Ragib Ali, Vice Chairman of Southeast Bank inaugurates the newly-shifted Laldighirpar branch at Mobarak Tower, New Market at Laldighirpar in Sylhet recently.

Laldighirpar Branch of Southeast Bank Limited was shifted to its own building at Mobarak Tower, New Market at Laldighirpar in Sylhet.

Ragib Ali, vice chairman of the bank inaugurated the newly-shifted branch recently, said a press release Monday.

Md. Akikur Rahman, Director and Syed Shahid Ali, sponsor shareholder of the bank were present.

Managing Director of the bank Shahid Hossain, Senior Executive Vice President and Head of Laldighirpar Branch Ziaus Shams Chowdhury, heads of all branches of Sylhet Division were present.

From now on, modern commercial banking services and credit facility shall be extended more efficiently to the customers from the branch.

Besides, the hard-earned money of the Bangladeshi expatriates working abroad shall be handed over speedily to their beneficiaries at a competitive exchange rate from the branch, bank officials said.

Ahsan Afzal, Deputy Managing Director of AB Bank, Alok Roy, Executive Director of TSDC and Ibrahim Lodi, Managing Director of PSREL, sign a MoU in Dhaka recently.

AB Bank Limited in collaboration with Target on the Socio Economic Development for Community (TSDC) and Pacific Solar and Renewable Energy Limited (PSREL) are going to install 25KW Solar Mini Grid at the village Sunchi in Tangail.

A Memorandum of Understanding (MoU) in this regard was signed among AB Bank Limited, TSDC and PSREL in Dhaka recently, said a press release.

As per the MoU, over 300 families of Sunchi village will get the opportunity to utilise solar power to meet their daily electricity needs.

The Solar Mini Grid project is being financed by AB Bank under the Refinance Scheme of Bangladesh Bank.

Ahsan Afzal, Deputy Managing Director of AB Bank, Alok Roy, Executive Director of TSDC and Ibrahim Lodi, Managing Director of PSREL, signed the MoU on behalf of their respective organisations.

Shamim Ahmed Chawdhury, Deputy Managing Director, Badrul Haque Khan, Deputy Managing Director and senior officials of AB Bank, TSDC and PSREL attended the signing ceremony.

Md Shafiqur Rahman, Managing Director of Social Islami Bank, presides over a meeting at the bank's Corporate Office in Dhaka recently.

Social Islami Bank Limited (SIBL) organised business review meeting for managers at the bank's Corporate Office in Dhaka recently.
Md Shafiqur Rahman, Managing Director of the bank, presided over the meeting, said a press release.
Md Mohashin Miah, DMD along with senior executives of the corporate office of the bank attended the meeting.

Mamun-Ur-Rashid

Mamun-Ur-Rashid has recently joined Premier Bank as deputy managing director. 
Prior to his joining, Mamun-Ur-Rashid served United Commercial Bank as deputy managing director, said a news release.  
He started his career with National Bank as a probationary officer in 1984 and later served NCC Bank, Prime Bank, the release added. 

Bangladesh Bank Governor Atiur Rahman speaks at a programme to inaugurate the operations of 'large-loan monitoring software' of the central bank, at the regulator's headquarters in Dhaka yesterday

The central bank has introduced a system for direct and close monitoring of big loans in the backdrop of various cases of embezzlement including that of the Hall-Mark Group.

Bangladesh Bank Governor Atiur Rahman yesterday inaugurated the operations of 'large-loan monitoring software' at the Bank's headquarters in Dhaka.

“In the existing system, it is not possible to get an idea about the nature, evolution and future of loans taken by a borrower, but under the new system almost all large borrowers will be kept under strict monitoring,” Rahman said at the function.

Banks will have to maintain a database of the large borrowers and make the data available online for the central bank.

The data to be submitted include the borrowers' debt-equity ratio, profitability, loan concentration in a sector, and the amount of non-funded facility converted to funded facility.

About 25-30 percent of the banks' total loans are in the hands of large borrowers, according to BB statistics.

Sonali Bank's Ruposhi Bangle Hotel branch gave Hall-Mark and five other companies a total of Tk 3,547 crore in loans and a large part of the loans was non-funded through bill purchase.

These loans created a big liquidity crisis in the entire banking system.

The BB has so far taken various steps to prevent the recurrence of such scams, and monitoring large loans using the new software is one of the steps.

The governor said the BB has taken multipronged programmes to bring strategic changes in its monitoring. He said the central bank has been monitoring the overall situation in the banking sector through various measures.

Rahman said the new system will allow the BB to know how the non-funded loans turn into funded loans, their continuous evolution and the amount.

Due to non-funded loans, the loan portfolios of the banks become risky and it is a major cause of increase in default loans.

The software will enable BB to forecast on any liquidity crisis and advise the banks to take corrective measures, Rahman said.