BB launches refinancing fund worth Tk200cr for jute sector -

Posted by BankInfo on Mon, Aug 25 2014 10:59 am

In this perspective, it will sign partnership agreements with 16 banks to support jute sector under the refinancing scheme

Bangladesh Bank (BB) will launch a refinancing scheme worth Tk200 crore today for the country’s jute sector. 

In this perspective, it will sign partnership agreements with 16 banks to support jute sector under the refinancing  scheme.

The central bank governor Atiur Rahman will attend at the function along with high officials and managing directors of 16 banks. 

Earlier on October last year, Bangladesh Bank had announced a refinancing scheme for the jute sector in response to a request made by three ministries finance, jute and agriculture. 

A committee headed by SK Sur Chowdhury was formed to administer the scheme. The central bank will provide the refinance fund at the bank rate while the banks will disburse the loans and charge service fees. The committee will fix the maximum range of service charge for the banks. 

The country’s jute sector now suffers from fund crunch as high interest rates discourage the jute traders to borrow money from the banks.

News:Dhaka Tribune/25-Aug-2014

Mercantile Bank signs deal with Mohammadi

Posted by BankInfo on Mon, Aug 25 2014 10:52 am

A.K.M Atiqur Rahman, EVP & Head of Mobile Banking Division, Mercantile Bank Limited, and Md. Mahbubul Kadir, General Manager, Mohammadi Group, are seen signing an agreement on MYCash Mobile Banking Services at the bank’s head office recently.

 Mercantile Bank Limited (MBL) and Mohammadi Group recently signed an agreement on MYCash Mobile Banking Services at the bank’s head office on MYDpS, a monthly savings product in mobile banking for the first time in Bangladesh.

Under this agreement, Mohammadi Group will allow their employees and factory workers to open MYCash Account with special mobile banking savings scheme MYDpS, said a press release.

A.K.M Atiqur Rahman, EVP & Head of Mobile Banking Division, Mercantile Bank Limited and Md. Mahbubul Kadir, General Manager, Mohammadi Group signed the agreement on behalf of their respective organisations.

Md. Shafiquddin, Executive Director, Mohammadi Group, and Jakirul Islam, First Vice President, MBL and other senior executives from both the organizations were also present on this occasion.

News:Daily Sun/25-Aug-2014

AB Bank holds talks on RMG sector

Posted by BankInfo on Mon, Aug 25 2014 10:44 am

Dr. Khondaker Golam Moazzem, Additional Research Director of the Centre for Policy Dialogue, is seen at a discussion on ‘Talks on RMG Sector’, organised by AB Bank in Dhaka on Saturday.

 AB Bank Limited organised a discussion titled “Talks on RMG Sector” for the management of the bank at Spectra Convention Centre in Dhaka on Saturday.

Dr. Khondaker Golam Moazzem, Additional Research Director of the Centre for Policy Dialogue (CPD) was the key speaker at the programme, said a press release.

News:Daily Sun/25-Aug-2014

Meghna Bank opens branch at Bhatiari

Posted by BankInfo on Mon, Aug 25 2014 10:37 am

Abdul Alim Khan Salim, Vice Chairman of Meghna Bank Limited, inaugurates the 10th branch of the bank at “M A Trade Center”, Madambibirhat, Bhatiari in Chittagong recently.

 The 10th branch of Meghna Bank Limited was inaugurated at “M A Trade Center”, Madambibirhat, Bhatiari in Chittagong recently.

Abdul Alim Khan Salim, Vice Chairman of the bank inaugurated the branch as chief guest.

Mohammed Nurul Amin, Managing Director and CEO of the bank presided over the ceremony, said a press release.

Ashiqur Rahman Losker, Director and Md. Saiful Islam, Sponsor of the bank attended the function as special guest.

Senior executives of the bank, local elites and business personalities also attended the programme.

News:Daily Sun/25-Aug-2014

Tk 200cr Scheme for Tk-10 Account Holders BB signs deal with banks on financing marginal farmer

Posted by BankInfo on Mon, Aug 25 2014 10:26 am

Abul Mansur Ahmed, General Manager of Green Banking and CSR Department of Bangladesh Bank, and Helal Ahmed Chowdhury, Managing Director and CEO of Pubali Bank Ltd, seen signing an agreement in presence of Dr. Atiur Rahman, Governor, SK Sur Chowdhury, Deputy Governor and M. Mahfuzur Rahman, Executive Director of Bangladesh Bank, at a function in Dhaka recently.

 A participatory agreement was signed between Bangladesh Bank and ten commercial banks under a re-finance scheme worth Tk 200 crore on financing Tk-10 account holders.

Bangladesh Bank and 10 other commercial banks signed the participatory agreement under a re-finance scheme worth Tk 200 crore for giving loans to marginal and landless farmers and low earning people, who have bank accounts with Tk 10 deposits, said a press release.

Dr. Atiur Rahman, Governor of Bangladesh Bank was present at the signing ceremony as chief guest while Deputy Governor of Bangladesh Bank SK Sur Chowdhury was present as special guest.

10 commercial banks along with Pubali Bank Ltd participated in the signing ceremony while M Mahfuzur Rahman, Executive Director of Bangladesh Bank presided over the ceremony recently.

Abul Mansur Ahmed, General Manager of the Green Banking and CSR Department of Bangladesh Bank and Helal Ahmed Chowdhury, Managing Director and CEO of Pubali Bank Limited signed the agreement on behalf of their respective organizations.

Senior officials of the Bangladesh Bank, chief executive officers of the commercial banks and General Manager of Credit Division of Pubali Bank Ltd Habibur Rahman were also present at the agreement signing ceremony. 

News:Daily Sun/25-Aug-2014
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