New Product

Exim Bank launches two new products

Posted by BankInfo on Thu, Jan 02 2014 11:56 am

Export Import Bank Bangladesh Limited has launched two new deposit products, “Exim Ziadiah” and “Exim Ruhama.”

Dr. Mohammed Haider Ali Miah, Managing Director of the Bank officially launches these products as chief guest at a function at a function at the bank’s head office on Wednesday, said a press release.

Md. Fariduddin Ahmed, Adviser and DMD, M. Sirajul Islam, Sirajul Haque Miah, DMDs, Khondoker Rumy Ehsanul Haq and top executives of Exim Bank head office and corporate branch also attended the programme.

Dr. Mohammed Haider Ali Miah says, “EXIM Bank is a customer friendly bank and we always design our products according to the clients’ demand.”

News:Daily Sun/2-Jan-2014

EBL inks deal with MasterCard

Posted by BankInfo on Sat, Nov 16 2013 11:38 am

In an endeavor to offer customers maximum utility from card products and services, Eastern Bank Limited (EBL) announced its association with MasterCard, a global payment system solutions provider.

The EBL-MasterCard tie up was formally announced at a press conference at a hotel in Dhaka.

Ali Reza Iftekhar, Managing Director and CEO, EBL, Hassan O. Rashid, Deputy Managing Director, M. Nazeem A. Choudhury, Head of Business, Consumer Banking of EBL, Ari Sarker, Division President, South Asia, MasterCard, and Ron Garrow, Chief Human Resources Officer, MasterCard were present.

With the alliance, the bank’s customers will now be able to enjoy a wide range of electronic payment products and services both locally and globally.

Speaking on the occasion, Ari Sarker, division president, South Asia, MasterCard said, “We are pleased to partner with Eastern Bank, one of the premier private commercial banks in Bangladesh.”

“Given the huge potential the Bangladesh market holds, we look forward to working closely with Eastern Bank on innovative programs that will expand the payments offerings available to local cardholders and extend safe and convenient payment solutions to the unbanked in Bangladesh,” he added.

EBL during last few years introduced a range of new card products and services which has led to the creation and expansion of alternate payment channels in Bangladesh.

News:Daily Sun/15-Nov-2013

Islami Bank launches ‘Waqf cash deposit account’

Posted by BankInfo on Mon, Sep 30 2013 11:24 am

DHAKA, Sept 29: Islami Bank Bangladesh Ltd (IBBL) launched its latest product Cash Waqf on Sunday.

The said account provides a unique opportunity for making investment in different religious, educational and social services, says a press release. Earlier, Islami Bank Bangladesh Limited (IBBL) has introduced

“Mudaraba Waqf Cash Deposit Account” (MWCDA) with aim to assist the underprivileged people in society. Waqf, a perpetual endowment, by the well-off and the rich people of the society and the income generated from waqf may be spent for different benevolent purposes.

The objectives of this deposit is to assist mobilization of social savings by creating Cash Waqf with a view to commemorating alive or deceased parents, children.

The account is also to strengthen the integration of the family relationship of the well-off people and the rich, to increase social investment and to transform the social savings into capital,

to benefit the poor sections of the people out of the resources of the rich, to create awareness among the rich regarding their social responsibilities and to make a unique integration of social security and social peace. 

The Account can be opened in foreign currency. Any bonafide adult citizen of Bangladesh with sound mind may open this Account with any of IBBL with a title selected by the Waquif.

Two passport size photographs of the Waquif will be required to open this Account.

Bank will spend the fund in the following purposes and the Waquif will have the right to choose the purposes to be served either from the list or any other purposes permitted by the Shari'ah.

News:The Independent/30-Sep-2013

Islami Bank opens ‘Mudaraba Mohor Savings Account’

Posted by BankInfo on Wed, Sep 25 2013 11:03 am

Islami Bank Bangladesh Limited (IBBL) has introduced a deposit scheme titled ‘Mudaraba Mohor Savings Account’ in a bid to creating awareness among the Muslims for complying with the fundamental rights as per the guidance of Islamic Shariah.

The deposit scheme will also help establish woman’s rights in the society and assists them to be solvent financially, said a press release.

With this scheme, IBBL has come forward to stand beside the deprived women, said the bank release, adding the bank never hesitates to participate in any activity for the wellbeing of the society and the humanity. The bank has been working to build a kind and humanistic society with participation of all people.

Muslims from all segments in the society, especially professionals, businessmen, and expatriate Bangladeshis can open the Mohr account under this scheme.


News:Daily Sun Bangladesh/25-Sep-2013

ICT can turn hands of 120m into tools of prosperitySahara says while inaugurating Post e-Pay

Posted by BankInfo on Mon, Dec 17 2012 07:07 am

Post and Telecommunication Minister Advocate Shahara Khatun Sunday seen at inauguration of ‘Post e-Pay (Mobile Banking)’ at GPO headquarters, Gulistan in city Sunday.

Post and Telecommunications Minister Advocate Shahara Khatun Sunday said the hands of 120 million able citizens of the country could turn into the hands of prosperity through utilising the prospects of Information Communication Technology (ICT).

“Telecommunications industry has now become a thrust sector for foreign investment,” she said, adding, ‘The whole world has become a global village with the auspices of the ICT.’

The Minister was addressing while inaugurating a pilot project styled ‘Post e-Pay (Mobile Banking)’ jointly run by Postal Department and Bangla Phone at the GPO headquarters, Gulistan in city.

Sahara said the telecom business previously was confined with a particular segment of businessmen, but after assuming in power in 1996, the then Awami League government created opportunity for opening up the sector for all which have bring revolutionary changes over the years.

3G mobile technology, and availability of Laptops at cheap rates has enhanced tele-density from 29 percent to 67 percent and internet density from 9 percent to 20 percent during last 4 years which has ensured easy telecommunication, e-banking, mobile banking across the country, Shahara added.

Necessary steps will be taken shortly to reach the facilities of mobile banking up to the grassroots people, she mentioned.

Director General of Postal Department, Nayeb Delwar Hossain presided over the inaugural ceremony while Secretary, Ministry of Post and Telecommunication, Abu Bakar Siddik, Additional Secretary, Shawkat Ali, Additional Director General, Fazlur Rahman, Managing Director of Bangla Phone Md. Mobarak Ali also spoke on the occasion.

While addressing Nayeb Delwar Hossain said the Postal Department and Bangla Phone have jointly started this pilot programme on a joint revenue-sharing basis, initially which will be run in seven divisional cities. It will gradually be expanded across the country, he added.

Speakers said opening of Post e-Pay (Mobile Banking) will usher in a chapter in the arena of cloud based Electronic Platform who’s main services will be e-payment gateway, e-commerce platform, document management system and tracking and delivery of goods.

The services will distributed among the people through 10,000 outlets and 100,000 targeted agents across the country.

News: The Daily Sun/Bangladesh/17th-Dec-12

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