Banking

PBL organises workshop on green banking

Posted by BankInfo on Wed, Dec 26 2012 04:58 am

→ Business Desk

 

Prime Bank Limited (PBL) organised a day-long workshop on ‘Green Banking’ for its managers in Dhaka.

A total of 38 manager (operations) and officials of the bank took part at the workshop arranged by Prime Bank HR Training and Development Center recently, said a press release.

Kanti Kumar Saha, Deputy Managing Director and CBO, presided over the workshop while HR-TDC Md Fakhrul Islam, SVP and Manager of the bank, coordinated the workshop.

Khandaker Morshed Millat, DGM of Bangladesh Bank and Professor Dr Shah Md Ahsan Habib, Director of Training Department of BIBM, spoke on the occasion.

News:Daily Sun Bangladesh/26-Dec-2012

Rupali Bank opens branch at Chatkhil

Posted by BankInfo on Wed, Dec 26 2012 04:36 am

→ Business Desk

AHM Mustafa Kamal, MP, inaugurates the 506th branch of Raupali Bank Limited at Chatkhil in Noakhali Monday.

The state-owned Rupali Bank Limited has opened its 506th branch with online banking facilities at Chatkhil in Noakhali Monday.

AHM Mustafa Kamal, MP, was present as chief guest while Dr Ahmed Al Kabir, Chairman of Rupali Bank was present as special guest, said a press release.

Kazi Md Neyamat Ullah, Senior General Manager of the bank chaired the function. Nazmul Islam, general manger of Comilla division, Abu Md Sayedul Islam, business development specialist, AKM Shamsuddin Khwaja also attended.

Md Jahangir Alam, Personal Assistant to the Prime Minister was also present at the inaugural ceremony.

While speaking Dr Ahmed Al Kabir, Chairman of the bank said the BNP-Jamaat alliance government had tried to destroy the bank.

But the present government is trying to bring the bank’s image. In that view the government appointed efficient managing committee in the bank.

News:Daily Sun/Bangladesh/26-Dec-2012

BB asks banks to help cold-hit poor

Posted by BankInfo on Tue, Dec 25 2012 07:39 am

Bangladesh Bank on Monday asked all commercial banks and financial institutions (FIs) to stand beside the poor people who are worst sufferers in the cold spell.

The central bank issued a circular asking the banks and FIs to immediately distribute warm clothes and blankets to cold-hit destitute across the country as part of their corporate social responsibility (CSR).
The circular, which was sent to the chief executives of all the banks and FIs, said it was necessary to help the poor as a severe cold wave is sweeping the country.

The central bank circular also asked the banks to provide financial support for poor students as part of their CSR. 
BB governor Dr Atiur Rahman has urged the bankers to stand beside the cold stricken people, national news agency BSS says in a report.

 "Helping the cold affected poor people is a social responsibility of banks and financial institutions," Governor Dr Atiur Rahman said, adding that as these institutions do businesses with the money of the people, they must invest in social sector.

Atiur said cold spell is affecting life in different areas, including northern districts, southwestern region. People who are living in the areas surrounded by rivers, are worst suffers and banks and financial institutions should help these people, he added.

People of low-income group, especially farm workers, rickshaw pullers and those living under the open sky on roadsides or in makeshift houses have become the worst sufferers in the ongoing cold spell.

A mild cold spell with thick fog is affecting life life in different northern districts - Rajshahi, Natore, Pabna, Bogra, Dinajpur, Thakurgaon and Panchagarh - and southwestern region of the country over the last couple of days.

Meteorological Department saidtemperatures have dropped in Rajshahi division on Saturday after mild cold wave started drifting over Ishwardi, Jessore and Chuadanga.

The weather forecast for this month said one or two mild (ranging from 8 to 10 degrees Celsius) or moderate (6 to 8 degrees Celsius) cold waves will affect the country's north, north-eastern and central regions by the end of December.

Media reports say the people in the north are suffering cold-related maladies as the temperature keeps dropping every day.

The BB circular also ordered the banks to provide financial support for poor students as part of their corporate social responsibility.

News:The New Nation Bangladesh/25-Dec-2012

Banks asked to get prepared for NPSB at the earliest

Posted by BankInfo on Tue, Dec 25 2012 06:41 am

The Bangladesh Bank on Monday asked the scheduled banks to complete their preparations within the shortest possible time to be incorporated into the National Payment Switch Bangladesh.

To this end, the BB issued a circular addressing the managing directors and chief executive officers of all banks saying that it had been decided that all inter-bank domestic transactions originating from any delivery channel (ATM/POS/Kiosk/Mobile/Internet) would be routed through NPSB. 

The circular said the BB would complete the procedures to set up NPSB within a couple of weeks as it was a national priority project.

The NPSB will also include transactions of banks that do not have their own switch but are using Third Party Processors (Q-cash, Cash Link), the circular said. 

The banks are being advised to upgrade or customise their own or third-party switching software according to the BB specifications (Host to Host) within the shortest possible time, it said.

The circular said that the BB had already started implementation of NPSB with a view to creating a common platform for the cards (Debit/Credit/Prepaid) and internet and mobile-based payments in the country.

News:New Age Bangladesh/25-Dce-2012

BB report shows economy does well in 4yrs, hides biggest banking scam

Posted by BankInfo on Tue, Dec 25 2012 06:28 am

The Bangladesh Bank on Monday showed a rosy picture of the country’s economy during the last four years comparing with the period of 2002-2005 and in the process it did not mention anything about the biggest ever banking scam by Sonali Bank and Hallmark Group this year.

The central bank in a report circulated on the day said that the country’s economy was progressing well despite the global economic recession and the average GDP growth soared to 6.21 per cent in 2009-2012 compared with the 5.47 per cent growth in 2002-2005.

The BB report, however, avoided the economic data in the 2006-2009 period mainly to show comparison between the tenure of the government of the BNP-led alliance in 2002-2005 and the current tenure of Awami League-led alliance, said BB officials.

Bangladesh Bureau of Statistics data showed that the GDP growth rate had increased to 6.63 per cent in 2005-2006 before coming down to 6.19 per cent in 2006-2007. The GDP growth in 2010-2011 soared to 6.71 per cent but came down to 6.32 per cent in the last fiscal year.

The report showed that the average annual inward remittance grew to $11.29 billion in 2009-2012 from $3.20 billion in 2002-2005 while the foreign exchange reserve soared to $12.70 billion from $2.93 billion.

But, when the BB report compared the capital adequacy in the banking sector, it showed the adequacy increased to $56,201 crore in June 2012 from Tk 20,578 crore in June 2008. The data in 2002 was not mentioned in the report.

It also showed the classified loan in the banking sector came down to 7.17 per cent in June 2012 from 13.60 per cent in June 2005.

The BB report, however, did not mention the incidence of embezzlement of around Tk 4,000 crore by five companies including Sonali Bank this year.

The central bank has widely been criticised for its role and failure to stop the biggest ever banking scam in the country.
Besides, the report also avoided the central bank’s role in the biggest ever stock market crash in 2010-2012. 

The market bubbled in late 2010 because of huge purchase of shares by banks going beyond the legal limit.
The BB took no action against the banks.

The market crashed after the banks withdrew huge profits leaving thousands of small investors in losses.
Share investors in rowdy street demonstrations demanded resignation of the BB governor, Atiur Rahman, for the central bank’s role in the stock market bubble and burst.

The BB  report showed that the country’s average annual export earning soared to $19.75 billion in 2009-2012 from $7.08 billion in 2002-2005 while the average import payment increased to $28.94 billion from $10.56 billion.

It also showed an increase in agriculture loan, marginalised sharecroppers loan, opening of bank accounts for farmers and school students, expansion of bank branches and introduction of mobile banking.

It said that the global rating agencies Standard and Poor’s and Moody’s gave stable rating to the Bangladesh economy in 2010-2012.

News:New Age Bangladesh/25-Dec-2012
685 | 686 | 687 | 688 | 689 | 690 | 691 | 692 | 693