Bangladesh Bank governor Atiur Rahman will hold an emergency meeting on Sunday with chief executives of non-banking financial institutions.

”The meeting will discuss development of the bond market, apart from reviewing complete financial activities of the organisations,” general manager (governor secretariat) A F M Asaduzzaman told bdnews24.com on Saturday.

Besides these, Asaduzzaman said, the meeting will also shed light on fixing a minimum fixed deposit tenure and insurance coverage for deposits.

The meeting is set to start at 11am at the central bank’s conference room.

The Independent/Bangladesh/ 19th Feb 2012

Shahjalal Islami Bank Limited (SIBL) organised its 471st executive committee meeting at its head office in the city recently.

Alhaj Mohammad Hasan, Chairman of the EC of the Bank, presided over the meeting, said a press release.

Alhaj Anwer Hossain Khan, Chairman of the board of directors, Alhaj Sajjatuz Jumma, Alhaj Akkas Uddin Mollah, Alhaj Mohammed Solaiman, Alhaj Mohiuddin Ahmed, directors, Md Mukhter Hossain, Additional Ma-naging Director, Md Abdul Jabber Chowdhury, Deputy Managing Director of SIBL, among others, were present at the meeting.

The Daily Sun/Bangladesh/ 19th Feb 2012

WASHINGTON: The World Bank said on Friday it would select a new president to succeed Robert Zoellick by April 20, the start of the World Bank and IMF’s spring meetings in Washington.

But even as the huge development lender set out what it said would be “a merit-based and transparent process” to choose its 12th head from among candidates from around the world, it appeared all but certain to be filled by an American.

Zoellick announced Wednesday he would step down at the end of his five- year term on June 30.

The World Bank said nominations will be accepted through March 23; candidates can come from any of the Bank’s 187 member countries.

A shortlist of up to three candidates will be selected for interviews by the Bank’s executive directors, “with the expectation of selecting the new president by consensus by the Spring Meetings of 2012,” the Bank said in a statement.

The board “reconfirmed the importance of a merit-based and transparent process with all executive directors able to nominate and then consider all candidates.”

The Daily Sun/Bangladesh/ 19th Feb 2012

Karmasangstan Bank has organised a view exchange meeting with the high officials of the bank at a city hotel recently.

M Maniruzzaman Khandaker, Chairman, Board of Directors of the bank presided over the meeting, said a press release.

Among others, representatives of finance ministry, directors of Board of Directors of Karmasangstan Bank, chief executives of 13 banks and general managers of the bank attended the function.

The Daily Sun/Bangladesh/ 19th Feb 2012

Bank Asia has provided higher studies scholarship to 11 insolvent meritorious students of Lohagara Upazila of Chittagong district.

Md Mehmood Husain, President and Managing Director of the bsia, handed over the scholarship money to the students at a function held a auditorium on Saturday, said a press release.

Deputy Managing Director of the Bank Mohammed Roshangir, Executive Vice President and Zonal Head Swapan Dasgupta and Lohagara Upazila Chairman Ziaul Huq Babul, Vice Chairman Alhaj Shafiq Uddin were present.

A large number of people including students, teachers, journalists, businessmen and local elite attended the function.

The Daily Sun/Bangladesh/ 19th Feb 2012