Bangladesh Bank (BB) Governor Dr Atiur Rahman has said the fates of the farmers should be changed first for attaining the country's sustainable development.

Terming the farmers a lifeline of the country's economy, Rahman called upon all for coming forward to ensure and preserve interests and rights of the farmers in building a developed Bangladesh.

He was addressing a farmers' gathering and loan distribution ceremony on Friday night, jointly arranged by National Bank and Manoharpur Integrated Crop Management (ICM) Club at Manoharpur High School ground here.

Chaired by Tauhidul Islam Tuhin, president of Manoharpur ICM Club, the occasion was addressed by farmers Fazlur Rahman and Gulshan Ara Begum and Gangachara Upazila Chairman Majibar Rahman Pramanik.

Illias Sikder, general manager of BB's Rangpur branch, and Bodiul Alam, National Bank's additional managing director, and Hasanur Rahman, deputy director of Rangpur DAE, also spoke.

The speakers put emphasis on providing adequate easy and soft-term farm loans and latest technologies to the farmers to raise farm output.

Later, the central bank chief distributed checks for agri-loans and cows among 10 member- farmers of Manoharpur ICM Club under the initiative of Rangpur branch of National Bank.

Source: Bss, Rangpur

Top executives of Islami Bank Bangladesh Ltd on Friday expressed hope that the bank will be a bank of 10 million customers by the end of this year.

These commitments were expressed in the ‘Business Development Conference’ of the bank held at a city hotel, said a press release.

The bank will take initiative to take their services to the doorsteps of the 150 million people of the country, the press release said.

Prof Abu Nasser Muhammad Abduz Zaher, Chairman, of the bank was present at the conference as the chief guest.

Presided over by Mohammad Abdul Mannan, managing director of the bank, the conference was addressed as special guests by Engr. Mustafa Anwar, vice chairman, Engr Md Eskander Ali Khan, chairman of the Executive Committee, Md Shahidul Islam, chairman of Audit Committee and Engr. Md Dawood Khan, director and Mohd. Shamsul Haque, deputy managing director of the bank.

Source: daily-sun, Bangladesh/9th Jan 2011

Dutch-Bangla Bank Ltd (DBBL) organised a day-long workshop on ‘reporting of foreign exchange transaction’ for the designated officers of the bank yesterday.

K S Tabrez, managing director of the bank, inaugurated the workshop at bank’s training centre at Dilkusha in the city, said a press release.

Officers and executives from different branches and head office participated in the workshop.

Resource persons from Bangladesh Bank were also invited to conduct various sessions in the workshop.

At the workshop, K S Tabrez stressed on the need for establishing a structured framework of ‘Reporting of Foreign Exchange Transaction’ in-line with regulatory guidelines on Core Risk Management in banking.

He also mentioned that the participants would be able to gather knowledge for making a correct and update reporting system related to foreign exchange transactions.

Md Abdus Satter Miah, general manager, Md Amin Ullah, joint director and Md Jafrul Haque, deputy director of Statistics Department of Bangladesh Bank, A K M Shah Alam, executive vice president and head of international division, A H M Zahurul Islam, executive vice president of Training Wing and Iqbal Amin, senior vice president and head of Human Resources Division of DBBL also spoke at the workshop.

Source: daily-sun, Bangladesh/9th Jan 2011

The IPO lottery of Mercantile Bank Ltd First Mutual Fund (MBL 1st Mutual Fund) will be held today (Sunday) at 11-00 am at city's Emmanuelle's Banquet Hall (Gulshan-1).

According to LR Global, the issue manager of the IPO, the mutual fund was over-subscribed by about 113 per cent.

Source: The Financial Express, Bangladesh/9th Jan 2011

In a country like Bangladesh a personal vehicle is very necessary. Though insufficient traffic system and lack of enough road cause enormous traffic jam in the city of Dhaka more often and now a days in Chittagong, the capital of business. Even in this condition a vehicle of your own can become very handy and can save you a lot of time and hessel on the road. As a result people are getting interested to buy their own vehicle for transportation now a days. It's not even difficult anymore.

Most of the banks in Bangladesh have come up with multiple schemed car loan facility. Amongst those DBBL, AB Bank, Mutual Trust Bank, HSBC, One Bank etc are very promising. Starting from Tk. 200000/- one can get a loan of Tk. 2000000/- with different interest scheme. To pay back the loan different bank has their own range of time. As there are so many banks providing various facilities to pay the loan back, competition is getting higher. This opportunity is considered as a huge opportunity to make a dream come true. 

In addition, HSBC has come up with a different auto loan. The loan is know as Motorbike Loan. No bank has introduced such loan yet. Motorbike Loan could be very famous due to current traffic condition in Dhaka. Not only this but also the loan comes up with a very low interest rate. Anyone who gets a salary of Tk. 15000/- per month will be eligible for the loan. This loan starts from Tk. 50000/- and extends upto Tk. 1000000/- which has different payment range. One can pay back the loan in 12 to 36 months. 

Vehicle description along with approximate amount of money could be a good starter for proposal. For detail you can visit BankInfoBD.com Auto Loan section.