BB directs scheduled banks to use web portal
Bangladesh Bank (BB) directed the scheduled banks to submit their daily, weekly, monthly, quarterly and half-yearly statements by using Rationalized Input Temple (RTI) at web portal.
The central bank already completed the implementation works of Enterprise Data Warehouse (EDW) at the department of offsite supervision.
The circular, issued on Tuesday from the department of offsite supervision, said December 31, 2011, beginning day of sending the EDW related information or statements, should be considered as base date and therefore the submission must end by 31st of March this year.
It also directed the banks to collect the list of statements related to department of offsite supervision under EDW and connect soft copies of RIT within January 26, 2012.
After filling the RITs properly, it will have to be submitted regularly to BB through web portal but the system of submission through both the existing mode and web portal will simultaneously be running till June 30 this year.
The Daily Sun/Bangladesh/ 18th Jan 2012
EBL gets $20m loan from German financier
Philipp Kreutz, member of the management board of German Investment and Development Company (DEG); Herbert Baumgartner, director of DEG representative office in Bangkok; and Ali Reza Ifthekhar, managing director of Eastern Bank (EBL), ink a deal under which EBL will get a loan of $20 million, at the Westin Dhaka on Monday.
The German Investment and Development Company (DEG) has recently extended a long term loan of $20 million to Eastern Bank (EBL) through its offshore banking unit.
The liquidity created out of this USD loan will be utilised to finance small and medium enterprises (SMEs) and industries in export processing zones, EBL said in a statement yesterday.
Philipp Kreutz, member of the management board of DEG; Herbert Baumgartner, director of DEG representative office in Bangkok; and Ali Reza Ifthekhar, managing director of EBL, inked an agreement in this regard at a ceremony at the Westin Dhaka on Monday.
Supporting SME growth in the developing countries is one of DEG's strategic goals, and this facility to EBL will be a milestone to achieve the goal in Bangladesh, said Kreutz.
DEG finances investments of private companies in developing and transition countries.
The Daily Star/Bangladesh/ 18th Jan 2012
Inauguration ceremony
Md Nurun Newaz Salim, chairman of Launching ceremony
Sukamal Sinha Choudhury, general manager for SME and special programs department of Bangladesh Bank, attends the launch of a loan product for the light engineering sector by the City Bank in Bogra recently. Badrudduza Choudhury, head of SME banking of City Bank, was also present.
The Daily Star/Bangladesh/ 18th Jan 2012
