gave loan to all eligible applicants and the amount of loan disbursement would increase in the coming years.The managing director said the bank till March 2014 gave Taka 35 crore migration loan to 4,000 people.Established in April 20, 2011, the bank for the expatriates’ welfare provides collateral-free loan at only 9.0 percent rate of interest to the potential workers for going abroad.The amount of loan is Taka 84,000 for the workers going to the countries in Asia, Africa and Middle East. The people who want to go to Europe, America and other western countries can get Taka 1.10 lakh loan for migration.Koyes Sami said the bank had already taken various initiatives to help people get jobs in different countries. Among the initiatives are opening of branches in divisional headquarters and 27 districts where concentration of potential migrants is relatively higher.Three booths have also been opened at three international airports of the country besides opening of liaison offices in Malaysia, Saudi Arabia, Bahrain, United Arab Emirate and South Korea.Besides, he said the bank already contacted the workers importing countries to make an arrangement for more fund so more people can get loan under the credit scheme for migrants.

Dhaka-President of Islamic Development Bank (IDB) group Dr. Ahmad Mohamed Ali Al-Madani distributed sacrificial meat among one thousand two hundred destitute poor people at Dumni and Vatara Union, Dhaka as chief guest on Monday , reports in press rease. Dhaka District Administration in association with Islami Bank Bangladesh Limited organized the meat distribution program which was gifted by Royal Kingdom of Saudi Arabia for poor people. Prof. ANM Abduz Zaher, Chairman of IBBL, Sheikh Yousuf Harun, Deputy Commissioner, Dhaka District, Engr. Mustafa Anwar, Vice Chairman, AKM Abdul Malek Chowdhury, Deputy Managing Director, AHM Latif Uddin Chowdhury, Executive Vice President of Islami Bank Bangladesh Limited, , Shariful Islam Bhuiyan, Chairman, Dumni Union Parishad and Ataur Rahman, Chairman, Vatara Union Parishad along with High officials of IBBL and District administration were present on the occasion. Dr. Ahmad Mohamed Ali said that Islamic Development Bank has been working for developing the education, health and infrastructure of Bangladesh with a view to promoting the living standard its people.

Pubali Bank Limited has won “Certificate of Merit” award of ICMAB Best Corporate Award-2013 in the category of Private Commercial Bank (Traditional Operation) by the Institute of Cost and Management Accountants of Bangladesh (ICMAB) for transparency, accountability and establishing good governance, informed by the authority. Helal Ahmed Chowdhury, Managing Director & CEO of Pubali Bank Limited received the award on behalf of the bank from Abul Maal Abdul Muhith, Hon’ble Minister, Ministry of Finance at a function at Radisson Blu Water Garden in Dhaka recently.
The Managing Director of Pubali bank said that the bank maintained the maximum level of transparency, accountability and good governance during the period which helped it to get such an award. The Managing Director thanked all members of ICMAB Best Corporate Award Committee for selecting Pubali bank as one of the recipients of this prestigious award and shared this achievement with valued clients, shareholders, members of the Board and the employees of the bank.
President of ICMAB Mohammad Selim FCMA, Chairman of award evaluation committee Muzzaffar Ahmed FCMA, FCS and ICMAB Secretary Jamal Ahmed Choudhury were present at the award giving ceremony.

Airtel Bangladesh Limited, one of the leading mobile service providers of the country, recently signed an agreement with Bank Asia Limited to provide latter’s mobile banking services within Airtel network, says a press release. Bank Asia is soon going to launch its mobile banking service named “Hello” and Airtel customers will be able to enjoy the service by following a simple registration process.  Airtel is committed to bringing new features of mobile banking services and thereby ensuring better customer experience to enrich the lives of their customers.

Dhaka stocks declined sharply on Tuesday, third trading session in a row, as investors turned shaky apprehending further fall in the market following a Bangladesh Bank move against the banks which have increased their capital market investment beyond the allowable limit.
The key index of the Dhaka Stock Exchange, DSEX, declined to 4,567.04 points, shedding 1.24 per cent or 57.71 points on the day.
According to market operators, investors, who are on the profit-booking move this week, increased share sell-offs on the day following a media report that the central bank has fined some banks for increasing their capital market investment limit violating rules.
The investors were apprehending that the market might decline further if the banks, which had crossed capital market investment limit, reduced their investment sharply to comply with BB rules, they said.
Despite investors’ shakiness, share prices of most of the traded multinational companies increased due to their recent corporate declarations, the operators said.
Bata Shoe gained the most on the day as its share prices increased by 6.24 per cent, while four other multinational companies — Linde Bangladesh, Berger Paints Bangladesh, Marico Bangladesh and Renata — were on the top gainers’ chart.
Of the 289 shares and mutual funds traded on Tuesday, 64 advanced, 202 declined and 23 remained unchanged.
‘Quarterly declaration centric trading pattern called for larger correction in today’s [Tuesday] market,’ IDLC Investments said in its daily market commentary.
‘Besides, depressed earnings growth empowered with recent waning tone unleashed panic sale pressure, curving out 58 points from the prime index,’ it said.
‘Meanwhile, buyers retreated, creating a vacuum in demand side,’ said IDLC.
DS30, the blue-chip index of the bourse, fell by 1.16 per cent, or 19.73 points, to close at 1,668.91 points on the day.
The shariah index of the bourse, DSES, finished flat at 1,012.35 points, shedding 0.46 per cent or 4.69 points.
Turnover of the DSE declined further to Tk 387.58 crore on the day after it was Tk 435.86 crore in the previous trading session.
Grameenphone led the turnover chart as its shares worth Tk 19.86 crore changed hands on the day.
Meghna Petroleum, Bangladesh Submarine Cable Company, Lafarge Surma Cement, Heidelberg Cement, Square Pharmaceuticals, Renata, Olympic Industries, Bata Shoe and Padma Oil were among other turnover leaders.
Delta Spinners lost the most on the day losing 39.93 per cent.