Dr. Mohammed Haider Ali Miah, Managing Director of Exim Bank Ltd, receives BIZZ Award-2013 from Engineer Deniel Javier, Director, Quality and CSR, World Confederation of Businesses at Exim Bank head office on Wednesday. AKM Nurul Fazal Bulbul, Secretary General of Exim Bank Foundation is also seen.

Exim Bank Limited received international “BIZZ Award-2013” from USA-based World Confederation of Businesses (WORLDCOB).

Dr. Mohammed Haider Ali Miah, Managing Director of the bank received the award on behalf of the bank from Engineer Deniel Javier, Director, Quality and CSR, World Confederation of Businesses at Exim Bank head office on Wednesday, said a press release.

AKM Nurul Fazal Bulbul, Secretary General of Exim Bank Foundation presided over the programme.
Exim Bank got this award for its managerial leadership, management systems, quality in services, social responsibility, managerial creativity and innovation.

Md Abdul Mannan MP, Sponsor and former director, Mohammed Omar Farooque Bhuiyan, Mohammed Shahidullah, Alhaj Nurul Amin, Members of the Board of Directors,

Abdullah Al Jahir Swapan, Sponsor and former director, Md. Fariduddin Ahmed, Adviser to the bank, M. Sirajul Islam, Sirajul Haque Miah and Khondoker Rumy Ehsanul Haq, Deputy Managing Directors of the bank also attend the programme.

Md. Hedayetullah, Chairman, Executive Committee, Mutual Trust Bank Ltd, hands over a Gift Cheque to Ms. Khadiza Iqbal Shila, a customer of the bank at the launching programme of MTB Gift Cheque at the bank's corporate head office at Gulshan on Tuesday.

Mutual Trust Bank Limited (MTBL) launched MTB Gift Cheque for its customers at a function at the bank's corporate head office at Gulshan on Tuesday.

Md. Hedayetullah, Chairman of the bank's Executive Committee, launched the gift cheque as the chief guest by handing over a cheque to Ms Khadiza Iqbal Shila, a customer of the bank, said a press release.

M.A Rouf, JP and Md. Abdul Malek, Directors, Dr. Sultan Hafeez Rahman, Independent Director, Anis A. Khan, Managing Director and CEO, Md. Ahsan-uz Zaman, Additional Managing Director, Quamrul Islam Chowdhury, Md. Hashem Chowdhury and Md. Zakir Hussain, Deputy Managing Directors, Kashif Rahman Siddiqui, Head of Retail and NRB Banking Division, other senior officials of the bank and customers were also present at the programme.

MTB gift cheque is available from any branch of the Bank for both account and non-account holders. Gift cheques are available in denominations of Taka 500 and can be encashed from any MTB branch.

Abu Sadek Md Sohel has joined Bangladesh Commerce Bank Limited (BCBL) as Managing Director (MD) and CEO.

Starting his banking career in 1977 as senior officer in Sonali Bank Limited, Sadek rendered services as general managers of Sonali Bank, Agrani Bank and Bangladesh Krishi Bank.

Later on, he was promoted to deputy managing director of Agrani Bank.

He joined Social Islami Bank Ltd (SIBL) in 2005 as deputy managing director and was thereafter promoted to the additional managing director of that bank.

The central bank and the Banking Division of the finance ministry yesterday opposed the idea of setting up the proposed Palli Sanchay Bank; they instead suggested establishing a microcredit financial institution.

An inter-ministerial meeting made the recommendation to the Rural Development and Cooperatives Division, who had sent the proposal to establish the specialised bank for the rural poor along the lines of Grameen Bank.
The Cooperatives Division had also prepared a draft Palli Sanchay Bank Act 2013.

At yesterday’s meeting, officials of both the central bank and the Banking Division said it is not possible to formulate a law in the present tenure of the current government due to a time constraint.

However, the Cooperatives Division was told that they can set up a financial institution under the Microcredit Regulatory Authority, said officials who were present at the meeting.

The meeting was also told that already there exist some banks of the same kind such as Ansar VDP Bank, Probashi Kalyan Bank, and Karmasangsthan Bank, but they have failed to serve the purposes.

“The proposed bank will remain out of the control of Bangladesh Bank but will perform several banking activities that may create indiscipline in the financial sector,” the BB had earlier written to the Banking Division.
The proposed bank will emerge from the government’s “One House, One Farm” project, just like Grameen Bank was born in 1983.
As per the draft law, the specialised bank will enjoy exemption from value-added and income taxes, like Grameen Bank.
The bank will not be governed under the Banking Companies Act, meaning it would remain mostly out of bounds of the central bank. However, Palli Sanchay Bank’s managing director would be appointed by its board of directors, with permission from the BB.

The bank’s paid-up capital will be Tk 600 crore, 80 percent of which will be provided by the government through its “One House, One Farm” project.

The government will hold 50 percent of the bank’s ownership and the rest would go to the member cooperative societies of the project. However, the government will not take any dividends against its shares.
The activities of the specialised bank, in many aspects, would also resemble those of Grameen Bank. Like Grameen, it will collect deposits and lend to its members.

But Palli Sanchay Bank will conduct some general banking activities, including various types of foreign exchange related transactions, opening letters of credit, online banking, and introducing debit and credit cards.
The bank’s board of directors will consist of 17 members and the secretary of the Cooperatives Division will be its ex-officio chairman.
Seven directors will be selected from the shareholders, with the government appointing one from the civil society. The other positions of the board will be filled up by government officials.

The “One House, One Farm” is a project under the Annual Development Programme, the first phase of which started in 1997. The second phase of the project started after the present government assumed power.

MA Sabur, Director of United Commercial Bank Limited, inaugurates the 134th branch of the bank at Kaligonj in Gazipur on Tuesday.

The 134th branch of United Commercial Bank Limited (UCBL) was opened at Kaligonj in Gazipur on Tuesday.

MA Sabur, Director, and Muhammed Ali, Managing Director of the bank were present at the opening ceremony as the chief and special guests respectively, said a press release.

Among others, Mirza Mahmud Rafiqur Rahman, Additional Managing Director and high officials of the bank were also present on the occasion.