DBBL opens branch at Kapasia

Posted by BankInfo on Mon, Aug 11 2014 10:47 am

KS Tabrez, Managing Director of Dutch-Bangla Bank Limited, inaugurates the 137th branch of the bank at Kapasia in Gazipur on Sunday.

 Dutch-Bangla Bank Limited (DBBL) opened its 137th branch at Kapasia in Gazipur on Sunday.

KS Tabrez, Managing Director of the bank inaugurated the branch, said a press release.

The bank has provided a wide range of banking products and financial services including card services to its retail and corporate customers.

The new branch will provide on-line banking facilities to the clients.

The total number of the ATMs and Fast Track networks of the bank has stood at 2,560 and 295 respectively across the country, it was told.

DBBL has introduced Mobile Banking Services in 2011 for the first time in Bangladesh to bring huge number of un-banked population of the country particularly in rural or remote areas into banking channel. KS Tabrez said, “DBBL is a market leader in retail customer based deposit accounts which stands at 3.5 million now.”

He called upon local people and business community to avail the best services and on-line banking facilities by maintaining a bank account with DBBL, he added.

News:Daily Sun/11-Aug-2014

NBL holds Managers Conference of Dhaka City Branches

Posted by BankInfo on Sun, Aug 10 2014 01:57 pm

Dhaka- A branch manager’s conference has been held with the participation of 43 branch managers of Dhaka city and adjoining areas of National Bank Limited along with the concerned divisional heads at the training institute of the bank recently, informed in a press release. A K M Shafiqur Rahman, Managing Director & CEO was the chief guest and Md. Badiul Alam, Additional Managing Director, Abdul Hamid Mia and Syed Mohammad Bariqullah, Deputy Managing Directors and Forhad Ahmed Chowdhury, Sr. Executive Vice President were also present.
The managing director and other senior executives of head office thanked the managers for their business performance during the first half of 2014. Threadbare discussions were held in the conference for maximization of profit and for recovery of stuck-up loans. The managing director instructed the branch managers to gear up their efforts towards expansion of overall business activities of the branches.

News;Bangladesh Today/10-Aug-2014

Arab Bank Plc faces Hamas financing trial

Posted by BankInfo on Sun, Aug 10 2014 01:51 pm

Arab Bank Plc ARBK.AM goes on trial next week in New York over claims that it provided material support to the Palestinian group Hamas, in what one of the plaintiffs' lawyers said is the first terrorism financing case against a bank to go to trial in the United States.

Almost 300 US citizens who were the victims, or the family members of victims, of militant attacks allegedly committed by Hamas in Israel and the Palestinian territories between 2001 and 2004 sued the Amman, Jordan-based bank in 2004.

About 200 other plaintiffs in the lawsuit with claims against the bank stemming from attacks blamed on the al-Aqsa Martyrs Brigades and other groups have not yet gone to trial.

The plaintiffs accused the bank of violating the US Anti-Terrorism Act, which allows victims of US-designated foreign terrorist organizations to seek compensation. The US State Department designated Hamas a terrorist organization in 1997.

Arab Bank has said it did not cause or provide material support for the attacks.

US District Judge Brian Cogan, who is presiding over the case in Brooklyn federal court, has said the trial could last up to 60 days. Jury selection begins on Monday.

The bank could be liable for millions of dollars, said Gary Osen, a lawyer for the plaintiffs. He said this was the first terrorism financing case against a bank to go to trial in the United States.

The trial could be a guidepost for the other plaintiffs in the case, Osen said. Meanwhile, civil terror financing cases are pending against Bank of China Ltd (601988.SS) and Credit Lyonnais SA (CRLPp.PA) in Manhattan and Brooklyn federal court.

The plaintiffs' evidence will include bank records and newspaper advertisements showing that Arab Bank maintained accounts for Hamas operatives and processed payments for the families of suicide bombers, Osen said.

Arab Bank has said it will argue that of millions of transactions it processed during the period, only four processed in New York involved parties the United States had designated as terrorists, which it reported to US regulators who took no action.

In a statement issued on Tuesday, the bank said it "provided routine banking services in compliance with applicable counter terrorism laws and regulations, and had no intention of providing support to Hamas or any other known terrorist organization."

In 2012, US District Judge Jack Weinstein, in the same Brooklyn federal court, dismissed a similar case against the bank, saying plaintiff Mati Gill could not prove it was responsible for injuries sustained in 2008 from gunshots fired from Gaza into Israel.

Daniel Alonso, a managing director with compliance consulting firm Exiger and former prosecutor, said courts apply strict standards to claims for recovery under the Anti-Terrorism Act.

"It's not enough simply to have failed in your controls," said Alonso. "The defendant must have caused injury to the victims through their actions."

The case is Linde et al. v. Arab Bank, US District Court for the Eastern District of New York, No. 04-2799.

News:Dhaka Tribune/8-Aug/2014


SBL holds monthly business assessment meeting in Rangpur

Posted by BankInfo on Sun, Aug 10 2014 10:49 am

RANGPUR: The monthly divisional business assessment and views-sharing meeting for July- 2014 for officials of the principal, regional and corporate branch offices of Sonali Bank Limited (SBL) was held here on Friday.

General Manager of Rangpur General Managers’ Office AFM Ali Asgar presided over the meeting at his conference room in the city.

All regional chiefs, chiefs of all six principal offices, regional offices, corporate branches and senior officials of the SBL from all eight districts in Rangpur division participated.

The meeting assessed business achievements of all regional, corporate, principal offices and branches of the bank during the month of July last and put maximum emphasis on achieving all fixed business indexes during the current fiscal.

Expressing satisfaction on achieving the fixed business targets during the last fiscal, the General Manager asked the field level officials for achieving all set business targets of the bank during the current fiscal year.

He suggested for ensuring full proof security at the strong rooms of all 113 branches in Rangpur division as per directions of the Head Office of the bank and strengthening internal control and compliance in every branch.

The General Manager directed the SBL officials for having adequate knowledge about money laundering, increasing capitals and profits through providing best services, realising classified loans, disbursing loans in the agriculture, SME and other exploring prospective sectors for speeding up poverty alleviation activities.

News:Daily Sun/10-Aug-2014

EXIM Bank shifts Sylhet branch

Posted by BankInfo on Sun, Aug 10 2014 10:36 am

Dr. Mohammed Haider Ali Miah, Managing Director of EXIM Bank Limited, inaugurates a branch of the bank at a new location at Mujtaba Tower, Zinda Bazar in Sylhet on Saturday.

 EXIM Bank Limited shifted its Sylhet branch to a new location at Mujtaba Tower, Zinda Bazar in Sylhet on Saturday.

Dr. Mohammed Haider Ali Miah, Managing Director of the bank inaugurated the branch as the chief guest. Md. Fariduddin Ahmed, Adviser, M. Sirajul Islam and Md. Sirajul Haq Mia, Deputy Managing Directors as well as senior executives of Exim Bank and local elites were present at the programme.

News:Daily Sun/10-Aug-2014
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