Mamur Ahmed, Head of Remittance and Payroll, BRAC Bank, and AKM Sazzadul Karim, Director and Chief Operating Officer of Palmal Group, exchange documents after signing an agreement in Dhaka recently.

Brac Bank Limited signed a payroll agreement with Palmalb Group of Industries recently.
Under the deal,

BRAC Bank will provide payroll related services including salary disbursement,

loan facility and credit card facility to Palmal Group employees, said a press release Tuesday.

Mamur Ahmed, Head of Remittance and Payroll, BRAC Bank, and AKM Sazzadul Karim, Director and Chief Operating Officer of Palmal Group of Industries,

signed the agreement on behalf of their respective organisations.

Md. Saiful Islam, Manager of MTB Brahmanbaria Branch, hands over a cheque to Nur Mohammad Majumder, Deputy Commissioner, Brahmanbaria, for repairing the damaged houses caused by recent tornado in Brahmanbaria.

Mutual Trust Bank Limited donated house building materials for repairing the damaged houses of the tornado-hit people in Brahmanbaria.

Md. Saiful Islam, Manager of MTB Brahmanbaria Branch handed over a cheque and house-building materials to Nur Mohammad Majumder, Deputy Commissioner of Brahmanbaria, said a press release Tuesday.

Md. Moniruzzaman, Superintendent of Police, Md. Jahidul Islam, Assistant Superintendent of Police and Md. Helal Uddin, Mayor of Brahmanbaria Pourashava were present at the function.

The boards of Brac Bank and Argon Denims have offered dividends for the shareholders for the year ended on December 31, 2012.

The board of directors of Brac Bank has recommended 15 percent stock dividend for the year.

The company has reported earning per share (EPS) of Tk 1.74, net asset value (NAV) per share of Tk 28.60.

The company will hold an annual general meeting (AGM) on May 9, 2013 while the record date for the announced dividend has been set on April 7, 2013.

The board of directors of Argon Denim has recommended 20 percent stock dividends for the year ended on December 31, 2012.

The company has reported EPS of Tk 4.77, NAV per share of Tk 58.26.

The company has decided to hold an AGM on April 23, 2013 at Greentech Resort and Convention Centre in Gazipur. The record date for the recommended dividends has been set on April 7, 2013.

M Ehsanul Haque, Managing Director and CEO of Mercantile Bank Limited, and Shahid Hossain, Managing Director of Southeast Bank Limited, exchange documents after signing an agreement in Dhaka recently. Senior officials of the banks are also seen.

Mercantile Bank Limited (MBL) and Southeast Bank Limited (SBL) signed an agreement on “Products and Network Sharing Arrangement” in Dhaka recently.

M Ehsanul Haque, Managing Director and CEO of Mercantile Bank Limited and Shahid Hossain, Managing Director of Southeast Bank Limited signed the agreement on behalf of their respective organisations, said a press release.

Mohammad Gofran, AMD of Southeast Bank Limited and MA Yousuf Khan, DMD of Mercantile Bank Limited and other high officials from both the banks were also present on the occasion.

Under this agreement, the banks will bi-laterally share each other’s products and branch networks for remittance disbursement and other services.

Bank Asia organised a day-long comprehensive training on “Prevention of Money Laundering and Terrorist Financing” for its 40 officers at Panthapath in Dhaka Saturday.

Aminul Islam, Deputy Managing Director of the bank inaugurated the programme as chief guest, said a press release Sunday.

Md. Murshid Al-Amin, Vice President and Head of Anti-Money Laundering Department and Sujit Kumer Sen, Assistant Vice President and Head of Training were also present.