AAM Zakaria, Managing Director, First Security Islami Bank Ltd, hands over a computer to a student at a function in Dhaka on Saturday.

First Security Islami Bank Limited (FSIBL) donated computers for the education of poor and disable meritorious students.

The donation was made during a seminar styled “Disable people deserve the equality in our society” and “Scholarships to the intellectually disabled poor students” at CIRDAP Auditorium in Dhaka on Saturday.

AAM Zakaria, Managing Director, First Security Islami Bank Ltd, handed over those computers to the beneficiaries.

Md Yousuf Ali Howlader, Chairman of board of directors of BCBL, seen at a workshop at the bank’s training institute in Dhaka recently.

Bangladesh Commerce Bank Limited (BCBL) organised a workshop on “SME financing and strategy” at the bank’s training institute in Dhaka recently.

Md Yousuf Ali Howlader, Chairman of the bank, inaugurated the course as chief guest, said a press release.

Dr. Muhammad Asaduzzaman, Managing Director of the bank, attended the function as special guest while Shamsuddin Ahmed, EVP (HRD), Principal of the Institute, M Abu Hena and Md Mobarak Hossain, AVP and Faculty member of the bank’s training institute, were also present on the occasion.

BRAC Bank Limited won prestigious ‘Best Bank in Bangladesh Award’ from FinanceAsia as part of Country Awards for Achievement 2013.

Syed Mahbubur Rahman, Managing Director and CEO of BRAC Bank, received the award from Denise Wee, Senior Bond Reporter of FinanceAsia, at the country awards gala dinner at Hotel Fort Canning in Singapore recently, said a press release.

BRAC Bank Ltd has won “Best Bank in Bangladesh Award” in the FinanceAsia’s Country Awards for Achievement 2013.

The bank’s managing director and CEO Syed Mahbubur Rahman received the award on behalf of the bank at Country Awards Gala Dinner at Hotel Fort Canning in Singapore recently, said a press release.

“BRAC Bank pioneered lending to small and medium-sized enterprises in Bangladesh, which represent the bulk of economic activity but go ignored by the bigger lenders. The bank has contributed to a more inclusive growth model for Bangladesh,” FinanceAsia cited in award note.

The bank’s CEO said: “This is an honour for all of us, all 8,000 people at BRAC Bank as we celebrate 12th anniversary this year. We consider this international recognition as impetus to reach new height.”

“We have set an example locally and globally in financial inclusion through SME Financing. While we continue to focus on SME Banking and maintain our leadership position, we will strive for excellence in other areas too,” he added. This accolade comes as the second international honour for BRAC Bank in 2013 after “Best Managed Bank Award” from The Asian Banker earlier this year.

Banks will be able to disburse no more than Tk 3 crore in share credit to any stock dealer as the central bank set the limit in line with a revised law.

The loans will only be allowed for A- and B-category shares, Bangladesh Bank said in a notice yesterday.
The credit amount may cover up to 70 percent of the last six months’

weighted average prices of A-category shares and 60 percent of B-category shares, but that must not cross Tk 3 crore in any case.
The previous limit was Tk 1 crore.

The Banking Companies (Amendment) Act 2013, gazetted on July 22, empowers the central bank to set the credit limit time to time.

However, the banks’ total exposure to the capital market would not cross 25 percent of their total regulatory capital.

The central bank in yesterday’s directive also said the banks which have over-exposure to capital market will have to reduce the exposure by July 21, 2016.

The banks will also have to regularly submit a central bank prescribed report on their investment exposure to the stockmarket within first 10 days of a month, the BB said.