Bangladesh Commerce Bank Ltd (BCBL) has inaugurated its 4th brokerage house at their Green Road branch in the capital recently.

A Q Siddiqui, chairman of board of directors of the bank, formally inaugurated the brokerage house, said a press release.

Managing Director of BCBL S A Chowdhury, Deputy Managing Director Dr Muhammad Asaduzza- man and Chief Executive officer of Subsidiary Company M A Motalib Chowdhury were also present on the occasion.

While addressing the function, A Q Siddiqui expressed his hope that the brokerage house would play significant role in share market by integrated efforts of expert employee and customer cooperation.

Source: Daily Sun

National Bank Ltd has launched its 142th branch in Panchagarh recently.

Nazibuddin Bhuiyan, deputy managing director of the bank formally inaugurated the branch, said a press release.

A discussion meeting was held on the occasion with Wasif Ali Khan, executive vice president and regional head of Rajshahi of the bank, in the chair.

High officials of the bank and local elites and businessmen were also present on the occasion.

Source: Daily Sun

Dhaka, Dec 27: United Commercial Bank Limited (UCB) opened its 104th branch at Tejgaon, Dhaka on Monday. The Chairman of UCB M A Hashem inaugurated the new branch as the Chief Guest. Vice-Chairman of the bank Kazi Enamul Hoque and Director Qamrun Nahar were also present in the opening ceremony.

The Managing Director of the Bank,  M. Shahjahan Bhuiyan, Additional Managing Director and Deputy Managing Directors: Mr. Mirza Mahmud Rafiqur Rahman, Shahed Jalal Chowdhury and distinguished guests were also present in the ceremony. 
The inauguration was preceded by a special “Doa Mehfil” inside the branch premises.

Source: The Independen

The board of directors of Islami Bank has decided to enhance authorised capital of the Bank from Tk 10.00 billion to Tk 20.00 billion subject to approval of shareholders in the Extra General Meeting (EGM).

The Bank has also informed that the Board of Directors of the Bank has decided to enhance authorised Capital of Islami Bank Securities Limited, a subsidiary company of the bank, from Tk 1.00 billion to Tk 10.00 billion and paid up capital from Tk 300 million to Tk 5.00 billion subject to approval of regulatory authorities.

AAA Consultants & Financial Advisers Ltd will act as the issue manager while Eastern Bank Limited (EBL) is the trustee.

Source: Daily Sun

IFC, a member of the World Bank Group, will work with the Bangladesh Bank Training Academy to train local bankers on managing credit risks and to encourage adoption of best practices.

In order to meet this goal, IFC launched a five-day training program at Bangladesh Bank Training Academy in the city yesterday to provide the bankers a strong foundation on international best practices in credit risk management, said a press release.

The training will be offered for about a year, the news release added.

Source: Daily Sun