SHERPUR: Agriculture Minister Matia Chowdhury said the government has decided to establish “Palli Sanchay Bank” in the country for easy bank transaction of rural farmers.

“We would set up a ‘Palli Sanchay Bank’ (rural savings bank) for rural people as well as farmers so that they could save money by utilizing their small savings,” she said at a rally at Nalitabari upazila parisad here.

The minister distributed seed, fertilizer, cash, cheque and rice of general relief among farmers under the incentive package.

During the distribution, Deputy Commissioner M Zakir Hossain, Superintendent of Police Mehedul Karim, upazila Awami League president Abdul Halim Ukil and general secretary Moksedur Rahman Lebu were present among others.

Matia said, “Rural people are getting old aged allowance, widow allowance, disable allowance and other aid, so that they could save their money.”

She said the Palli Sanchay Bank is already approved and rural people will be able for transaction through the bank. —BSS

As a part of financial inclusion program, BASIC Bank Limited participated in School Banking Conference-2014 at Chittagong for building awareness among the school going children to develop their savings habit and introduce them with banking services, reports in press release. Governor of Bangladesh Bank, Mr. Dr. Atiur Rahman distributed the BASIC School Banking Gift Bags among the school going children at BASIC Bank’s Stall recently.

The General Manager of the Bank, Mr. Md. Mozammel Hossain along with Mr. Md. Abdul Gofur Talukder, AGM, Mr. Md. Bodrul Haque, AM and Mr. Nazmul, JO of Agrabad Branch were also present on that occasion.

BASIC Bank Limited (Bangladesh Small Industries and Commerce Bank Limited) registered under the Companies Act 1913 on the 2nd of August, 1988, started its operations from the 21st of January ,1989.

It is governed by the Banking Companies Act 1991. The Bank was established as the policy makers of the country felt the urgency for a bank in the private sector for financing small scale Industries (SSIs).

At the outset, the Bank started as a joint venture enterprise of the BCC Foundation with 70 percent shares and the Government of Bangladesh (GOB) with the remaining 30 percent shares. The BCC Foundation being nonfunctional following the closure of the BCCI, the Government of Bangladesh took over 100 percent ownership of the bank on 4th June 1992.

Thus the Bank is state-owned. However, the Bank is not nationalized; it operates like a private bank as before. BASIC Bank Limited is unique in its objectives.

It is a blend of development and commercial banks. The Memorandum and Articles of Association of the Bank stipulate that 50 percent of loanable funds shall be invested in small and cottage industries sector.

Bangladesh Commerce Bank Training Institute recently organized a Training workshop on “Prevention of Money Laundering & Combating Terrorist Financing”.CEO & Managing Director, Abu Sadek Md. Sohel inaugurated the course as Chief Guest. Among others as special guest M. Ebadat Hussain, EVP, Principal of the Institute M Abu Hena & Md. Mobarak Hossain, AVP and Faculty member were present on the occasion.

Become a bank of first choice by the customers with meaningful contributions to the society.

Bangladesh Commerce Bank Limited is committed to fulfill its customer’s needs and become their first choice in banking so that a sustainable growth, reasonable return and contribution to the socio-economic development of the country can be ensured with a motivated and professional work-force.

United Commercial Bank Limited organizes a grand customer get together named ‘Achievers’ night’ on 18 March 2014 at a local hotel in Dhaka. Chairman of UCB M A Hashem greeted all the valued clients for their trust and faith on UCB. Besides, Clients contributing in various fields were also honored by giving mementos in the event.
Moreover, honourable Managing Director of UCB Muhammed Ali said, UCB will extend its area of mutual cooperation in future through various schemes.

Among others honourable Vice-Chairman Sharif Zahir, honourable Chairman of Executive Committee Anisuzzaman Chowdhury, honourable Chairman of Audit Committee Lt. Gen. (Retd.) Abu Tayeb Muhammad Zahirul Alam, rcds, psc, honourable Chiarman of Risk Management Committee M. A. Sabur, honourable Directors namely Md. Jahangir Alam Khan, Md. Tanvir Khan, Asifuzzaman Chowdhury and Shabbir Ahmed along with various senior officials of UCB, valued clients and prominent business personalities of the country were present at the event.

United Commercial Bank Limited, the leading private commercial bank of the country has always been introducing banking practice in an innovative and client friendly way since its inception in 1983.

United Commercial Bank Limited (UCB) handed over a donation check of Taka 25,00,000/- (Taka Twenty Five Lac only) to ‘Proyash’, a school for especially abled Children operated by 9th Infantry Division, Savar Cantonment on 2 April 2014, by the authority reported.

Md. Jahangir Alam Khan, honourable director of UCB handed over the check to Begum Farzana Nigar, patron of Proyash Savar Area.

Among others honourable Director of UCB Md. Tanvir Khan, honourable Additional Managing Director of UCB Mirza Mahmud Rafiqur Rahman and Lieutenant General Chowdhury Hasan Sarwardy, Bir Bikram, ndc, psc along with other senior officials of UCB and various army personnel were also present at the hand over event.
United Commercial Bank Limited is the largest private commercial bank of the country. UCB is firmly devoted to all sorts of social causes and is actively practicing Corporate Social Responsibilities (CSR) as a core part of operation since its inception in 1983.