Duluma Ahmed, Director of Southeast Bank, inaugurates the 95th branch at Banasree in Dhaka recently.

Southeast Bank Limited opened the 95th branch at Banasree in Dhaka recently.

Duluma Ahmed, Director of the bank, formally inaugurated the branch as chief guest, said a press release.
Azim Uddin Ahmed, Director of the bank, attended the function as special guest.

Shahid Hossain, Managing Director, SM Mainuddin Chowdhury and AKM Nurul Alam, Deputy Managing Directors, Md Saiful Islam, Head of Banasree branch, MA Baten Chowdhury,

President and Nurul Kobir Niru, General Sectary of Banasree Kollyan Shomitee, businessmen, industrialists, customers, educationists and local elites were present on the occasion.

The branch will provide all modern commercial banking services to the customers of the area.

The Bangladesh Bank on Sunday increased the limit of foreign currency to $20,000 that any software and IT firms could remit abroad without the prior approval of the central bank in a year for bona fide business.

The central bank in a circular said that the limit of money that could be remitted for software and IT firms from their exporter’s retention quota accounts with authorised dealer banks had been increased to $20,000 from $10,000.

The authorised dealer banks on behalf of IT and software firms can remit the foreign currency to meet the firms’ ‘bona fide expenses’ such as the payment of international alliance and fees for software registration, domain registration and hosting, server maintenance, account verification and remittance test.

The central bank issued the circular amending another circular that was issued on September 2, 2010.
In the new circular, bank also increased the limit for the issuance of international card to a nominated official of a software and IT firm to $2,000 from the revised total limit of $ 20,000. The earlier limit for international cards was $1,000.

The central bank said that other conditions of the circular issued in 2010 for remittance abroad by IT and software firms would remain unchanged.

The 2010 circular said that the authorised dealer banks with which a software and IT firm has an account would ensure the services against which fees have been remitted are subsequently delivered.

It said that the Bangladesh Association of Software and Information Services would issue a letter of recommendation for a particular firm to a specific authorised dealer of the applicant’s choice.
The international cards will also be issued at the recommendation of BASIS.

Lt. Gen. Masud Uddin Chowdhury, High Commissioner of Bangladesh to Australia, inaugurates Exim Exchange (Australia) Pvt. Limited at Sydney in Australia recently. Dr. Mohammed Haider Ali Miah, Managing Director of Exim Bank is also seen.

Export-Import Bank of Bangladesh Limited recently opened its subsidiary Exim Exchange (Australia) Pvt. Limited in Sydney, Australia.

Lt. Gen. Masud Uddin Chowdhury, High Commissioner of Bangladesh to Australia was present as chief guest while Managing Director of Exim Bank Dr. Mohammed Haider Ali Miah presided over, said a press release.

Md. Fariduddin Ahmed, Adviser of Exim Bank, Canterbury City Mayor Brayan Robson, Professor of Sydney University Dr. Mohammed Hanif were present at the inaugural ceremony.

Lt Gen. Masud Uddin Chowdhury welcomed Exim Bank for initiating legal channel of remittance and emphasised on sending money through legal channel.

Dr. Md Haider Ali Miah, Managing Director of Exim Bank highlighted overall situation of the bank.

Muhammed Ali, Managing Director of United Commercial Bank Limited speaks at the managers' conference of Chittagong zone of UCBL at a hotel in Chittagong recently.

The managers' conference of Chittagong zone of United Commercial Bank Limited (UCBL) was held at a hotel in Chittagong recently.
The conference was presided over by Muhammed Ali, Managing Director of UCBL, said a press release Sunday.
M. Shahidul Islam and Mirza Mahmud Rafiqur Rahman, Additional Managing Directors with other senior officials and managers of Chittagong Division were also present.

Bank Asia has provided higher studies scholarship to 11 meritorious students of Tongi Upazila of Gazipur district as a part of its corporate social responsibility, says a press release.

 
Aminul Islam, deputy managing director of the bank handed over the scholarship money to the students at a function held at a local community center of Tongi on Friday.

Chairman of Gazipur Sadar Pourosabha SM Shan Shah Alam,

word counselors of Tongi Upozila, Rakhi Sarkar and Nazrul Islam and FVP and head of Tongi Branch of the Bank Ibne Md. Shamsuzzaman, were present. 

 
A large number of people including students, teachers, journalists, businessmen and local elite attended the function.