Dhaka : Islami Bank Bangladesh Limited opened its 311th ATM booth at Natun Bazar in Mymensingh town, reports UNB.

Abdul Hamid, General Manager of Bangladesh Bank and head of Mymensingh zonal office attened the programe as chief guest on Thursday, said a press release.

Presided over by Motiar Rahman, Senior Vice President and Head of IBBL Mymensingh Zone, the function was

addressed by Bashir Ahmmed, Vice President and Head of Mymensingh branch and Farid Uddin, Secretary, Mymensingh Bankers Club addressed the program.

Al-Arafah Islami Bank Ltd. has recommended 13.5% Stock Dividend for the year ended on 31st December 2013 subject to the approval of the Annual General Meeting (AGM), says a press release.

The decision was taken in the 254th meeting of the Board of Directors of the Bank, held in Dhaka on 27 February 2014. Mr. Badiur Rahman,

Chairman of the Board presided over the meeting. The meeting also decided that the 19th Annual General Meeting (AGM) of the Bank would be held on 30th March 2014.

Vice Chairman of the Board Alhajj S M Shameem Iqbal, Members Alhajj Md.

Harun-Ar-Rashid Khan, Alhajj Abdul Malek Mollah, Alhajj Hafez Md. Enayet Ullah, Alhajj Abdul Moktadir, Alhajj Ahamedul Haque, Alhajj Abdus Samad, Alhajj Kh. Engr.

Mesbah Uddin Ahmed, Alhajj Abdus Salam, Alhajj Niaz Ahmed,

Mr. Emadur Rahman, Doc. Md. Shafiul Haidar Chowdhury, Brig. Gen. (Retd.) M. A. Malek, Mr. Kazi Badruddin Ahmed,

Managing Director of the Bank Mr. Md. Habibur Rahman, Company Secretary and Deputy Managing Directors were present during the meeting.

The formal inauguration of Trust Bank Securities Limited (TBSL) was held on Thursday, 06 February 2014 at 10 am at its Head Office at 28, DCC North Kafrul, Dhaka Cantonment,

 Dhaka-1206. The Chairman of Trust Bank Securities Ltd. and Adjutant General of Bangladesh Army Major

General Ashraf Abdullah Yussuf, rcds, afwc, psc was present in the inaugural ceremony as the Chief Guest.

Abu Zafar Hedaytul Islam, Managing Director of Trust Bank Securities Ltd., Ishtiaque Ahmed Chowdhury,

Managing Director and Chief Executive Officer of Trust Bank Ltd. and Md. Rakibur Rahman, Former President

of Dhaka Stock Exchange Ltd. were present in that ceremony. Besides, higher Military, Civil and Local

Government Officials and several renowned personalities of the adjacent area and Senior Officials of Trust Bank Ltd. and Trust Bank Securities Ltd. were also present in that inaugural ceremony.

Business conference of Rupali Bank Limited (RBL) held at Dhaka North Divisional office recently, reprts in press release.

On the occasion Bank’s Managing Director M. Farid Uddin was the Chief gust. Deputy Managing Director Md. Khalilur Rahman Chowdhury, FCA General Manager and principal Nazrul Islam was the Special guest.

General Manager Abdul Mazid Shaikh presided over the program.

Rupali Bank Limited has been incorporated on 14 December 1986 under the Companies Act 1913 after taking over and acquiring as a going concern the undertaking and businesses of Rupali Bank with all of its assets,

liabilities, benefits, rights, powers, authorities, privileges, borrowings and obligations. Rupali Bank,

which initially emerged as a Nationalized Commercial Bank (NCB) under the Bangladesh Banks

(Nationalization) Order, 1972 (President’s Order No. 26 of 1972), has now become a state-owned commercial bank (SCB) through a vendor’s agreement dated 15 November 2007.

Bangladesh Bank (BB) has allowed the enterprises owned or operated by foreign companies, working in the country, for availing term loan facilities from local financial institutions.

Jagannath Chandra Ghosh, deputy general manager of Foreign Exchange Policy Department of the central

bank yesterday issued a circular to all the commercial banks and non-bank financial institutions in this regard.

The BB circular instructed that foreign owned and controlled companies engaged in manufacturing or services

output activities at least for the three years in Bangladesh can have access to term loans from the domestic market.

The equity of the foreign company will be considered as the pre requisition for availing the loan facilities from

the market. Meanwhile, the circular also directed financial institutions to follow the credit norms and prudential parameters including single borrower exposure limit, debt-equity ratio etc.