NCC Bank Limited an authorised partner of MoneyGram signed a Memorandum of Understanding (MoU) on Ticket Sales of ICC World Twenty20 Bangladesh with ‘Bigtree Entertainment Private Limited’ and ‘AttraBiT Technologies and Solutions Limited’ – ICC appointed ticketing agency – at the bank’s Head Office recently.

Mohammed Nurul Amin, Managing Director and CEO of NCC Bank Limited, Fakrul Islam Chowdhury, Executive Vice President of NCC Bank Limited, Juanid Shaikh, Asstt. General Manager of Bigtree Entertainment Private Limited and Ridwan Mustafiz, Chairman of AttraBiT signed the MoU on behalf of their respective organisations.

The ticket sales will start on November 17 this year. Tickets will be available in 44 selected MoneyGram booth of NCC Bank Limited. The ticketing system will host inventory on cloud and will have print on demand real time printing.

News:Daily Sun/15-Nov-2013

Al-Arafah Islami Bank Limited organized a three-day-long training course on “Induction Course on Islamic Banking” at the bank’s Training and Research Academy in Dhaka recently.

Md Habibur Rahman, Managing Director of the bank, inaugurated the course as chief guest, said a press release.

Md Zahid Hasan, Principal of AIBTRA, Senior Executive Officers, executive officers and officers of selected branches of the bank took part at the course.

News:Daily Sun/15-Nov-2013

In an endeavor to offer customers maximum utility from card products and services, Eastern Bank Limited (EBL) announced its association with MasterCard, a global payment system solutions provider.

The EBL-MasterCard tie up was formally announced at a press conference at a hotel in Dhaka.

Ali Reza Iftekhar, Managing Director and CEO, EBL, Hassan O. Rashid, Deputy Managing Director, M. Nazeem A. Choudhury, Head of Business, Consumer Banking of EBL, Ari Sarker, Division President, South Asia, MasterCard, and Ron Garrow, Chief Human Resources Officer, MasterCard were present.

With the alliance, the bank’s customers will now be able to enjoy a wide range of electronic payment products and services both locally and globally.

Speaking on the occasion, Ari Sarker, division president, South Asia, MasterCard said, “We are pleased to partner with Eastern Bank, one of the premier private commercial banks in Bangladesh.”

“Given the huge potential the Bangladesh market holds, we look forward to working closely with Eastern Bank on innovative programs that will expand the payments offerings available to local cardholders and extend safe and convenient payment solutions to the unbanked in Bangladesh,” he added.

EBL during last few years introduced a range of new card products and services which has led to the creation and expansion of alternate payment channels in Bangladesh.

News:Daily Sun/15-Nov-2013

Islami Bank Bangladesh Limited (IBBL) has been working relentlessly for eradication of poverty from the society, especially in the rural areas.

Since its inception, the bank has been playing an important role for the development of socio-economic condition of the people of the country and in creating new entrepreneurs.

Mohammad Abdul Mannan, Managing Director of the bank, made the remarks while inaugurating the 283rd branch of the bank at Golapganj in Sylhet on Thursday.

The bank played a pioneering role for the country’s industrialisation through investing in the power sector, Mannan added.

Professor Shafiqur Rahman Chowdhury of Shahjalal Science and Technology University, Prof. Dr. Mawlana Md. Abdus Samad, Member, Shariah Supervisory Committee and teacher of Islamic University Chittagong, Dhaka Campus, Md. Abdur Rahman Banarjee, Executive Vice President and Head of Sylhet Zone, Dr. M. Kamal Uddin Jasim, Senior Vice President and Head of Business Promotion and Marketing Division of the bank were present.

News:Daily Sun/15-Nov-2013

The formation of the bank would be like Grameen Bank in accordance with the draft proposal

The proposal to establish Palli Sanchay Bank is being placed before the cabinet today (Monday).

The formation of the bank would be like Grameen Bank in accordance with the draft proposal.

The Banking and Financial Institutions Division of the finance ministry and Bangladesh Bank have already given their consent to the Rural Development and Cooperatives Division proposal, official sources said.

The new bank would emerge from the government’s “One House, One Farm” project.

As per the draft law, the specialised bank would enjoy exemption from value-added and income taxes like Grameen Bank. The bank will be governed under the Banking Companies Act. However, Palli Sanchay Bank’s managing director would be appointed, by the board of directors, with prior permission of Bangladesh Bank.

The bank’s paid-up capital would be Tk2bn, 80% of which will be provided by the government through its “One House, One Farm” project and authorised capital will be Tk10bn.

The government will hold 51% of the bank’s ownership and the remaining 49% would go to the member cooperative societies of the “One House, One Farm” project.

However, the government will not take any dividend against its shares. The board of director of the proposed bank will be 15-member one while eight people to come from the administration and remaining members would come from association members. The tenure of directors will be maximum three years.

The MD will be appointed with prior approval of Bangladesh Bank by the board of directors and the age of the MD will be 65 years, according to the proposal. Assets, officials and staffs of One House, One Farm project will be absorbed in the proposed bank.

Earlier in July, the prime minister asked authorities establish a new specialised bank named Palli Sanchay Bank to avoid the misuse of deposits made by rural poor.

The Ministry of Finance took a decision to establish the bank at a meeting on August 1. 

News:Dhaka Tribune/11-Nov-2013