Alhaj Mohammad Hasan, Chairman of the EC of SIBL, presides over a meeting at the bank's head office in Dhaka.

Executive Committee (EC) of Shahjalal Islami Bank Limited (SIBL) recently organised its 491st meeting at the bank's head office premises in Dhaka.

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 Akkas Uddin Mollah, Alhaj Mohammed Solaiman, Alhaj Tofazzal Hossain, Alhaj Mohiuddin Ahmed, Directors, Md Abdur Rahman Sarker, Managing Director, Md Mukhter Hossain, Additional Managing Director and Md Abdul Jabber Chowdhury, Deputy Managing Director of the bank were present at the meeting.

In the meeting, the members of the committee discussed various issues relating to investment in different sectors.

The Daily Sun/Bangladesh/ 13th July 2012

Muhammad Yasin Ali, Deputy Managing Director and Chief Anti-Money Laundering and Compliance Officer of Prime Bank, seen at a workshop in Dhaka.

Prime Bank Limited organised a workshop on 'Anti-Money Laun-dering and Anti Terro-rist Financing' at Bi-joynagar in Dhaka.

Muhammad Yasin Ali, Deputy Managing Director and Chief Anti Money Laun-dering and Compliance Officer (CAMLCO) of the bank inaugurated the workshop, said a press release.

Mohammad Aminul Islam, VP, Deputy CAMLCO of Prime Bank, moderated the programme while Md. Nazim Uddin, Head of Internal Control and Compliance Division presided.

M. Reazul Karim, Additional Managing Director also spoke.

Officers of 31 branches of of the bank of Dhaka city participated the workshop.

The Daily Sun/Bangladesh/ 13th July 2012

Bangladesh Bank (BB) is set to announce its annual agricultural and rural credit policy and programme for the 2012-13 financial year (FY13) on July 24 with a disbursement target of taka 141.23 billion.

The target is around 10 per cent higher than the target and disbursement of taka 138 billion for the just concluded 2011-12 financial year (FY12).

BB Governor Dr Atiur Rahman will announce the policy at a press conference at the central bank headquarters in the city. The policy will follow the half-yearly monetary policy statement (MPS) for the FY 13, to be announced on July 18.

“All the banks have already been advised to increase their target for agriculture and rural credit by at least 10 per cent,” a BB official told BSS.

The Daily Sun/Bangladesh/ 13th July 2012

Bangladesh Krishi Bank (BKB) has geared up its rural and agriculture loans disbursement drive in order to boost agricultural production in the country.

To be self-reliant in food production, the bank disbursed Agri-loan of Tk 47.34 billion in the current year which is 103 percent against the annual target.

During the period, the bank recovered Tk 44.83 billion loans, 85 percent of the target and Tk 10.39 billion more than the amount realised during last fiscal.

The bank has reduced its loss to Tk 650 million through disbursement and recovery of said amount of loans during the calendar year.

The bank has already set its annual loan disburse-ment target for the fiscal 2012-13.

It is expected that the bank will be able to make profit in the current year and disburse and recover higher loans in the next year.

The Daily Sun/Bangladesh/ 13th July 2012

Growth in some developing Asian countries, including Bangladesh and India, will go down further due to a worsening the financial and banking crisis in Europe and a sluggish recovery in the United States, the Asian Development Bank said yesterday.

“Economic growth in developing Asia moderated during the first half of 2012 as slower growth in the US and the euro area reduced demand for the region's exports,” the lender said in a report.

Worries over the strength of important developing economies have emerged, according to the Asian Development Bank Outlook Supplement.

The supplement outlook did not say anything directly about Bangladesh. However, the outlook published in April projected Bangladesh's GDP (gross domestic product) growth at 6.2 percent for fiscal 2012, down from 6.7 percent a year ago.

Bangladesh Bureau of Statistics projected the growth at 6.3 percent in its provisional estimate.

However, Finance Minister AMA Muhith is still hopeful that growth would reach 7 percent in the final calculation.

The ADB predicts developing Asia will expand by 6.6 percent in 2012 and 7.1 percent in 2013, lower than 6.9 percent and 7.3 percent forecast in the lender's Asian Development Outlook published in April.

India's outlook, meanwhile, is clouded by a combination of high inflation and poor demand, both externally and internally.

India's economy is now expected to grow by 6.5 percent this year, down from the previous forecast at 7 percent.

South Asia's economy is expected to grow by 6.2 percent in 2012 and 6.9 percent in 2013. The earlier forecast said the growth would be 6.6 percent and 7.1 percent respectively.

South Asia's economic growth will moderate as the weaker global environment reduces exports and investment inflow. Although somewhat offset by stable inward remittance, widening trade deficits have led to the depreciation of most currencies in the sub-region.

The Daily Sun/Bangladesh/ 12th July 2012