Md Lutfar Rahman, Chairman, Executive Committee and Director of IFIC Bank, and Frank Brienz, President and Chief Sales Officer of Misys BankFusion, are seen at an agreement signing ceremony at Misys headquarters in London recently.

IFIC Bank, one of the fastest growing banks of the country, has selected Misys BankFusion as its core banking platform, to help the bank respond rapidly to changes in the market and to accelerate the bank’s already impressive recent growth.

An agreement to this effect was signed at Misys headquarters in London recently.

Md Lutfar Rahman, Chairman, Executive Committee and Director of the Board, and Md Shah Alam Sarwar, Managing Director and CEO of IFIC, Frank Brienz, President and Chief Sales Officer and Ms. Erin Smith, VP of Banking at Misys were present on the occasion, said a press release.

IFIC registered a growth of 26 percent in deposits in 2012 to Taka 92,433 million. The bank has 108 branches at home and abroad and its regional presence is rapidly increasing to add more branches like those in Pakistan and Nepal.

IFIC Bank has selected Misys BankFusion as its future technology platform for core banking system and BankFusion Teller to accelerate the bank’s network expansion and profitability. With BankFusion, the bank will be able to de-risk its business operations and further grow its corporate and retail banking operations.

Md Shah Alam Sarwar, MD and CEO of IFIC said, “IFIC’s growth strategy is based on the foundation of ensuring an excellent customer experience by providing quality and timely services.”

“The state-of-the-art technology in Misys BankFusion will allow us to launch new innovative products and services quickly and effectively to the market, keeping us at the forefront of retail banking”, he added.

“Misys BankFusion is the most technologically advanced and flexible core banking system available today and we are confident that it will support and accelerate IFIC’s growth.” IFIC Group recently acquired Nepal Bangladesh Bank, a Nepali commercial bank and plans to modernise its core banking infrastructure with Misys BankFusion. IFIC is among 70 banks who have adopted Misys BankFusion.

Erin Smith, VP of Banking at Misys said, “We are committed to providing cutting-edge solutions that deliver real business value to our customers. As financial markets are becoming more competitive, financial institutions need to ring new solutions to the market at a faster pace to outperform competitors. In selecting Misys BankFusion, IFIC is embracing technology to create a platform for future growth and improve the efficiency of its operations. We are delighted to be working with this visionary leader.”

An agreement to this effect was signed at Misys headquarters in London recently.

Md Lutfar Rahman, Chairman, Executive Committee and Director of the Board, and Md Shah Alam Sarwar, Managing Director and CEO of IFIC, Frank Brienz, President and Chief Sales Officer and Ms. Erin Smith, VP of Banking at Misys were present on the occasion, said a press release.

IFIC registered a growth of 26 percent in deposits in 2012 to Taka 92,433 million. The bank has 108 branches at home and abroad and its regional presence is rapidly increasing to add more branches like those in Pakistan and Nepal.

IFIC Bank has selected Misys BankFusion as its future technology platform for core banking system and BankFusion Teller to accelerate the bank’s network expansion and profitability. With BankFusion, the bank will be able to de-risk its business operations and further grow its corporate and retail banking operations.

Md Shah Alam Sarwar, MD and CEO of IFIC said, “IFIC’s growth strategy is based on the foundation of ensuring an excellent customer experience by providing quality and timely services.”

“The state-of-the-art technology in Misys BankFusion will allow us to launch new innovative products and services quickly and effectively to the market, keeping us at the forefront of retail banking”, he added.

“Misys BankFusion is the most technologically advanced and flexible core banking system available today and we are confident that it will support and accelerate IFIC’s growth.”

IFIC Group recently acquired Nepal Bangladesh Bank, a Nepali commercial bank and plans to modernise its core banking infrastructure with Misys BankFusion. IFIC is among 70 banks who have adopted Misys BankFusion.

Erin Smith, VP of Banking at Misys said, “We are committed to providing cutting-edge solutions that deliver real business value to our customers. As financial markets are becoming more competitive, financial

institutions need to ring new solutions to the market at a faster pace to outperform competitors. In selecting Misys BankFusion, IFIC is embracing technology to create a platform for future growth and improve the efficiency of its operations. We are delighted to be working with this visionary leader.”

DHAKA, SEPT 30:  Bangladesh Bank (BB) Governor Dr Atiur Rahman advised banks to open daycare centres so that their female employees can work without worrying about proper care of their children.

Inaugurating the expanded daycare centre at the central bank on Sunday, the governor said currently hundreds of women are working in the banking sector, but most of the banks do not have daycare centres though they have the capacity of establishing and running those.

  Dr Rahman said many women gave up their jobs only because they could not find any place like a daycare centre for looking after their children during duty hours. 

The central bank opened a daycare centre in 2006 with a capacity of taking care of 34 children. The expansion would accommodate an additional 30 children as well as offer more comfort and entertainment with new games, bigger television, and attractive wall-paintings besides various educational tools,

especially designed for children.

Abdus Samad, Chairman of Executive Committee of Al-Arafah Islami Bank Limited inaugurates 108th branch of the bank at Seven Star Shopping Complex at Lohagora in Chittagong on Monday.

Al-Arafah Islami Bank Limited opened its 108th branch at Seven Star Shopping Complex at Lohagora in Chittagong on Monday.

Chairman of Executive Committee of the bank Abdus Samad inaugurated the branch as chief guest, said a press release.

Managing Director of the bank Md. Habibur Rahman delivered welcome speech where MA Motaleb, Chairman, Banoful Group, Abdur Sukur, Director, Banoful Group, Didarul Alam Chowdhury, Principal, Chirbari MA Motaleb College spoke on the occasion.

NCC Bank organised a training course on ‘AML & CFT’ for its officers and executives from Dhaka branches.

NCC Bank Training Institute arranged the training course at the bank’s training institute in Dhaka recently, said a press release.

TM Faruque Chowdhury, Deputy Managing Director of the bank, inaugurated the workshop as chief guest.

Faruque emphasised on the importance of Anti-Money Laundering and CFT Prevention.

He advised the participants to follow the ‘AML Guideline’ very meticulously against every transaction of day-to-day banking.

Different branches of Islami Bank Bangladesh Limited observed ‘Tree Plantation Programme-2013’ across the country.

The bank undertook the initiative to distribute 6 lakh 50 thousand saplings of indigenous fruits variety of tree through its 208 RDS affiliated branches under its Rural Development Scheme during this rainy season.

As a part of this campaign, Noapara, Swandip, Bashkhali, Charfashion, Patuakhali, Sirajganj, Kahalu and Sherpur highway branch of the bank kicked off the plantation programme.

Noapara branch of the bank inaugurated Tree Plantation and Sapling distribution programme at Al Helal Islami Academy premises.

Presided over by Abdus Sobhan, Branch Manager, the function was attended by Avoynagar Upazila Nirbahi Officer and Executive Magistrate Sifat Mehnaz as chief guest.

Saplings of fruits, herbal and wooden trees were distributed among 4500 RDS members of the branch. Swandip Branch of the bank inaugurated ‘Tree Plantation and Sapling Distribution Programme’ at the branch premises.

Md. Anwar Hossain, Branch Manager, presided over the function attended by Md. Shah Alam, Upazial Agriculture Officer as chief guest.

Saplings of indigenous fruits variety were distributed among 150 RDS members of the Branch in the the program.

Bashkhali Branch of the bank inaugurated Tree Plantation and Sapling distribution program at Bashkhali High School premises. Md. Ferdous, the Branch Manager, presided over the function.