MTB Securities Ltd. (MTBSL) & MTB Capital Limited (MTBCL), two fully owned subsidiary companies of Mutual Trust Bank Ltd. (MTB) jointly held their Annual Business Conference 2012 recently at MTB Square in the city. Anis A. Khan Managing Director and CEO of MTB and Vice Chairman of both MTBSL & MTBCL was present on the occasion as the Chief Guest while Mr. Quamrul Islam Chowdhury, Deputy Managing Director of MTB and Director of MTBSL & MTBCL, presided over the day-long programme.

MTB Securities Ltd. (MTBSL) & MTB Capital Limited (MTBCL), two fully owned subsidiary companies of Mutual Trust Bank Ltd. (MTB) jointly held their Annual Business Conference 2012 recently at MTB Square in the city.

Anis A. Khan Managing Director and CEO of MTB and Vice Chairman of both MTBSL & MTBCL was present on the occasion as the Chief Guest while Mr. Quamrul Islam Chowdhury, Deputy Managing Director of MTB and Director of MTBSL & MTBCL, presided over the day-long programme. Meer Sajed-Ul- Basher, Group Chief Finance Officer of MTB and Director of MTBSL & MTBCL, Md. Nazrul Islam Mazumder, Chief Executive Officer of MTBSL, Khairul Bashar Abu Taher Mohammed, Chief Executive Officer of MTBCL, Chinmoy Das, Deputy Chief Executive Officer of MTBSL, Branch in-charge of all MTBSL Branches and senior officials of MTBCL were present at the annual business review and planning event.

The conference dwelt on the activities of both the companies over the past year and focused on future business plans.

Anis A. Khan, in his speech, thanked the management of MTBSL & MTBCL for being most compliant companies and asked them to strive hard and remain ever vigilant to protect the MTB image and reputation. He also requested them to prepare and cope with the emerging challenges in 2012 and continue to work hard for achieving sustainable growth. The CEOs of MTBSL & MTBCL gave multimedia presentations on the business and operational performance of their companies in 2011. They also presented their budget and action plans for this year. MTBSL branch heads highlighted their performance, problems and prospects.

MTBSL is one of the leading brokerage houses and has the largest branch network across the country. It was the 4th largest brokerage house in terms of trade volumes in December 2011 and is considered one of the most compliant securities trading companies by market regulators. MTBCL is a full-fledged merchant bank, recently set up and which provides issue management and portfolio management services, underwriting as well as other products and services.

Financial Express/Bangladesh/ 27th Feb 2012

Bangladesh Krishi Bank (BKB) distributed Tk 33.11 lakh as agriculture and business loan to 5, 857 persons in four upazilas of the district during the first seven months (till January) of the current fiscal. The four upazilas of the districts are Chuadanga Sadar, Alamdanga, Damurhuda and Jibannagar.

According to an officials source, the loan has been distributed for cultivation of IRRI-Boro paddy, Wheat, Sugarcane, Vegetables, Maize, Betel leaf, Mustard, Potato, Onion, Garlic and Chilly.

Besides, loan has been distributed for Cattle Breading, purchase of Tractors and cash capital to run different business to implement the poverty alleviation programme.

Bangladesh Krishi Bank has fixed the target to disburse Tk 74.75 lakh as agriculture and business loans in the district in the current fiscal.

The distribution of loans is going on in full swing throughout the district. Till January of this year, 44 per cent of loan distribution work against the target has been achieved through 11 branches of the Bank.

Meanwhile the Bank has realized Tk 21.21 lakh unrealized loans from 5,604 persons against the target of Tk 50.81 lakh of the Bank during the current fiscal from four upazilas of the district.

The realization of outstanding loans is also going on in a full swing throughout the district.

The Independent/Bangladesh/ 27th Feb 2012

The Islami Bank Bangladesh Limited (IBBL) has become a trend-setter in the country by introducing ‘Cash Waqf’ in the field of poverty alleviation and social welfare. IBBL officials said in Dhaka on Sunday, ‘Cash Waqf’ provides a unique opportunity for making investment in different religious, educational and social services.’

‘Mudaraba Waqf Cash Deposit Account’, through which savings are made from earnings for the purpose of Waqf by the well-off people of the society, can be mobilised and the income to be generated there from may be spent for different benevolent purposes.

Through the scheme, the IBBL has been able to contribute to popularisation of the role of Waqf in the country including Cash Waqf which will be instrumental in transferring savings of the rich to the deprived members of the public, in financing various religious, educational and social services in Bangladesh.

Cash Waqf can work as supplement to the financing of various social investment projects, officials said.  Waqf is to be done in perpetuity and the account shall be opened in the title to be decided by the Waquif. Officials said, deposits/cash will be received as endowment on Mudaraba principle.

Islami Bank will manage the Waqf Fund on behalf of the Waquif. Waquif will have the right/opportunities to create Cash Waqf at a time or he/she may start with a minimum deposit of Tk 10,000 only and the subsequent deposit shall also be made in thousand or in multiple of thousand taka. If necessary, foreign currency may be accepted on complying with relevant rules/formalities.

Cash Waqf will be accepted in specified Endowment Receipt Voucher and a certificate for the entire amount shall be issued as and when the declared amount is built up in full.

The Independent/Bangladesh/ 27th Feb 2012

Officials of the Dutch-Bangla Bank Limited is seen at a workshop on “Rationalised Input Templates for Banks” at the Bank’s training centre at Dilkusha in the city recently.

Dutch-Bangla Bank Limited (DBBL) has organised a workshop on “Rationalised Input Templates for Banks” for its officials.

KS Tabrez, managing director of the Bank, inaugurated the workshop at the Bank’s training centre at Dilkusha in the city recently, said a press release.

The main objective of the workshop was to familiarise the Bank officials with use of rationalised input templates for reporting of banking activities to Bangladesh Bank through the web portal.

The Daily Sun/Bangladesh/ 27th Feb 2012

General Md Abdul Mubeen, ndc, psc, chairman of Trust Bank Limited and Chief of Army Staff, inagurates a branch of the Bank at Teri Potti in Boro Bazar of Kishoreganj yesterday.

Trust Bank Limited has opened a new branch at Teri Potti, Boro Bazar, Kishoreganj on Sunday.

General Md Abdul Mubeen, ndc, psc, Chairman of Trust Bank Limited and Chief of Army Staff, inaugurated the branch as the chief guest, said a press release.

GOC and Area Commander of 19th Division, vice chairman and Adjutant General of Bangladesh Army, district commissioner of Kishoreganj, Zilla Porishad administrator, director of Trust Bank and high officials of the Bank and members of civil society were present.

The Daily Sun/Bangladesh/ 27th Feb 2012