HSBC has earned a profit before tax of $12.7 billion, an increase of $1.3 billion, or 11 percent from that in the first half of 2011.

The board of HSBC has declared a second interim dividend of $0.09 per ordinary share for the year 2012.

Profit attributable to ordinary shareholders was $8.2 billion, a decrease of $777 million or 9 percent compared to that in the first half of last year, said a press release.

The net interest income of the HSBC was $19.4 billion, $859 million, or 4 percent lower than that in the first half of 2011. Its net operating income before loan impairment charges and other credit risk provisions of $36.9 billion was $1.2 billion, or 3 percent higher than the first half of last year.

The total operating expenses of $21.2 billion also increased by $694 million, or 3 percent compared to that in the first half of last year. On an underlying basis, and expressed in terms of constant currency, operating expenses increased by 10 percent. HSBC’s cost efficiency ratio remained at 57.5 percent. Loan impairment charges and other credit risk provisions were $4.8 billion in the first half of 2012, $ 467 million lower than the first half of last year.

The Daily Sun/Bangladesh/ 31th July 2012

Alhaj Nasiruddin, Chairman of SIBL, hands over school uniform to a student of UREKA in Dhaka recently.

Social Islami Bank Limited, as a part of its corporate social responsibility, donated school uniform to the students of URECA - a school of under-privileged children.

Alhaj Nasiruddin, Chairman of the Board of Directors of the Bank handed over the uniform to Nuruzzaaman Feroz, the founder of UREKA, said a press release Monday.

The Daily Sun/Bangladesh/ 31th July 2012

Mohammed Nurul Amin, Managing Director and CEO of NCC Bank, speaks at a workshop on loan classification at the Bank's training centre in Dhaka.

NCC Bank Limited recently organised a two-day long workshop on "Loan Classification, Provisioning and Rescheduling" for its branch managers in Dhaka.

Mohammed Nurul Amin, Managing Director and CEO of the Bank, formally inaugurated the workshop as the chief guest, said a press release.

The Daily Sun/Bangladesh/ 31th July 2012

Ragib Ali, Vice Chairman of Southeast Bank, inaugurates the newly located branch at Madina Market at Pathantula, Zalalabad Sunday.

Southeast Bank's Pathantula branch of Sylhet was shifted to Haque Mansion of Madina Market, at Pathantula, Zalalabad.

Vice Chairman of the Bank Ragib Ali inaugurated the newly located branch at a function Sunday.

Abdul Hye, director of the Bank and the representative of Karnafuli Tea Co Ltd and Bimolendu Dey, sponsor shareholder were also present at the function.

In the inaugural ceremony, Deputy Managing Director Mohammed Gofran, Senior Executive Vice President and Zonal Head of Sylhet Division Ziaus Shams Chowdhury, Vice President and Head of Pathantula branch Amjad Hussain, all head of branches of Sylhet Division, high government officials, industrialists, businessmen, customers, educationists and other bank officials were present.

The Daily Sun/Bangladesh/ 31th July 2012

Sheikh Mozaffar Hossain, Deputy General Manger of Bangladesh Bank has been promoted to General Manager Thursday.

Hossain obtained his BSS Honours, MSS degree in economics from University of Dhaka and started his banking career in 1988 as an Assistant Director of the central bank.

During his career in Bangladesh Bank, Hossain worked in various departments like Foreign Exchange Policy Depart-ment, Monetary Policy Department, BBTA, Department of Offsite Supervision and Depar-tment of Banking Inspection in various capacities.

The Daily Sun/Bangladesh/ 31th July 2012