State Bank of India has become a sponsor of the forthcoming 3rd Indo-Bangla Trade Fair (IBTF-2012), to be held in Dhaka from May 31at the Pan Pacific Sonargaon Hotel, says a press release.

A memorandum of understanding to this effect was signed this moving at the SBI office in Dhaka between the bank and event management company of IBTF-2012 Triune Exhibition and Event Management Services

Ltd (TEEMS).

Pinak Chakraborty, country head in Bangladesh of State Bank of India, and Kazi Wahidul Alam, chief co-ordinator of IBTF-2012 and managing director and chief executive officer, TEEM signed the MOU.

Dewan Sultan Ahmed, chairman, Fair Sub Committee of IBCCI, Jahangir Bin Alam, secretary, IBCCI, Gian Parkash Khetarpal, chief executive officer, and Pranay Ranjan Dwivedi, head of risk management Unit of State Bank of India, were also present among others.

Organised by the India-Bangladesh Chamber of Commerce and Industry (IBCCI), the 3rd version of the Indo-Bangla trade fair is expected to be participated by a large number of entrepreneurs, service providers, and traders from both India and Bangladesh.

The Independent/ Bangladesh/ 14th May 2012

Md. Ahsan-uz Zaman, additional managing director of Mutual Trust Bank Limited, and Alhaj Jamal Uddin Ahmed, president, HAAB, sign an agreement in Dhaka on Sunday.

Mutual Trust Bank Limited (MTB) has inked a Memorandum of Understanding (MoU) with Hajj Agencies Association of Bangladesh (HAAB).

The signing was held at a simple ceremony at the Bank's corporate head office, MTB Centre, Gulshan 1, Dhaka, on Sunday.

Md. Ahsan-uz Zaman, additional managing director of MTB and Alhaj Jamal Uddin Ahmed, president, HAAB, signed the agreement.

Under the MoU, all HAAB members can use MTB's online banking facility at any branch of MTB to collect the subscriptions from Hajj Pilgrims.

In addition, they can withdraw the deposited money from Saudi Arabia for making payment of house rent and other approved costs through the Bank.

HAAB members will also enjoy MTB Card facilities. The collection process will continue till June 20, 2012.

The Daily Sun/Bangladesh/ 30th April 2012

Bangladesh Development Bank (BDB) is increasing its SME financing under the Bangladesh Bank’s Taka 600-crore refinancing fund for small and medium enterprises (SME).

BDB and the central bank today signed a participation agreement to this effect in the capital. BB’s general manager for SME and Special Programme Department Sukomal Singh Choud- hury and BDB managing director Dr M Zillur Rahman signed the agreement.

Under the agreement, BDB will share a portion of the fund from the central bank to provide easy loans to SME sector. The central bank earlier formed a Taka 600-crore fund to finance SME through banks and non-banking financial institutions (NBFIs). The BB also signed similar deals with 21 banks and 22 NBFIs. 

The Daily Sun/Bangladesh/ 27th April 2012

Islami Bank Bangladesh Limited has signed an agreement with LEADS Corporation Limited for establishing contact centre to provide IT-rich banking services.

Muhammad Abul Bashar, deputy managing director of the Bank and Sheikh Abdul Aziz, managing director of LEADS Corporation signed the agreement on Tuesday.

The contact centre will facilitate Bank’s clients with immediate services like account balance, account statement, fund transfer, utility bill payment and so on.

The Bank will also be able to keep internal communication through this centre which the Bank said will add a new dimension to its internal communication.

The Daily Sun/Bangladesh/ 26th April 2012

Institute of Training Innovative Management and Technology, Intimate, singed a memorandum of understanding (MoU) with Acasia Global Consulting, Kolkata, India at a Hotel in Gulshan, Dhaka recently to establish a strategic partnership for jointly providing advanced management training and consulting services in the fields of banking and corporate finance in Bangladesh, says a press release.

The MoU signing ceremony was attended by a large number of distinguished guests including the Governor of the Bangladesh Bank Dr Atiur Rahman.

Intimate also organised four-day training programmes on subjects relating to risk management and Basel II in cooperation with its Strategic Partners, Acasia Global Consulting, Kolkata, India for Mutual Trust Bank Ltd and Bangladesh Commerce Bank Ltd.

The senior level managers of both the banks participated in the programmes which were conducted by Prof.
Arup Choudhury of Acasia in an interactive manner and with case-studies. All the programmes were successfully concluded with the distribution of certificate of appreciation among the participants.

The Independent/Bangladesh/ 19th April 2012