Bank Asia holds performance review confce

Posted by BankInfo on Thu, Jul 17 2014 10:07 am

A Rouf Chowdhury, Chairman, Bank Asia Limited, is seen at the Semi-Annual Performance Review Conference-2014 of the bank at a hotel in Dhaka recently.

 Bank Asia Limited organised the Semi-Annual Performance Review Conference-2014 at a hotel in Dhaka on Saturday.

A Rouf Chowdhury, Chairman of the bank and chief guest of the programme, inaugurated the conference, said a press release.

Vice Chairman AM Nurul Islam, Chairman of Board Executive Committee Rumee A Hossain, Chairman of Board Audit Committee Mohammed Lakiotullah, Directors M. Irfan Syed, Md Mashiur Rahman and Shah Md. Nurul Alam, and President and Managing Director Md. Mehmood Husain, among others, were present.

News:Daily Sun/17-July-2014

Al-Arafah Islami Bank holds discussion

Posted by BankInfo on Thu, Jul 17 2014 09:59 am

Prof. Dr. A.R.M. Ali Haidar Murshidi, Chairman of Islamic Studies Department of Dhaka University, Md. Mofazzal Hossain, Deputy Managing Director of Al-Arafah Islami Bank Ltd and Mohammad Yunus, Managing Director of Yunus Group and Vice Chairman of Shahjalal Islami Bank Ltd, are seen at a discussion on ‘Ramjan o Noitikota’ at New Elephant Road Branch of Al-Arafah Islami Bank in Dhaka recently.

 Al-Arafah Islami Bank Limited organised a discussion meeting on ‘Ramjan o Noitikota’ (Ramadan & Ethics) at its New Elephant Road Branch in Dhaka recently.

Md. Mofazzal Hossain, Deputy Managing Director of the bank was present at the discussion as chief guest, said a press release.

Prof. Dr. A.R.M. Ali Haidar Murshidi, Chairman of Islamic Studies Department of Dhaka University spoke as the key discussed on the topic.

Mohammad Yunus, Managing Director of Yunus Group and Vice Chairman of Shahjalal Islami Bank Ltd was present as special guest.

Md. Nizamul Haque Chowdhury, Branch Manager and Vice President of the bank presided over the meeting.

News:Daily Sun/17-July-2014

BRICS nations ink deal to create $100bn dev bank

Posted by BankInfo on Thu, Jul 17 2014 09:55 am

The leaders of the five BRICS countries have signed a deal to create a new $100bn (£58.3bn) development bank and emergency reserve fund, reports BBC Online.

The BRICS group comprises Brazil, Russia, India, China and South Africa.

The capital for the bank will be split equally among the five participating countries.

The bank will have a headquarters in Shanghai, China and the first president for the bank will come from India.

Brazil's President, Dilma Rousseff, announced the creation of the bank at a BRICS summit meeting in Fortaleza, Brazil on Tuesday.

The halls of Fortaleza's conference centre were full of whispers about whether or not these BRICS nations - which often see each other more as rivals than friends - could agree a deal on the development bank.

But challenges were overcome and the announcements were made. Despite their political and economic differences, the one thing these countries do agree upon is that rich countries have too much power in institutions like the World Bank and the IMF.

Brazilian President Dilma Rousseff's comments made that feeling crystal clear - the BRICS countries, she said, have the power to introduce positive changes - ones that they think are more equal and fair.

At first, the bank will start off with $50bn in initial capital.

The emergency reserve fund - which was announced as a "Contingency Reserve Arrangement" - will also have $100bn, and will help developing nations avoid "short-term liquidity pressures, promote further BRICS cooperation, strengthen the global financial safety net and complement existing international arrangements". 

News:Daily Sun/17-July-2014

Negotiations to launch new BRICS bank hit snag

Posted by BankInfo on Wed, Jul 16 2014 11:16 am

Negotiations have stalled for now on a dispute between China, India and South Africa over who will host the bank

On the eve of the signing of a deal to launch a joint development bank, the BRICS nations have still not agreed on where the lender will be headquartered, a senior official involved in the talks told Reuters late yesterday.

The leaders of the five emerging market economies are expected to sign a deal on Tuesday that creates the $100bn bank and a reserves fund of the same size to challenge Western dominance over global finance. The five nations are Brazil, China, India, Russia and South Africa.

Negotiations have stalled for now on a dispute between China, India and South Africa over who will host the bank. The disagreement has also delayed a decision on which of the countries will hold the first 5-year presidency of the bank.

"This should be easy to resolve but we have this dispute. If it doesn't move forward, we may have to leave the decision for another meeting," said the official, who declined to be named.

Another negotiator confirmed that no decision has been reached.

A delay could be an embarrassment for the BRICS, which see the creation of the bank as a major step to gain more influence in the shaping of the world's financial architecture.

The official said that if no deal is reached on Tuesday, the leaders could still sign off on creation of the bank and decide on the headquarters and its president at a later date.

Negotiations to create the bank dragged on for more than two years as Brazil and India fought China's attempts to get a bigger share in the lender than the others.

The stark economic and political differences between the BRICS countries has made it difficult for the group to turn rhetoric to concrete action in coordinating policies.

Russian and Indian officials have signaled that China's business hub, Shanghai, was the front-runner in the race to land the headquarters. 

News:Dhaka Tribune/16-July-2014

Guidelines for banking services

Posted by BankInfo on Wed, Jul 16 2014 11:08 am

The central bank in a press release on Tuesday said the guidelines were issued to protect the interest of customers, ensure better services in the financial sector and settle customers' complaints

Bangladesh Bank issued guidelines for customer services and complaint management and asked all banks and financial institutions (FIs) to follow it to ensure better services to customers.

The central bank in a press release on Tuesday said the guidelines were issued to protect the interest of customers, ensure better services in the financial sector and settle customers' complaints, reports BSS.

"The guidelines are structured and focused on the aspects of institutional and individual ethical standard, customer service quality, customer awareness programme and complaint management system," the BB said.

These guidelines deliberate the complete procedures to ensure the comfortable and affordable customer services. 

News:Dhaka Tribune/16-July-2014

 

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