Banking

WB tops in aid disbursement to Bangladesh

Posted by BankInfo on Tue, Mar 18 2014 12:27 pm

The World Bank has provided the highest amount of foreign aid to Bangladesh since independence till the last 


fiscal year (2012-13) with an amount of over $ 13.1 billion out of the country’s all major bilateral and

multilateral development partners, reports UNB. The Washington-based lending agency has provided an

overall amount of $ 13,113.0 million to Bangladesh till the last fiscal year, according to the latest data of the ‘Flow of External Resources into Bangladesh 2012-13’ released by the Economic Relations Division (ERD).


Of the overall disbursed amount by the World Bank, $ 12,550.7 million are in the form of loans while $ 562.3 
million in the form of grants.


The flagship ERD publication showed that the Asian Development Bank provided the 2nd highest of $ 9,130.2 million followed by Japan $ 7,449.7 million.The United States came up with the 4th highest amount of foreign aid of $3,550.3 million followed by UN System 


$ 3,061.8 million, UK $ 2,298.0 million, Canada $ 2,138.6 million, Germany $ 1,788.1 million, EU $ 1,620.3 million, Netherlands $ 1,180.6 million and Unicef $ 1,038.3 million.


The other major notable development partners who have come up with assistance from 1971-72 fiscal year to 2012-13 fiscal year are Denmark $ 947.2 million, Saudi Arabia $ 904.7 million, Sweden $ 857.3 million,

Norway $ 712.5 million, France $ 581.0 million, IDB $ 579.1 million, India $ 453.4 million and Australia $ 437.3 million.


According to the latest ‘Flow of External Resources into Bangladesh’, the overall foreign aid disbursement

since the country’s independence till the last fiscal year totalled $ 59,311.657 million, including $ 24,661.358 million in grants while $ 34,650.229 million in loans, against the commitment of $ 81,049.174 million.


During the last 42 years from 1971-72 to 2012-13, the foreign aid commitment was much higher totaling $ 81,049.174 million, including $28,495.934 million in grants while $ 52,553.240 million as loans, the ERD publication showed.

News:The Independent/18-2014

JBF organises blood donation, free eye camp

Posted by BankInfo on Tue, Mar 18 2014 11:47 am

Kanutosh Majumder, Chairman of Jamuna Bank, is seen at a blood donation programme at Sreemongol in Moulvibazar recently.

 Jamuna Bank Foundation (JBF) organised a voluntary blood donation programme and free eye camp, gynae and general treatment at Sreemongol in Moulvibazar recently.

Kanutosh Majumder, Chairman of Jamuna Bank, inaugurated the ceremony as chief guest, said a press release.

Alhaj Nur Mohammed, Chairman of Jamuna Bank Foundation, presided over the function.

Mosharraf Hussain and Md Atiqur Rahman attended the function as special guests while Shafiqul Alam, Managing Director of Jamuna Bank was guest of honour.

News:Daily Sun/18-Mar-2014

MTB launches Mobile Banking services

Posted by BankInfo on Tue, Mar 18 2014 11:32 am

Rashed Ahmed Chowdhury, Chairman of Mutual Trust Bank Ltd, Mustafa Rafiqul Islam, Chairman and MD, Flora Telecom Ltd and Anis A. Khan, MD & CEO of MTB, jointly unveiled the “Bangla Cash” logo at MTB Centre at Gulshan in Dhaka on Saturday.

 Mutual Trust Bank Ltd. (MTB) launched “Bangla Cash”, the bank’s Mobile Financial Services (MFS) at the MTB Centre at Gulshan in Dhaka on Saturday.

Rashed Ahmed Chowdhury, Chairman of the bank unveiled the “Bangla Cash” logo as the chief guest. Mustafa Rafiqul Islam, Chairman and Managing Director, Flora Telecom Ltd and Anis A. Khan, MD and CEO of MTB were present, said a press release.

News:Daily Sun/18-2014

IFIC Bank signs m-banking deal with Channel-i

Posted by BankInfo on Tue, Mar 18 2014 11:20 am

 

 

Shah A Sarwar, Managing Director and CEO of IFIC Bank Limited, and Faridur Reza Sagar, Managing

 IFIC Bank Limited signed an agreement with Impress Telefilm Limited (Channel i) to provide IFIC mobile banking services to the leading media organisation. 

IFIC Bank is going to launch mobile banking services soon, said a press release.

Managing Director and CEO of the bank Shah A Sarwar signed the agreement with Managing Director of Impress Telefilm Limited (Channel-i) Faridur Reza Sagar at the Channel-i Head Office at Tejgaon Industrial Area in Dhaka recently. 

Under the agreement, IFIC Bank will facilitate the Impress Telefilm Limited in disbursement of their employees’ salary and other payments through IFIC Mobile banking services. 

Ashim Chowdhury, Head of Business Project Delivery, Mohammad Monirul Islam, Head Mobile Banking Division, Tasnuva Tarek, Head of Business of Mobile Banking Division and Mir Iqbal Hossain, Relationship Manager of Shantinagar Branch of IFIC Bank were also present.

 

 News:Daily Sun/18/Mar-2014


UCBL organises managers’ confce

Posted by BankInfo on Mon, Mar 17 2014 05:24 pm

Muhammed Ali, Managing Director of UCBL is seen at the managers’ conference of the bank for Dhaka zone in Dhaka on Saturday

 

 A managers’ conference of Dhaka zone of United Commercial Bank Limited (UCB) was held at the Learning and Development Centre auditorium of the bank on Saturday. 

The conference was presided over by Managing Director of UCBL Muhammed Ali, said a press release. 

Additional Managing Directors M. Shahidul Islam, Mirza Mahmud Rafiqur Rahman and AE Abdul Muhaimen were present at the conference. 

Deputy Managing Directors Mohammad Abu Abdullah, Md. Tariqul Azam and Mohammad Shawkat Jamil along with other senior officials of the bank were present.

News:Daily Sun/17-Mar-2014
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