Social Islamic Bank Limited (SIBL) marked the highest operating profit among the private commercial banks in the first six months of 2011, revealed a report at a press conference on Monday.

Mohammad Ali, managing director, SIBL, told the briefing that the bank has achieved point to point capital growth of 111.08 per cent, deposit growth of 62.37 per cent, investment growth of 55.68 per cent, import growth of 84.59 per cent, export growth of 80.52 per cent and remittance growth of 107.67 per cent. 

Ali said, “The current operating profit of the bank is 216.78 crore whose point to point growth is 84.95 per cent and capital adequacy ratio is 12.83 per cent.”Terming these growths a success story for the bank, he said SIBL is in a constant thrive for improving its banking service. “We are now trying to improve our service delivery and as a part of that we have launched a three month campaign titled ‘Journey towards Service Excellence’”, he said.“Recently, on our 16th anniversary we took ‘continuous perfection’ as our theme slogan”, he added.Ali informed the bank will soon incorporate its customer’s database under its core banking software through the mobile phone.“With this initiative, our customers can complete all sorts of banking activities including balance transfer, balance checking, availing the bill payment of various utility services at their end with the help of mobile phones”, he said.MD of SIBL said the bank is also in the process of giving the concept of social banking its true embodiment. “We have also started ‘SIBL young star account’”, he said.Kamal Uddin Ahmed, chairman of the board of directors of the SIBL, was present at the press conference. He told the briefing that to celebrate the 16th anniversary of the bank; SIBL is going to honour eight different persons in its anniversary program for their contributions towards the country.“A competent panel had selected these eight persons and they are National Professor Nurul Islam for medicine, Professor Abdullah Abu Sayed for education, M Azizul Haque for Islamic banking, Sheikh Siraj for journalism, Mahbub-uz-Zaman for creative business, Nilima Akhter Chowdhury for women entrepreneurship, Haripad Kapali for agriculture and Barrister Rafiq-ul-Haque for lifetime achievement”, he said.

Source: The Independent/ Bangladesh/ 23th Nov 2011

Ten officials of the Bangladesh Bank (BB) were given Employees Recognition Award for their outstanding performance in carrying out respective duties in 2009 and 2010.

BB governor Dr Atiur Rahman handed over one crest (a golden coin) and a certification of appraisal to each of the awardees at a simple function organised at the central bank headquarters on Tuesday, according to a press release.

The award recipients are joint directors Khandaker Murshed Millat of Banking Regulations and Policy Department, Md Zulkernain of the Foreign Currency Inspection and Vigilance Department, Md Rafikul Islam of Money Laundering Prevention Department, Md Osman Gani of Accounting and Budgeting Department and Hosne Ara Shikha of Infrastructure Promotion and Financing Facility Cell. 

Among assistant directors, the awardees are Md Kamal Hossain of Money Laundering Prevention Department, Munir Ahmed Chowdhury of Banking Inspection Department, Md Shahriar Siddiqui and Md Aminur Rahman Chowdhury of Department of Offsite Supervision and Md Nurul Alam of Financial Institute and Market Department.      

Speaking at the programme, Dr Atiur urged all the employees of the central bank to work for national interest in a professional manner with supreme integrity and dedication.“You (officials) can make a dynamic, efficient and resilient financial system in the country through your work,” Atiur said.He said the annual recognition awards of the central bank would build professionalism among officials and employees.Among others, BB deputy governors and executive directors were present.

Source: The Independent/ Bangladesh/ 23th Nov 2011

The seventh extra-ordinary general meeting (EGM) of the state-owned Rupali Bank Limited on Tuesday approved the change of the denomination of shares from existing Tk 100 to Tk 10 and the market lot of shares from existing 10 to 100.

The change has been made through amendment of clause V of the Memorandum of Association to comply with the directives of Securities and Exchange Commission (SEC), said a press release. 

The EGM was held at the Engineering Institution Auditorium in the city with Rupali Bank chairman Dr Ahmed Al Kabir in the chair. DirectorsProf. Mohammed Moinuddin, Md. Mahabubur Rahman Hiron, Abul Kalam Chowdhury, Sheikh Serajul Hoque, Farazi Quazi Murshed Hossain Kamal, Dr S M Mahfuzur Rahman, advocate Md. Abdus Salam, Amalendu Mukherjee, Md. Sayful Islam, Prof. Syed Ahsanul Alam were present. Managing director M Farid Uddin, deputy managing director Shaikh Ahmed and AKM Ashrafuddin Khan, general managers-- Kazi Md.

Neamat Ullah, Debasish Chakrabarty, Hosne Ara Begum, Wahiduzzaman Khandaker, Syed Abu Asad and Arifur Rahman were also present at the meeting.

Source: The Independent/ Bangladesh/ 23th Nov 2011

Dr. Atiur Rahman, Governor of Bangladesh Bank, is handing over a document on sanction advice to Sultana Rajia, Proprietress of Rajia Enterprise, a client of Cox’s Bazar branch of Southeast Bank Limited at “Bank-NASCIB SME Saikat Utsab – 2011”, in Cox’s Bazar recently.

Source: The Daily Sun/ Bangladesh/ 23th Nov 2011

Akhtar Hamid Khan, a professional banker, recently joined NCC Bank Limited as deputy managing director (DMD).

Prior to his new position, he was executive vice president (EVP) and head of Central Risk Management Unit of AB Bank Limited, said a press release.

Akhtar Hamid Khan was born in a respectable family of Patiya, Chittagong in the year 1954.

He completed his gradutation and masters degree from the Chittagong University in economics.

He started his banking career as probationary officer at Rupali Bank Limited in 1977 after being selected through the Bankers Recruitment Committee of Bangaldesh Bank.

He has a long experience in international and branch banking and he spent most of his career serving AB Bank Limited at different important capacities.

Source: The Daily Sun/ Bangladesh/ 23th Nov 2011