City Bank wins ‘Best Bank in Bangladesh’ award

Posted by BankInfo on Thu, Aug 14 2014 12:07 pm

Sohail R K Hussain, Managing Director and CEO of City Bank, receives the ‘Best Bank in Bangladesh’ at Euromoney’s Awards for Excellence 2014 in Hong Kong recently.

 City Bank was named the ‘Best Bank in Bangladesh’ at Euromoney’s Awards for Excellence 2014.

Euromoney is world’s leading financial publication read by high-ranking financial decision makers in more than 100 countries, said a press release.

The award was announced at an award ceremony in Hong Kong which was attended by 500 leading bankers from across the globe.

Sohail R K Hussain, Managing Director and CEO of City Bank received the award on behalf of the bank.

This is the first year of Euromoney extending the award to Bangladesh and City Bank has become the winner of the inaugural award.

In presenting the Best Bank in Bangladesh award to City Bank, Euromoney said, “During a period of political and economic instability, City Bank of Bangladesh thrived. Across a range of businesses, City Bank embraced change in a way its rivals struggled to match.”

News:Daily Sun/14-Aug-2014

DBBL signs agreement with Nitol Motors

Posted by BankInfo on Thu, Aug 14 2014 11:41 am

Abdul Matlub Ahmad, Chairman of Nitol-Niloy Group, and KS Tabrez, Managing Director of Dutch-Bangla Bank Limited, exchange documents after signing an agreement in Dhaka on Tuesday.

 Dutch-Bangla Bank Limited (DBBL) signed an agreement with and Nitol Motors Limited for Nexus Payment Gateway Service.

Abdul Matlub Ahmad, Chairman of Nitol-Niloy Group and KS Tabrez, Managing Director of DBBL signed the agreement on behalf of their respective organisations in Dhaka on Tuesday, said a press release.

As per the agreement, customers will be able to book or purchase the motor vehicles of Nitol Motors Limited from anywhere any time through Internet by using DBBL Nexus Debit Card, MasterCard and Visa card, said a press release. 

 

News:Daily Sun/14-Aug-2014

Al-Arafah Bank to provide 5 thousand SIM cards to pilgrims

Posted by BankInfo on Wed, Aug 13 2014 12:16 pm

Al-Arafah Islami Bank will distribute free SIM cards among five thousand pilgrims during the Hajj this year, says a press release.
In this connection the Bank signed a memorandum of understanding (MoU) with Intraco Limited yesterday. Managing Director of the Al-Arafah Bank, Habibur Rahman, was present at the signing ceremony while Deputy Managing Director of the bank, Golam Rabbani, and Deputy Managing Director of Intraco Limited, Irad Ali, signed the MoU.
Habibur Rahman thanked Intraco Limited for providing support for free SIM distribution programme, the statement said. 
According to the newly signed MoU, Intraco will provide the bank five thousand SIM cards with balance of 10 Saudi Real, which is usable in Saudi Arabia. 

News:The Independent/13-Aug-2014

Muhith may sit today to appoint MDs of Agrani, BASIC, Grameen

Posted by BankInfo on Wed, Aug 13 2014 11:52 am

The finance minister AMA Muhith will select the managing directors of the two state-owned banks Agrani, specialised BASIC and Grameen Bank

Finance Minister AMA Muhith is expected to sit today at his secretariat office in the city to appoint the managing directors of the two state-owned banks and also micro-lender Grameen Bank.

According to the official concerned, the finance minister AMA Muhith will select the managing directors of the two state-owned banks Agrani, specialised BASIC and Grameen Bank.

The meeting will also discuss about the status of a case filed against the search committee of the Grameen Bank as the government now wants quick settlement of the case, they said.

Some of the existing managing directors and ex-managing directors of the state-owned banks including the MD of Agrani Bank SM Aminul Rahman, whose second tenure expired on July 27, have intensified their lobbying to get back the jobs again, said a high official of the Banking Division.

Other existing Managing Directors (MDs) of the state-owned banks are-MD of the state-owned Rupali Bank Farid Uddin, MD of the state-owned Bangladesh Development Bank Limited Dr Md Zillur Rahman, MD of Managing Director of Bangladesh Krishi Bank Md Abdus Salam, and MD of Rajshahi Krishi Unnayan Bank Md Mofazzal Husain.

Banking division wants to keep SM Aminul Rahman for another tenure as MD of the state-owned bank Agrani.  He has also intensified his lobbying to the government’s high ups for appointing him MD of the Agrani Bank for six-month, before going on retirement.

The board of director of Agrani Bank recently sent a file with the proposed name of SM Aminul Rahman, which will be placed at today’s meeting for getting the consent of the minister, according to Bangladesh Bank sources.

After corporatisation the state-owned banks, only board of directors of the state-owned banks will appoint the Managing Directors after getting consent from the Bangladesh Bank.

Bangladesh Bank (BB) removed the MD of BASIC Bank Limited Kazi Faqurul Islam on May 24 and Fazlus Sobhan was appointed as new MD (in-charge) of the bank.

During today’s meeting, the minister will also discuss the current status of Fazlus Sobhan, who might also be appointed as the MD of the BASIC Bank. 

News:Dhaka Tribune/13-Aug-2014

 

 

Nepal Bangladesh Bank reelects its chairman

Posted by BankInfo on Wed, Aug 13 2014 11:35 am

Mohammad Lutfar Rahman, chairman of the executive committee of IFIC Bank, has recently been reelected as the chairman of Nepal Bangladesh Bank Ltd (NBBL), a joint venture operation of IFIC Bank in Nepal.
The election took place at NBBL's 19th annual general meeting in Kathmandu on Sunday, IFIC said in a statement yesterday.
Arijit Chowdhury, director of IFIC Bank, and Shah Alam Sarwar, managing director, were also elected as directors of NBBL.

News:The Daily Star/12-Aug-2014
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