Prime Bank Limited arranges lenders' visit programme in Cox’s Bazar

Prime Bank Limited, Lead Arranger & Agent of the Syndicated Finance of Sea Pearl Beach Resort & Spa Ltd. arranged a lenders' visit programme to the project site at Inani Beach, Cox’s Bazar on 17 May 2015.

During the visit Md. Touhidul Alam Khan, Deputy Managing Director and Chief Business Officer of Prime Bank Limited and Brig. Gen. (Retd.) A H M Mokbul Hossain, Chief Executive Officer of Sea Pearl Beach Resort & Spa Ltd. as well as senior officials of syndicated lenders were also present. The participating lenders are: Prime Bank Limited, Standard Bank Limited, Pubali Bank Limited, Trust Bank Limited, Mutual Trust Bank Limited, ONE Bank Limited, Modhumoti Bank Limited, National Credit & Commerce Bank Limited and Bangladesh Commerce Bank Limited. (Source: press release)

Mercantile Bank Limited opens 101st Branch at Donia

Mr. Morshed Alam, M.P., Honorable Chairman of Mercantile Bank Limited inaugurates 101st  Branch “Donia Branch” as Chief Guest of the opening ceremony at “Holding#661, Donia Road, Jatrabari, Ward-03, South City Corporation, Dhaka on 25th May 2015. Mr. Alhaj Habibur Rahman Molla, M.P was present as a Special Guest Mr. Syed Abu Hossain Babla, MP was present as honorable guest on the occasion.

Mr. Al-Haj Akram Hussain (Humayun) –Chairman- Executive Committee, Directors- Mr. M. Amanullah, Mr. A.K.M. Shaheed Reza and Al-Haj Mosharref Hossain, Bank’s Managing Director & CEO Mr. M Ehsanul Haque, Additional Managing Director Mr. Monindra Kumar Nath were present. (Source: press release)

Meghna Bank arranges workshop on Credit Risk Management

Credit Risk Management Department of Meghna Bank Limited arranged a workshop on Credit Risk Management for discussion between Branch officials and CRM officials from all over Bangladesh on May 23, 2015 at Head Office, Dhaka.

Meghna Bank Limited Managing Director & CEO Mr. Mohammed Nurul Amin inaugurated the training as Chief Guest.

Mr. Md. Mohashin Miah, Additional Managing Director and Mr. Nazrul Hossain, Deputy Managing Director, were also present in the program. The training program was conducted by Mr. Rabiul Hoque Bhuiyan, VP, CRM and Mr. Mir Md. Abbas Ali, FAVP, CRM, senior officials of our CRMD and Mr. Mohammad Imdadul Islam, SEVP & Head of Retail, SME & Other Finance Division. (Source: press release)

Jamuna Bank Limited Managing Director Shafiqul Alam gets Gold Trade Award

Jamuna Bank Limited Managing Director Shafiqul Alam received the “Gold Trade Award-2014” from Maumer Mesak, Relationship Manager, Financial Institutions, Commerzbank AG at a program recently for excellent partnership in Trade Finance in the year 2014.

A. K. M. Saifuddin Ahamed, Deputy Managing Director, Mohammad Shamsur Rahman, Head of International Division of Jamuna Bank Limited, Tawfiq Ali, Senior Representative and Mohammad Niaz Mahboob Representative of Commerzbank AG were also present at the ceremony. (Source: press release)

Eastern Bank Limited Cardholders offered to buy Motorbike on Interest Free Instalments

M. Nazeem A. Choudhury, Head of Consumer Banking of Eastern Bank Limited (EBL) and Shawn Hakim, Chief Operating Officer of Rancon Motorbikes Ltd signed a customer benefit agreement in Dhaka recently. 

The agreement allows EBL cardholders to buy motorbike from Rancon in 12 monthly interest free instalments. Senior officials from both the organisation were present on the occasion. (Source: press release)

bKash provides 30,000 books to Bishwo Shahitto Kendro Book Reading Program

bKash Limited, the leading mobile financial service provider in the country, has provided around 30,000 books to Bishwo Shahitto Kendro to facilitate its ‘Nation-Wide Enrichment Program’, a book reading program for students.

The books will be used for facilitating reading program in 400 schools with a target to reach around 30,000 students each year. The book reading program is designed for the students of class VI to X.

In this connection, Bishwo Shahitto Kendro in association with bKash today inaugurated the book reading program at the Ideal School and College at Motijheel in the city. 

Minister for Civil Aviation and Tourism, Rashed Khan Menon MP inaugurated the book reading program as the Chief Guest while Kamal Quadir, Chief Executive Officer of bKash handed over the books to Abdullah Abu Sayeed, founder Chairman and Chief Executive of BSK. Senior officials of both the organizations were present at the program. 

Addressing the program, Rashed Khan Menon said the students in schools have grown the habit of reading since Bishwo Shahitto Kendro started its book reading campaign.  He hoped this great initiative of Bishwo Shahitto Kendro would continue for years and would bring a positive change in the society.

Kamal Quadir said the Bishwo Shahitto Kendro has been playing an instrumental role for the last 36 years in bringing a silent revolution in the habit of reading. He said bkash is proud to be associated with this noble organization to spread the reading habits among students.

Abdullah Abu Sayeed thanked bKash for providing the books and said support from organizations like bKash is very important for Bishwo Shahitto Kendro to carry out its initiative on building a society based on knowledge and enlightenment.

In 2014, bKash also provided 34,000 books to Bishwo Shahitto Kendro’s book reading program for students. 

Launched in 2011, bKash, a joint venture of BRAC Bank, US based Money in Motion, World Bank’s  International Finance Corporation and Bill and Melinda Gates Foundation, offers complete mobile financial services to the common people of Bangladesh. (Source: press release)

Modhumoti Bank opens 12th branch at Dhaka’s Keraniganj

Modhumoti Bank Limited inaugurated its 12th branch at Aganagar, Keraniganj on Thursday, 14th May, 2015. Mr. Humayun Kabir, Chairman of the Board of Directors of Modhumoti Bank Limited (MMBL) inaugurated the branch as Chief Guest. Barrister Sheikh Fazle Noor Taposh MP, Chairman, Executive Committee of MMBL was present as Special Guest. Among the Sponsors of Bank Md. Shawkat Ali Bhuiyan was present in the occasion. Managing Director  & CEO of the Bank Md. Mizanur Rahman presided over the ceremony. Additional Managing Director Md. Shafiul Azam, other high officials of the Bank and local elites were present over the ceremony. (Source: press release)

Prime Bank visits project site at Habiganj

Prime Bank Limited as lead arranger & agent of the Syndication Finance of Star Ceramics Ltd. arranged a lenders' visited program to the project site at Habiganj on 14 May.

During the visit program senior executives of participating lenders i.e. Mutual Trust Bank, Trust Bank, The City Bank, Mercantile Bank, NCC Bank, SABINCO, ONE Bank, Meghna Bank and Prime Bank were present. (Source: press release)

LankaBangla Finance, VIVID Global Connect sign deal for 0% instalment facility

LankaBangla Finance Ltd. (LBFL) recently signed a Memorandum of Understanding (MOU) with VIVID Global Connect Limited for its customer privilege. Under this MOU, LankaBangla MasterCard & VISA Cardmembers will enjoy installment facility @ 0% under “ezypay” scheme. Khurshed Alam - Head of Retail Finance of LBFL & Quamrul Huda - Managing Director signed the MOU for their respective organizations. Mir Shafiqul Islam- Credit Card Head, Khandakar Shazzad Hossain- Relationship Sr. Officer of LBFL and other officials of both organizations were present at the signing ceremony. (Source: press release)

Keya Cosmetics Ltd holds 18th AGM

Keya Cosmetics Ltd held its 18th AGM (annual general meeting) at Konabari in Gazipur on May 16, 2015.

Keya Cosmetics Ltd chairman Abdul Khalek Pathan presided over the AGM.

The AGM approved 20 per cent stock dividend for the shareholders. (Source: press release)

Al-Arafah Islami Bank Limited opens 120th Branch at Sherpur, Bogra

Al-Arafah Islami Bank Ltd. Has opened its 120th branch at Dhunot Mor, Sherpur, Bogra. Director & Vice Chairman Board Executive Committee of the Bank Alhajj Abdul Malek Mollah inaugurated the branch as Chief Guest while Managing Director Md. Habibur Rahman presided over the ceremony.

Head of AIBL Bogra Zone Md. Abul Basher delivered the welcome speech. The occasion was addressed by prominent businessmen Md. Rezanur Sohel, Alhajj Md. Bashir Uddin and Managing Director of Mazumdar Products Ltd. Chitta Mazumdar. Among others Senior Vice President Engr. Md. Habib Ullah and Assistant Vice President Jalal Ahmed were present in the inauguration. A large number of local peoples, businessmen, clients and well-wishers participated on the ceremony. Manager of the branch A. B. M. Abdul Baten thanked the audience.

Chief Guest of the ceremony Director Alhajj Abdul Malek Mollah said Al-Arafah Islami Bank Ltd. was established not for making profit by doing business but for the welfare of the society. Managing Director Md. Habibur Rahman, in his speech, invited all to have the blessings of Islamic banking service. He also said, only Islamic banking system can boost-up the economy of the country. (Source: press release)

AB Bank approves 12.5% stock dividend

AB Bank Limited approved 12.5% Stock Dividend for its shareholders at the 33rd Annual General Meeting (AGM) of the Bank held on May 17, 2015 (Sunday) at the Bashundhara Convention Centre-2, Dhaka. The AGM approved the Annual Report and the Audited Financial Statements of the Bank for the year ended 2014.

Earlier an Extra-Ordinary General Meeting (EGM) of the Bank was held on the same day at 9.00 am at the same venue. A Special Resolution was approved in the EGM for issuance of ‘AB Bank Subordinated Bond-II’ of BDT 400.00 crore for raising Tier-II Capital subject to approval of the concerned Regulatory Authorities. 

AB Bank Limited completed its 33rd year of successful banking on April 12, 2015. Net Asset Value (NAV) stood at Tk.1,876 crore in 2014 which is 8% higher than 2013. Total Asset of the Bank stood at Tk.25,681 crore at the end of 2014 reflecting a growth of 22% over last year.

The 33rd AGM was presided over by the Chairman of the Bank, Mr. M. Wahidul Haque. Other Directors and the President & Managing Director Mr. Shamim A. Chaudhury were also present. A good number of shareholders, patrons and well-wishers attended the Annual General Meeting. (Source: press release)

Standard Chartered Bank signs exclusive agreement with Samsung Mobile Bangladesh

Standard Chartered Bank, the leading international bank in Bangladesh has recently signed a Memorandum of Understanding (MoU) with Samsung Mobile Bangladesh. Under this MoU all Standard Chartered Bank VISA, MasterCard credit card holders will enjoy InstaBuys at 0% Interest for 12 EMI and also get 10% cash back when they purchase Samsung Galaxy S6.

The latest flagship device from Samsung, the Galaxy S6 is priced at BDT 69,900 and is available at retail outlets of Samsung Mobile across the country. This offer will be valid till 09 June 2015.

On this occasion, Mr. Shafquat Hossain, Head of Retail Products & Segments, Standard Chartered Bank said, “We are very proud to be associated with Samsung Mobile Bangladesh. This is a very exciting deal that we have signed with them. At Standard Chartered we constantly endeavour to create new value proposition for our customers.”

Mr. Choon Soo Moon, Country Manager, Samsung India Pvt Ltd. – Bangladesh Branch Office said, “Both Samsung and StanChart are willing to work together to provide the best customer experience with Samsung’s most advanced technology and StanChart’s flexible payment solutions. With StanChart as our strategic partner, we are very hopeful that together we can serve our customers better.”

Caption: Mr. Shafquat Hossain, Head of Retail Products & Segments, Mr. Mohammad Razimul Haque Razim, Sr. Manager, Alliances and other official of Standard Chartered Bank along with Mr. Choon Soo Moon, Country Manager, Mr. Young Woo Lee, General Manager, Mr. Hasan Mehdi Head, Mobile business and other official of Samsung Mobile Bangladesh, were present at the signing ceremony held at Standard Chartered Bank Head Office. (Source: press release)