The Extraordinary General Meeting (EGM) of City Bank was held at Cox’s Bazar recently.

Rubel Aziz, Chairman of the bank presided over the meeting, said a press release.

Deen Mohammad, Hossain Khaled, Mohammad Shoeb, Syeda Shaireen Aziz, Directors, Sohail R. K. Hussain, Managing Director and CEO and senior executives of the bank and a large number of shareholders attended the meeting.

The shareholders unanimously approved a Tk 300 crore proposal for issuing Tier-II subordinated debt (Bond) to meet capital requirement under Bassel-II, subject to the approval of the regulators.

News:Daily Sun/02-Dec-2013

Mercantile Bank Limited (MBL) signed an agreement with Grameenphone Limited recently.

Under the agreement, Mercantile Bank will provide Mobile Banking Services ‘MYCASH’ to its customers via Grameenphone’s MobiCash distribution network, said a press release on Sunday.

M. Ehsanul Haque, Managing Director and CEO of Mercantile Bank and Vivek Sood, Chief Executive Officer of Grameenphone signed the agreement on behalf of their respective organisations.

News:Daily Sun/02-Dec-2013

Badiur Rahman, Chairman, Al-Arafah Islami Bank, presides over a board meeting at the bank’s board room in Dhaka on Saturday.

The 250th meeting of the board of directors of Al-Arafah Islami Bank Limited was held at the bank’s board room in Dhaka on Saturday. 

Badiur Rahman, Chairman, Board of Directors of the bank presided over the meeting, said a press release. 

The meeting reviewed overall business performance of the bank.

Farman R Chowdhury Sunday joined Shahjalal Islami Bank Limited (SJIBL) as Managing Director (MD) and CEO.

Prior to his new assignment, he was Managing Director of ONE Bank Limited, said a press release.

After completing MBA from the IBA of the University of Dhaka, Farman started his banking career in October 1986 as a Management Trainee in American Express Bank.

Later, he joined ONE Bank Limited in July 1999 as first branch manager.

He has earned a vast experience in banking operation, especially in credit and marketing functions.

During his twenty-seven years banking career, he received trainings in banking and finance at home and abroad and attended at many seminars, workshops and symposiums relating to banking and finance.

Banks will be open throughout the country on Saturday to facilitate the nomination filing process for the upcoming national elections.

Bangladesh Bank General Manager AFM Asaduzzaman confirmed the news to the Dhaka Tribune Thursday evening. “A circular to this regard will be issued soon.”

News:Dhaka Tribune/30-Nov-2013