Mohammad Abdul Mannan, Managing Director of IBBL, addresses a discussion at the Bank’s local office premises in the city recently.

Islami Bank Bangladesh Limited (IBBL) has organised a discussion meeting with the professionals of the country at its local office premises recently.

Mohammad Abdul Mannan, Managing Director of the Bank was present on the occasion as chief guest where Md. Nazibur Rahman, Executive Vice President and incumbent of local office of the Bank was in the chair, said a press release.

The function was addressed, among others, by AKM Munirul Alam Al-Mamun, Senior Vice President, Prof. Mohammad Ali of Bangladesh University of Engineering and Technology (BUET), Advocate Jasimuddin Sarker of Bangladesh Supreme Court, Dr. Golam Rahman Bhuiyan and Md. Abu Huraira, Director, Bangladesh Chamber of Commerce and Industry.

The Daily Sun/Bangladesh/ 12th April 2012

Sonali Bank Limited, one of the country's largest commercial bank, recently disbursed micro-credit worth Tk 4 million among 100 poor people at Rajoir Upazila in Madaripur.

Meshba-ul-Haque, Genaral Manager of Faridpur General Manager’s office presided over the function, said a press release.

Md Mainul Haque, Deputy Managing Director of the Bank handed over the loan documents under a project titled "Poverty Alleviation and Ideal Village".

The function was attended, among others, by Ronendro Nath Mondol, DGM of Micro-Credit Division of Sonali Bank at the Banks’ head office and Md Nazrul Islam, AGM of Madaripur principal office.

The loan receivers were urged to make best use of their loan amounts to bring changes to their lots, he added.

BSS adds: Meanwhile, the tri-monthly business assessment and IT Risk Management meeting of Sonali Bank Limited (SBL) was held on Tuesday at the conference room of Rangpur Community Medical College here.

General Manager of Rangpur Divisional General Managers’ Office of SBL Iqbal Hasan attended the meeting as the chief guest with Deputy General Manager (DGM) of its Rangpur Corporate Branch Shahidul Islam in the chair.

Assistant General Manager (AGM) of Nilphamari Region of the Bank Amarendra Nath Biswas was present as the societal guest.

Twenty eight Branch Managers from all 28 SBL branches under Rangpur Corporate Branch, Principal Office in Rangpur and Nilphamari Regional Offices took part in the meeting.

The Daily Sun/Bangladesh/ 12th April 2012

A official of Alliance Capital Asset Management Limited, speaks at the training session for the sales agents in the city yesterday.

Alliance Capital Asset Management Limited (ACAML), asset manager of MTB Unit Fund, held training sessions for the sales agents of the fund in the city yesterday.

MTB Unit Fund is an open-ended fund with an initial size of Tk 100 crore. Mutual Trust Bank Limited has provided Tk 20 crore as the sponsor of the fund. Bangladesh General Insurance Company Limited is the Trustee and BRAC Bank Limited is the Custodian of the fund.

As an open-ended fund, MTB Unit Fund will not be listed on the stock exchanges. Units of the fund, initial subscription of which starts from 15 April 2012, will be sold from 115 sales centres of 21 sales agents across the country.

These sales centres will make it easy for the investors to buy, sell or transfer their units without any hassle. MTB Unit fund is the first open-ended fund with certificates in dematerialised form and comes to the market at a time when the DSE P/E ratio is hovering around 14.

The sales agents were trained thoroughly about the product and also the sales and repurchase procedures as they will have to answer queries of the investors, accept applications, repurchase or transfer forms and deliver necessary papers or cheques to them.

The Daily Sun/Bangladesh/ 12th April 2012

Md. Nurun Newaz Salim, Chairman of NCC Bank Limited, presides over an AGM of the Bank at Bashundhara Convention Centre in the city recently.

National Credit and Commerce Bank Limited (NCCBL) has approved 10 percent cash and 17 percent stock dividends for its shareholders for the year 2011.

The approval came from the Bank’s 27th annual general meeting (AGM) held at the Bashundhara Convention Centre in the city recently, said a press release.

Md Nurun Newaz Salim, Chairman of the Bank, presided over the AGM while Mohammed Nurul Amin, Managing Director were present on the occasion.

Directors, sponsors and a large number of shareholders were also participated the annual general meeting.

The director’s report and audited accounts of the Bank for the year ended on December 31, 2011 was placed before the shareholders at the AGM.

In his speech, Md Nurun Newaz Salim expressed that deposits, advances, profits, foreign exchange business, recovery of bad loans and advances and other fields of activities have recorded significant improvement of NCC Bank during the year 2011.

The Daily Sun/Bangladesh/ 12th April 2012

The central bank will stop old and new notes exchange service from its counters from the next month.

Instead, the 8,000 branches of 47 scheduled banks in the country will provide with this service starting from May 2.

At the same time, the central bank has also closed down the services of exchanging torn notes, change of money and all other scheduled banking activities from its outlets.

A BB handout made the announcement on Tuesday, pointing out that it has taken the decision considering the security and needs of general people.

However, the central bank will strictly monitor the issue of supplying and exchanging notes and metallic coins by all branches of the commercial banks, the handout pointed out.

The decision will create more opportunities for the people in getting the services without coming up to Bangladesh Bank and reaching the banking services to the doorstep of people.

The handout said ensuring the security of BB is very important as it is one of the class one organisation under Key Point Installation (KPI).

The Daily Sun/Bangladesh/ 12th April 2012