Orientation for 131 IBBL officers

Posted by BankInfo on Mon, Jun 19 2017 09:32 am

Business Desk :
Islami Bank Bangladesh Limited (IBBL) arranged an orientation programme to 131 newly appointed probationary officers at Mohammad Younus Auditorium of Islami Bank Tower on Sunday.
IBBL Managing Director and CEO M Abdul Hamid Miah was present at the programme as the chief guest while deputy managing directors -- M Habibur Rahman Bhuiyan, Abdus Sadeque Bhuiyan, Shamsuzzaman, Mohammad Monirul Moula, Abu Reza, M Yeahia and Taher Ahmed Chowdhury -- attended as special guests.

news:new nation/19-2017

NRB Bank Limited organized a day long training program on "Prevention of Trade Based Money Laundering and Terrorist Financing" at the bank's head office in the city on Saturday. High officials of the bank were present.

Posted by BankInfo on Mon, Jun 19 2017 09:21 am

NRB Bank Limited organized a day long training program on \"Prevention of Trade Based Money Laundering and Terrorist Financing\" at the bank\'s head office in the city on Saturday. High officials of the bank were present.

news:new nation/19-jun-2017

'Best' bank put in a sticky stew

Posted by BankInfo on Sun, Jun 18 2017 11:05 am

By all indicators it was deemed to be the best performing bank in Bangladesh, posting a profit of Tk 2,300 crore last year, leaving any other private bank far behind. 

However, that could not rid the bank of its ill repute—that it was a de facto bank of Jamaat-e-Islami, the Islamist bank. Its top man was Abu Naser Md Abduz Zaher, Jamaat's key man who fled the country when the war crimes trial got momentum, and its main funder was war criminal Mir Qashem Ali, who had to walk the gallows for his crimes in 1971.

There were allegations raised in the US Senate that an Islamic terrorist, Abdur Rahman, had an account with the bank, a claim that the bank later refuted.

Its political façade notwithstanding, the bank worked as a good financial intermediary.

So when the government started a process to 'cleanse Jamaat's influence' from the bank in June 2016, the move did not cause much heartache to many.  What was surprising was the way it was executed.

In quick sweep, the bank's chairman, vice-chairman and managing directors were forced to pack bags and leave.  A former secretary, Arastoo Khan, was appointed as the head of its board. He was appointed on behalf of an obscure company, Armada Spinning Mills Ltd, from Chittagong. 

Whatever may have been the credentials of the company, Khan is a well-known bureaucrat and so his appointment did not cause much stir. But the mystery remained about how and why Armada got Islami Bank in its sight, bought its shares and positioned its man at the top of the board.

The latest appointment of former Anti-corruption Commission member Shahabuddin Chuppu to the board, however, has generated a lot of curiosity. Again, a little known firm, JMC Builders of Chittagong, bought shares and lobbed its man, Chuppu, to the board even though Chuppu claimed to have no connection with any builders company and having “no interest to know the details about it [JMC Builders].”

All these ongoing reorgs have raised new concerns about the future of the bank. A bank is a sensitive entity that survives on sound management and its depositors' trust.  Such a 'takeover' of the bank by unknown companies and appointment of directors by those companies may make depositors jittery. A pertinent question here is whether the Bangladesh Bank should have scrutinized the new owners of the bank before authorising the changes. After all, a bank is not like any other institution.

It becomes a matter of acute concern when one recalls what happened to banks like BASIC and Oriental bank.  Oriental is a dismal history and the directors have drained the bank out. Basic Bank, one of the strongest state-owned banks in Bangladesh, also became victim of scams and everybody, including the regulators, sat on their hands until the job was complete.

The current atmosphere of the banking system does not inspire much confidence. The Centre for Policy Dialogue in a report in May this year has said the banking sector has become a growing malignancy for the economy with non-performing loans, lack of governance and corruption.  The ambition of high growth with such a weak banking system is oxymoronic.

More and more loans are going bad. In the last one year, default loans have gone up by Tk 11,000 crore. The status of bad loan realisation is abysmally low with only 5.5 percent recovery rate. This only means the good borrowers are being penalised.

When the banking system is in disarray, we can hardly afford another bank going the wrong way.

news:daily star/18-jun-2017

NCC Bank holds risk management committee meeting

Posted by BankInfo on Sun, Jun 18 2017 10:55 am

NCC Bank risk management committee Chairman Md Nurun Newaz Salim presides over a meeting at its boardroom at NCC Bank Bhaban in the capital recently.

NCC Bank Limited organised a meeting of the risk management committee of the bank at its boardroom at NCC Bank Bhaban in the city recently.

  Chairman of the risk management committee of the bank Md Nurun Newaz Salim presided over the meeting, said a press release.

Members of the committee Abdus Salam, SM Abu Mohsin, Yakub Ali Montu and Managing Director and CEO (CC) Mosleh Uddin Ahmed attended the meeting.

news:daily sun/18-jun-2017

Islami Bank holds discussion

Posted by BankInfo on Sun, Jun 18 2017 10:40 am

Islami Bank Bangladesh Chairman Arastoo Khan presides over a discussion on ‘Role of Ramadan in Attaining Taqwah’ at a hotel in the capital on Thursday.

Islami Bank Bangladesh Limited organised a discussion on ‘Role of Ramadan in Attaining Taqwah’ at a hotel in the capital on Thursday.


Chairman of the bank Arastoo Khan presided over the programme while shariah supervisory committee Member Dr.Mohammad Manzur-E-Elahi presented the key-note paper, said a press release.

Islami Bank shariah supervisory committee Vice-Chairman Mufti Sayed Ahmed discussed on the topic. Islami Bank Vice-Chairman Md. Shahabuddin, Islami Bank Foundation Chairman Sayed Manjurul Islam and Islami Bank Executive Committee Chairman Major Gen (Retd.) Engr Abdul Matin addressed the function.


Islami Bank Managing Director and CEO Md Abdul Hamid Miah delivered the welcome speech. Judges, diplomats, senior lawyers, other directors of the bank, industrialists, businesspersons, senior bankers, journalists, intellectuals, educationists, ulema and social elites attended the programme.

news:daily sun/18-jun-2017
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