SIBL holds Iftar party

Posted by BankInfo on Tue, Jul 22 2014 09:52 am

Major (Retd.) Dr. Md. Rezaul Haque, Chairman, Board of Directors, Social Islami Bank Limited, speaks at a discussion on “Importance of Sadakah and Role of SIBL’s cash waqf in Holy Ramadan” at a hotel in Dhaka recently.

 Social Islami Bank Limited arranged an Iftar Mahfil and discussion on “Importance of Sadakah and Role of SIBL’s cash waqf in Holy Ramadan” along with an “Iftar Mahfil” at a hotel in Dhaka recently.

Major (Retd) Dr. Md. Rezaul Haque, Chairman, Board of Directors of the bank was present as chief guest, said a press release.

Md. Shafiqur Rahman, Managing Director of the bank presided over the programme while directors of the bank were present as special guests.

 

News:Daily Sun/22-July-2014

Threat of political movement makes BB conservative

Posted by BankInfo on Mon, Jul 21 2014 11:31 am

H1 credit growth target to remain at the same level of last half at 16.5% as the central bank unveils monetary policy statement early next week

Bangladesh Bank is going to announce a new monetary policy for the first half of the current fiscal year on Sunday next, with a challenge to stimulate investment in private sector.

The credit growth target would be set at 16.5%, a senior executive of the central bank said yesterday.

The target would then remain same to what it was in the January to June period, which would also remain far short of the period’s target. He said the credit growth in the last six month would be 13.5% at best, portraying sluggish investment.

The credit growth remained far below from the programmes estimated in last several monetary policies.

“There will be no surprise in the new policy we are going to announce,” said Bangladesh Bank senior adviser Allah Malik Kazmi. He said credit space will be kept almost unchanged as local market would not be so crowded due to inflow of foreign loans.

The Monetary Policy Statement would continue with the existing measures to keep inflation below 7% and set the GDP growth above 7% in line with the government target of 7.3% for the fiscal year 2014-15.

“We will have policy to divert the liquidity to investment. We have already raised the cash reserve requirement (CRR) to absorb the excess liquidity from the market and have plans to increase it further, if needed,” he said.

He said the central bank will take steps to keep stability in the money market, but increase of investment would depend on political situation. “We will take the political situation under consideration in setting the monetary policy programmes as BNP announced to go for movement after Eid festival.”

The central bank expects import expenditure will rise this year, but will have no pressure on reserve as it has surplus current account balance. The current account may not remain surplus due to rise in import payment, but it would not be negative, he said.

He added that the central bank failed to achieve its target to use the credit growth set in the last few monetary programmes due to lack of confidence among the businesspeople amid political uncertainty.

Under the monetary programme for the fiscal year 2013-14, the central bank had set 15.5% credit growth target for the private sector by December 2013 and 16.50% by June 2014.

The BB data showed that the credit growth in the private sector stood at 11.39% in May and the central bank is expecting it would stand 13.5% at best at the end of June, which is far below the target.

The actual credit growth of the private sector was 16.6% in December 2012, which was far from the target of 18.3%. Then the central bank cut its credit growth target to 10.8% in June 2013 considering the lack of demand and achieved it.

But, the gap between the actual and programmed target widened during last two monetary policies amid political unrest. The actual credit growth stood at 10.6% in December 2013 against the programme of 15.5% and in May it stood at 11.39% against 16.8%, according to the Bangladesh Bank data. 

News:Dhaka Tribune/21-July-2014

FSIBL opens branch in Bhola

Posted by BankInfo on Mon, Jul 21 2014 11:21 am

Taher Ahmed Chowdhury, Head of Information and Communication Technology Division of First Security Islami Bank Limited, inaugurates a branch of the bank in Bhola recently.

 

 First Security Islami Bank Limited (FSIBL) opened branch in Bhola recently.

Taher Ahmed Chowdhury, Head of Information and Communication Technology Division of the bank inaugurated the branch, said a press release.

Sk Abdul Wadud, Zonal Head of Khulna, Azam Khan, Head of Marketing and Development Division, Shafiqul Islam, Manager, Barisal, ATM Obaidur Rahman, Manager, Patuakhali, Mohammad Monjurul Ahsan, Manager, Bhola branch of the bank and local elites were present on the occasion.

News:Daily Sun/21-July-2014

Meghna Bank holds business review meeting

Posted by BankInfo on Mon, Jul 21 2014 11:05 am

HN Ashequr Rahman, MP, Chairman of Meghna Bank Ltd, is seen at the bank’s half-yearly business review meeting at the bank’s head office in Dhaka on Saturday.

 Meghna Bank Limited organised half-yearly business review meeting at the bank’s head office in Dhaka on Saturday.

HN Ashequr Rahman, MP, Chairman of Meghna Bank attended the meeting as chief guest, said a press release.

Abdul Alim Khan Selim, Vice Chairman, Shakhawat Hossain, Chairman of Audit Committee, Md Kamal Uddin, Chairman of Executive Committee, Md Ali Azim Khan and SM Jahangir Alam Manik, Directors of the bank were present at the meeting as special guests.

Mohammed Nurul Amin, Managing Director of Meghna Bank presided over the meeting.

Md Mohashin Miah, Additional Managing Director, senior officials and branch managers were present at the meeting.

During the meeting, the bank’s management reviewed previous business progress and set strategic business plans for next few months of the year. 

News:Daily Sun/21-July-2014

United Commercial Bank organises managers’ confce

Posted by BankInfo on Mon, Jul 21 2014 11:00 am

Muhammed Ali, Managing Director of United Commercial Bank Limited, along with other senior officials of the bank are seen at Half-yearly Chittagong Zone Managers’ Conference at Chittagong Club recently.

 Half-yearly Managers Conference of Chittagong Zone of United Commercial Bank Limited (UCBL) was held at Chittagong Club recently.

Muhammed Ali, Managing Director of the bank presided over the conference, said a press release.

M. Shahidul Islam, Mirza Mahmud Rafiqur Rahman and A. E. Abdul Muhaimen, Additional Managing Directors of the bank were present at the conference.

Mohammad Abu Abdullah, Md. Tariqul Azam and Mohammad Shawkat Jamil, Deputy Managing Directors along with other senior officials and managers of the bank were present at the conference.

The conference reviewed the bank’s existing strategic policy for catering the future tactical work plan to expand the quality of client service and product diversity at the conference.

Participants at the conference expressed their opinion on the continuation and acceleration of the success of UCBL. 

News:Daily Sun/21-July-2014
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