Dhaka- BRAC Bank Limited has announced 10% cash and 10% stock dividend (bonus shares) for its shareholders for the year 2013, reports in a press release.
The announcement came at the Bank’s 15th Annual General Meeting (AGM) held at BRAC-CDM, Savar on Thursday, April 10, 2014.
Chaired by Sir Fazle Hasan Abed, Chairman of BRAC Bank Limited, the meeting was attended, among others, by the Directors Muhammad A. (Rumee) Ali, Shib Narayan Kairy, Tamara Hasan Abed, Dr. Hafiz G. A. Siddiqi, Zahida Ispahani, Managing Director & CEO Syed Mahbubur Rahman and Company Secretary Rais Uddin Ahmad.
The Chairman of the Bank informed the shareholders at the AGM that the bank earned Tk. 5,925 million operating profit and Tk. 1,246 million profit-after-tax during the year 2013.
Addressing the AGM, the Bank’s Chairman expressed his gratitude to the shareholders, stakeholders and management for their continuous support to the company. A large number of shareholders also attended the AGM.

Dhaka- A day long “SME seminar and loan distribution ceremony-2014″ organized by Pubali Bank Chittagong Principal Office was held at BGMEA auditorium in Chittagong, reports by the authority. Chairman of Chittagong Development Authority (CDA) Abdus Salam, President of Chittagong Chamber of Commerce and Industry Mahbubul Alam, Managing Director and CEO of Pubali Bank Ltd. Helal Ahmed Chowdhury, Additional Managing Director M. A. Halim Chowdhury, Deputy General Manager and SME Head of Bangladesh Bank, Chittagong K. M. Mustafizul Kabir were present as guests in the ceremony. Deputy Managing Director of Pubali Bank Safiul Alam Khan Chowdhury presided over the seminar.
General Manager, Credit Division of Pubali Bank Protik Karim, General Manager of Chittagong Region Syed Abdul Mazid, Regional Managers of Chittagong North and South Region and other Senior Executives of the bank were also present at the ceremony.
The seminar was organized to ensure the distribution of loan at simple rate to small and medium entrepreneurs. A gross amount of Tk. 88 lacs was distributed among 12(twelve) SME entrepreneurs at the ceremony.
Chairman of Chittagong Development Authority Abdus Salam and President of Chittagong Chamber of Commerce and Industry Mahbubul Alam praised about the process of the bank of giving loans at simple rate. They urged upon that no loan may turn into bad loan and emphasized to return back the loan in due time.
In his speech Managing Director of Pubali Bank Ltd. Helal Ahmed Chowdhury said, Chittagong industrial zone is playing an important role to boost up the economy of the country. He said, Pubali Bank was and will remain beside the industrialists of Chittagong zone. He urged upon all the executives to keep close vigilance so that newly disbursed loans may not become overdue or classified.

News:Bangladesh Today/20-Apr-2014

Bank Asia has arranged syndicated term loan of Tk 1.7 billion for Star Porcelain Pvt Ltd to help the company set up of a 100 per cent export-oriented high quality porcelain tableware products, which will be exported to Europe, Middle East, Far East, North and South America countries. An estimated cost for the project has been earmarked Tk 2,480.00 million. 
A signing ceremony for the syndicated finance was held at a local hotel in the capital recently, says a press release.
Md Mehmood Husain, president and managing director of Bank Asia, and Syed AK Anwaruzzaman, director of Star Porcelain Pvt Ltd, represented the programme. Banks and Financial Institutions participated in the deal are--Bank Asia Ltd, Jamuna Bank Ltd, Midland Bank Ltd, NRB Commercial Bank Ltd, NRB Bank Ltd, Social Islami Bank Ltd, Saudi-Bangladesh Industrial & Agricultural Investment Company Ltd. (SABINCO), Standard Bank Ltd, Trust Bank Ltd and Uttara Bank Ltd. The project of Star Porcelain Pvt. Ltd is located at Horitola, Madhabpur, Habigonj on 1,645.10 decimal of land. 
Mentionable that Bank Asia’s Syndication Finance Unit has been active in the Syndication market as Lead Arranger since 2000 and it has concluded 15 deals, raising more than Tk 10 billion from the market.

 A business review meeting for the executives of head office, managers and deputy managers of Dhaka-based branches of NCC Bank was held at NCC Bank Bhaban in Dhaka on Thursday.

Md. Nurun Newaz Salim, Chairman of the bank attended the conference as chief guest, said a press release.

Golam Hafiz Ahmed, acting Managing Director of the bank presided over the conference while Deputy Managing Director Akhtar Hamid Khan, Senior Executive Vice Presidents Md. Fazlur Rahman and AZM Saleh, other senior executives and managers and deputy managers of different branches attended the function.

During the meeting, bank’s performance has been evaluated and all concerned were urged upon to put their sincere efforts to continue its growth and enhance the image of the bank as well.

DUBAI: Qatar-based Doha Bank has entered into an agreement with HSBC Bank Oman to purchase the latter’s banking business in India. HSBC Bank Oman is an indirect 51% owned subsidiary of HSBC Holdings plc.

Chairman of Board of Directors of Doha Bank, Sheikh Fahad Bin Mohamed Bin Jabor Al Thani, said that all staff of this operation (the business) will be transferred to Doha bank as a part of the purchase.

“The business being acquired consists of its two branches and had gross assets of Rs 3.5 billion (about $58 million) as on 31.12.2013,” he said.

Sheikh Fahad Thani also said that the transaction is subject to the approvals of Regulatory Authorities in Qatar, India, Oman and Jersey. Doha Bank was incorporated in 1978 and commenced its banking business (including its International Banking services) in Doha, Qatar on March 15, 1979.