Kazi Akram Uddin Ahmed, President of FBCCI and Chairman of Standard Bank,

Standard Bank Limited opened its 79th branch at Banskhali in Chittagong Friday.

Kazi Akram Uddin Ahmed, President of FBCCI and Chairman of the bank, inaugurated the branch as chief guest, said a press release.

Alhaj Jafrul Islam Chowdhury, lawmaker and former state minister for forest and environment and Ashok Kumar Saha, Vice Chairman of the bank, attended the function as special guests.

Prof. Abu Nasser Muhammad Abduz Zaher, chairman of Islami Bank Bangladesh Ltd, presides over a board meeting of the bank at Islami Bank Tower in the capital Thursday.

The Board of Directors of Islami Bank Bangladesh Limited recommended 17 percent stock and 8 percent cash dividends for its shareholders for the year 2012 subject to approval from the bank’s 30th AGM.

It was decided at a meeting of the board of directors of the bank held at Islami Bank Tower in Dhaka on Thursday.

Prof Abu Nasser Md Abduz Zaher, Chairman of Board of Directors of the bank presided over the AGM.

Engr Mustafa Anwar, Vice Chairman and Representative of The Public Institutions for Social Security, Kuwait, Engr Md Eskander Ali Khan,

Chairman of Executive Committee and Representative of Al-Rajhi Co. for Industry & Trade, KSA, Prof Dr NRM Borhan Uddin, Chairman of Audit Committee, Md Abul Hossain,

Representative of Investment Corporation of Bangladesh, Adnan Midani, Outgoing Representative of Islamic Development Bank and Dr Areef Suleman, Representative of IDB, attended the meeting.

Prof. Dr Abul Barakat, chairman of Janata Bank, and Prof. Dr Anisuzzaman, Emeritus Professor of Dhaka University, hand over a crest to a freedom fighter, awarded by Janata Bank, during a function at DU Thursday.

Janata Bank Limited (JBL), a leading state-owned commercial bank, Thursday accorded a reception to the title-winning freedom fighters and their family members.

The bank has published a book containing the life sketches and detailed identification of 621 title holder freedom fighters out of total 676. The title holders are Birshreshtro, Bir Uttam, Bir Bikram and Bir Pratik.

Professor Emeritus Dr. Anisuzzaman attended the reception as chief guest while Professor Dr. Abul Barakat, Chairman JBL also President of Bangladesh Economic Association (BEA) was present as special guest.

The reception ceremony, presided over by SM Aminur Rahman, Managing Director and CEO of the bank.

The reception was held at the Nawab Nabab Ali Senate Bhaban of the Dhaka University.

The freedom fighters were given a crest and a book published by the bank.

News:Daily Sun Bangladesh/30-Mar-3013

The Authorised Dealers (AD) branches of all commercial banks will remain open today and on all Saturdays until further notice.

In a directive, Bangladesh Bank said the decision was taken to facilitate the export-import trade and commerce of the country.

The central bank has decided to keep open cash departments of its branch offices in Dhaka and other cities on Saturdays to provide liquidity supports to the commercial banks.

Bangladesh Bank issued circulars in this regard on last Wednesday and Thursday.

The move followed the demand of trade bodies including FBCCI to keep AD branches open on weekly holidays as export-import trades were being hampered by frequent calls of hartal.

During last four months, the Oppositions have enforced 15 dawn-to-dusk shutdowns to press home their various demands.

Finance Minister AMA Muhith inaugurates the 513th branch of Rupali Bank at Madina Market in Sylhet town Friday. M Farid Uddin, managing Director of the bank, Badar Uddin Ahmed Kamran, Sylhet City Mayor, Dr. Ahmad Al Kabir, chairman of Rupali Bank were also present on the occasion.

The state-owned Rupali Bank’s excess liquidity reached Tk 12 billion after fulfilling the regulatory directive on cash reserve requirement (CRR).

This liquidity status of the bank was revealed at a function organised by the bank management on the occasion of the launch of its 513th branch at Madina market in Sylhet city Friday.

Finance Minister AMA Muhith inaugurated the branch as chief guest.

Muhith said the previous BNP-led government took initiatives to ‘destroy’ this bank in the name of sale to the private sector. “But, we have taken over the bank and supported it to restore its capital base,” Muhith said.

Acting secretary for the banking division, Amalendu Mukherjy said Rupali Bank was a ‘dying baby’ when the present government took office. The secretary said now this bank is lending in the call-money market on regular basis as its capital base has become stronger as a result of improved management.

“The bank has been maintaining CRR above the regulatory requirement (6 percent out of 19 percent of total paid-up capital as Statutory Liquidity Ratio) and its excess liquidity reached Tk 12 billion,” he said. He said the bank’s loan recovery has been improved and as result its classified loan gradually lessened.

The bank’s board chairman Dr Ahmad Al kabir said that there is a huge deposit potential in the Sylhet region and the bank has targeted that. “We want to mobilize a big deposit for big investment here (Sylhet),” he told local business personalities attended the inaugural ceremony.

Rupali Bank’s managing director M Fariduddin greeted that the bank came to the strong position by the cooperation of clients and dedicated hard works of its employees.

Local legislator Safikur Rahman and Sylhet city Mayor Badar Uddin Ahmad Kamran were also present on the occasion.