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Category Archives: Banking News

Abu Nasser re-elected Chairman of IBBL Prof Abu Nasser Muhammad Abduz Zaher, Representative of Ibn Sina Trust, has been re-elected Chairman of Islami Bank Bangladesh Limited. Yousif Abdullah Al-Rajhi from KSA and Engineer Mustafa Anwar, Representative of the Public Institution for Social Security, Kuwait have also been re-elected Vice Chairmen of the Bank, according to a press. The election was held at a meeting of ... Read More »

Remitance agreement signed

Banking Desk Mohammed Nurul Amin, Managing Director of NCC Bank, and Mamoon Mahmood Shah, Managing Director of ICB Islamic Bank signed  a remittance agreement between their banks in Dhaka on Tuesday. Photo: ICB Islamic Bank   Read More »

Islami Bank announces 25pc dividends

Banking Desk Islami Bank Bangladesh Ltd (IBBL) announced 17 percent stock and 8 percent cash dividends for the bank’s shareholders for 2012 at the annual general meeting held on Wednesday. Abu Nasser Muhammad Abduz Zaher, chairman of the bank, presided over the meeting at Bangabandhu International Conference Centre in Dhaka. The AGM approved the balance sheet up to December 31, ... Read More »

UBL signs agreement with Millennium for Islamic banking solution

Banking Desk Union Bank Ltd., the only Shariah based bank out of all recently approved new banks in the country, signed an agreement with Millennium Information Solution Ltd (Millennium) recently 18th May 2013. Under this agreement, Millennium will deploy its flagship product “Ababil”, a complete end-to-end Islamic Shariah based core banking solution with Trade Finance, Treasury Modules, and integration with ... Read More »

donation for student

Banking Desk Umana Sharif,  Director of Pubali Bank, presented  a donation cheque for Tk 60 lakh to a student of the Society for the Welfare of Autistic Children (SWAC), for purchasing government allocated land in Savar and constructing its boundary wall, at a ceremony in Dhaka recently. Hafiz Ahmed Mazumder, chairman of the bank, and Anwar Hossain, chairman of SWAC, ... Read More »

SB managerial confce held

Banking Desk Prof Dr AHM Habibur Rahman, Chairman of Sonali Bank Ltd, is speaking on a managerial conference arranged by General Manager’s office Comilla at principal office, Comilla recently. Hasan Iqbal, general manager of GM office Comilla presided. Anamul Haq Chowdhury, director, Md Khorsed Hossain, DMD were present on the occasion. . Read More »

Bank Asia sings MoU with UDDL Bank Asia Ltd has  signed a Memorandum of Understanding (MoU) with Urban Design & Development Ltd (UDDL), a renowned real estate company, for providing house finance support to intended individual purchaser-borrower at the bank’s corporate office at Paltan in the city recently. Md Arfan Ali, Deputy Managing director of the bank and Nazim Uddin Ahmed, Managing Director of UDDL ... Read More »

StanChart supports 1.5pc of GDP

Study on British lender gauges its contributions to Bangladesh economy Financial News Service Standard Chartered Bank directly supports 1.1 percent and indirectly 1.5 percent of the country’s gross domestic product, a new and independent study disclosed it. Through its onshore financing, SCB supports, directly and indirectly, 466,000 jobs in Bangladesh, equivalent to about 0.6 percent of the country’s total workforce. ... Read More »

Mobile banking helps economy grow: BB Gov Around Tk 112 crore is being transacted through mobile banking services in the country every day on an average, helping the economy grow further by transferring money from urban to rural areas, Bangladesh Bank Governor Atiur Rahman said yesterday. Banks have been providing mobile financial services to 50 lakh people through around 7,000 agents across the country and the ... Read More »

Mannan continues as Islami Bank CEO

Banking Desk Mohammad Abdul Mannan, Managing Director of Islami Bank Bangladesh, began his second term as the bank’s chief executive off for another three years yesterday. Prior to assuming the position first time in 2010, he had three decades of experience in banking and also served as remittance marketing officer in six Gulf countries. He holds a political science master ... Read More »