Banking
EBL workshop on operation risk
Speakers at the workshop on Operation Risk and Anti Money Laundering Act organised by Eastern Bank Ltd in Dhaka recently.
Eastern Bank Limited (EBL) organized a feedback session on "Operation Risk & Anti Money Laundering Act'' for their staffs at conference room of Metropolitan Chamber of Commerce & Industry, Dhaka recently.
A total of 69 Branch Anti Money Laundering Compliance Officers and Customer Service Managers-Operation of EBL participated in the workshop. M Mahfuzur Rahman, Executive Director, Bangladesh Bank was present as the chief guest.
The day long session was conducted by EBL Head of Operation Risk, Internal Control & Compliance Mohammad Musa and Head of Compliance and Legal Unit-ICCD Mohammad Shahjahan Ali.
Head of Internal Control & Compliance Mahbubul Alam Tayiab, Head of Human Resources Department Sirajul Islam, Head of Operation Risk, SD-ICCD Md. Abdul Awal, Head of Audit Md. Rezaul Islam of EBL were also present in the workshop.
Financial Express/Bangladesh/ 1st March 2012
BBL’s financial support for martyred army officers .
Islami Bank Bangladesh Limited (IBBL) shared responsibilities of financial support to four families of the martyred army officers in the Pilkhana carnage amounting Tk 40,000 per month for each family totaling Tk 1 crore 92 lakh for ten years.
Prime Minister Sheikh Hasina handed over cheque for Tk 19 lakh and 20 thousand of fourth year to the four army officers’ families on February 29 at the Gono Bhaban in the city, says a press release.
Prof Abu Nasser Muhammad Abduz Zaher, chairman, board of directors and Mohammad Abdul Mannan, managing director of IBBL were present on the occasion.
Abul Kalam Azad, press secretary of Prime Minister, chiefs of the three services and officials of Bangladesh Association of Banks (BAB) were also present on the occasion.
The Independent/Bangladesh/ 1st March 2012
Banks asked to go by ABB rules on deposit, lending rates
The central bank on Wednesday imposed restriction on commercial banks regarding changes in deposit and lending rates. It also asked all the scheduled banks to go by the directives to keep deposit rates within 12.5 percent and lending rate 15.50 percent respectively.
In a circular, Bangladesh Bank (BB) said from now on, scheduled banks could alter the rate of interest for lending and deposit for once a month.
Earlier, in a single month, banks could alter the rate of interest for multiple times on the basis of nature of investment and volume and period of deposit.
The ABB (Association of Bankers, Bangladesh) leaders in early February had reached consensus on interest rate for deposits at a maximum of 12.50 per cent and fixed the lending rate at a maximum of 15.50 per cent.
A BB investigation found that some banks have offered the interest rate for deposit more than the ABB decision and thus, realising the interest rate higher than the ABB rate. According to the circular, all schedule banks shall obey the ceiling on lending and deposit rates fixed by the ABB while banks shall have to send weekly statements on deposit to the central bank in a prescribed form, which is downloadable from BB website.
The statement must be signed by the chief executive officer of any bank concerned, the circular reads.
The Independent/Bangladesh/ 1st March 2012
Scrutiny of applications for new banks soon: BB
The technical committee on opening new private banks will soon start collecting information of the applicants to know their eligibility to run financial institutions, a Bangladesh Bank source said yesterday.
The source said the committee, which was formed to scrutinize the applications for opening new banks, has already completed primary examinations.
The technical committee would send applications to the central bank’s evaluation committee after examining in detail.
Then the evaluation committee will take final decision to allow opening banks, according to the source.
In October last year, the BB invited applications from private sector entrepreneurs for opening new banks.
The central bank received 37 applications by Novem-ber 30.
The Daily Sun/Bangladesh/ 1st March 2012
IFIC Bank to raise paid-up capital
IFIC Bank management has decided to increase the authorised capital of the Bank from existing Tk 5.35 billion to Tk 20 billion.
The board also has decided to amend clause VI of the Memorandum of Association and Clause V of the Articles of Association of the company subject to No Objection Certificate from the Bangladesh Bank.
The Daily Sun/Bangladesh/ 1st March 2012