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RAKUB approves new monthly savings schemeEnsuring transparency, accountability in banking stressed

Posted by BankInfo on Sun, May 27 2012 07:42 am

In order to increase its deposit figure along with liquidity, Rajshahi Krishi Unnayan Bank (RAKUB) has approved a new monthly savings scheme.

The approval was given in the 381st Meeting of the Board of Directors of the Bank held at its headquarters with Chairman Prof Dr Shah Nawaj Ali in the chair here today.

Managing Director of the Bank Pradip Qumar Dutta, Directors Abdul Mannan, Dr Rustam Ali Ahmed and Indu Bikash Mondal attended the meeting.

The meeting reviewed overall activities of the Bank and took some important decisions relating to its commercial and administrative matters.

It stressed the need for ensuring transparency and accountability side by side with farmer-friendly banking services for the sake of making the Bank more proactive.

In addition, the Bank should expedite its consumer services for increasing qualitative and quantitative credit flow to potential fields for boosting agricultural output.

General Manager (Operation) Habibur Rahman, General Manager (Audit, Accounts and Recovery) Nishit Qumar Saha and General Manager (Rajshahi division) Abdul Khaleque Khan and Council- Secretary Abu Bakar Siddiqui were also present.

The meeting discussed on how to make the Bank’s operational and commercial activities more dynamic through strengthening the credit support for both farm and non-farm prospective fields.

So, the pro-farmers banking in the specialized Bank must be ensured for cherished development of the region after the optimum use of its existing natural resources.

The meeting emphasised on intensifying the Bank’s activities.

They also discussed to supplement the government’s effort to expand social safety net and ensure poverty reduction and food security.

The Daily Sun/ Bangladesh/ 27-May-2012

NCC Bank to launch accounts for children

Posted by BankInfo on Thu, May 17 2012 07:29 am

National Credit and Commerce Bank will introduce banking products for schoolchildren to encourage them to build a habit of saving.

“We believe the school is not only a place for academic lessons, but also a place where a student must learn how an individual can be a meaningfully contributing member of the society,” Mohammed Nurul Amin, managing director of the Bank, told reporters at his office yesterday.

Speaking at a press conference on the occasion of marking the Bank's 19th anniversary, Md Nurun Newaz Salim, the chairman of NCC Bank, and Amin presented the Bank's achievements and future plans.

The Bank will start the school savings programme in rural areas and later spread the service across the country.
The products under school banking are Youngster Account, Youngster Moneyplant Account and Younger Maximus Account.

NCC Bank's school banking programme will give the account holders an easy and interactive way to learn money management skills they will be able to use through their lives, Amin said.

Nowadays, young people have access to more money than ever before as they get allowances and gifts and, for many, income from showcasing their talents in different competitions, he said.

It makes the young generation more responsible for managing decisions -- for everything from small savings to their higher education. Youngster Moneyplant Account is designed for them.

Youngster Maximus Account gives a higher rate of return than a regular transactional account or traditional fixed deposit account.

The young students get cash gifts on different religious celebrations, New Year or Pahela Boishakh, birthdays and special family occasions. They can save unspent money in Maximus Account.

Salim said NCC Bank started its journey with 16 branches 19 years ago. Now it has 87 branches.

“Our corporate vision is to become the Bank of choice in serving the nation as a progressive and socially responsible financial institution by bringing credit and commerce together for profit and sustainable growth,” he said.

Remittance has been playing a vital role in the development of the country's economy and NCC Bank signed deals with 34 countries to bring in remittances from abroad.

The Bank plans to set up NCCB Exchange (UK) Ltd in London.

The Daily Star/ Bangladesh/ 17th May 2012

Prime Bank launches Platinum Card

Posted by BankInfo on Thu, Apr 26 2012 08:57 am

Prime Bank Limited has launched "Platinum Card" for providing exclusive healthcare services.

The Bank launched the card at a function at a city hotel, said a press release received here on Wednesday.

Bangladesh Bank Governor Dr. Atiur Rahman was present at the function as chief guest.

Md. Shirajul Islam Mollah, Chairman, Tanjil Chowdhury, Vice Chairman of Executive Committee, Md. Ehsan Khasru, Managing Director and M Reazul Karim, Additional Managing Director of the Bank, among others, attended the function.

Dr. Atiur Rahman said Prime Bank enjoys strong confidence among investors, both at individual and institutional levels.

The Daily Sun/Bangladesh/ 26th April 2012

Al-Arafah Bank launches 'Fast Cash' debit card

Posted by BankInfo on Mon, Apr 23 2012 06:31 am

Al-Arafah Islami Bank Ltd recently launched its 'Fast Cash' debit card for its clients.

Badiur Rahman, Chairman of the Bank, inaugurated the operation of new debit card at a function as Chief Guest, said a press release.

Directors of the Bank Alhajj Md. Harun-Ar rashid Khan, Alhajj Abdul Malek Mollah, Alhajj Mohammad Haroon and Managing Director Ekramul Hoque were present on the occasion.

Deputy Managing Director Md Rafiqul Islam, Head of Depart-ments Khondoker Nayeemul Kabir, Md. Mofazzal Hossain and Kazi Towhidul Alam were also present.

From now, customers of the bank will be able to draw money from ATM booths 24x7 using 'Fast Cash' debit card.

News: Daily Sun/ Bangladesh/ 23-April-2012

Prime Cash for un-banked people launched

Posted by BankInfo on Tue, Apr 17 2012 07:59 am

Prime Bank is going to launch Platinum Card and biometric smart card "Prime Cash" this month to bring the unbanked people of urban and rural areas of the country under inclusive banking.

"We are also going to start Phone Banking this year and will open 12 new branches across the country."

Managing Director of Prime Bank Limited Md. Ehsan Khasru said this while addressing a press conference organised on the eve of 17th anniversary of the Bank at a city hotel. Additional Managing Director M. Reazul Karim, Deputy Managing Directors Muhammad Yasin Ali, Kanti Kumar Saha and Md. Tabarak Hossain Bhuiyan and other senior officials of the Bank were present at the press conference.

Md. Ehsan Khasru spoke about the Bank's successes, current activities and future plans on the eve of celebrating 17th anniversary of the Bank. He shed light on the Bank's business successes at home and abroad, achievements of awards like SAFA, ICAB, etc. as the Best Bank. Besides, the Bank achieved the credit rating by CRISL to ST-1 in the short term and AA+ in the long term.

He said, Prime Bank has taken a number of steps to increase the remittance flow and various SME loans to make the national economy stronger. To ensure a wide and maximum use of information technology Prime Bank introduced Internet and Mobile Banking this year. Besides, the Bank launched school banking "My First Account" for the school going students.

The Daily Sun/Bangladesh/ 17th April 2012

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