Mutual Trust Bank Ltd. (MTB) has recently launched four (4) new retail loan products viz., Personal loan, Auto Loan, Home Loan and Home Equity Loan for individual customers. Anis A. Khan, MTB Managing Director & CEO, launched the new MTB products at a simple ceremony held on December 2, 2010 at MTB Centre, Gulshan in Dhaka. Among others, MTB Deputy Managing Director Md. Ahsan-uz Zaman, Head of Business – Retail Banking Gazi Yar Mohammed and other MTB senior officials were present at the event. A press conference was also arranged where the objectives of launching the products and the features thereof were explained to a large number of journalists from the print and electronic media. "MTB is gradually diversifying its products and services with tailor-made features catering to the changing needs of the market and launching of these four new retail loan products is the manifestation to this endeavor" said MTB Managing Director & CEO Anis A. Khan while addressing at the event.

All the four loan products have been designed with competitive features and meant for salaried individuals, businesspersons, landlords, self employed professionals like practicing doctors, architects, engineers, Chartered Accountants, consultants and IT professionals.

Earlier on November 29, 2010, MTB organized a day long orientation program for its Direct Sales Executives (DSE) at which MTB vision and mission, code of conduct, product features and fundamentals of direct sales were presented to the sales team to enable them to present the products to individual customers in an effective manner.

The photo shows Anis A. Khan, Managing Director & CEO of Mutual Trust Bank Ltd. (MTB), launching four (4) new retail loan products of the bank at a simple ceremony held on December 2, 2010 at the Corporate Head Office of the bank at MTB Centre, Gulshan in the city. Among others, MTB Deputy Managing Director Md. Ahsan-uz Zaman, Head of Business – Retail Banking Gazi Yar Mohammed and other senior officials of the bank are also seen.

Source: http://www.mutualtrustbank.com/info_news_details.php?newsid=524

The present traditions of banks are now being changed, the banks now run for the retail customers besides the corporate customers. Moreover the number of banks and their branches in every city is increasing day by day so at present every bank tries to knock in every single person of each city. In our country a good number of the people are middle class, to meet their need every bank try to reach this class of people with the variety of segmented loans. Like the other banks, Prime Bank retail loans help the middle income group and help them to fill there desire and give theme a new way to live. Prime Bank retail loan include the house hold durable loans, education loan, car loan, any purpose loan, marriage loan, advance against salary, hospitalization loan, travel loan, doctors loan, CNG conversion loan with a simple condition. For getting the consumer loan from the Prime Bank, one may need to fill the application form and also required the other documents, after that no inquire is needed for the loan and the customers can get the loan with in the shortage possible time. The first stage of credit assessment and approval process is a customer application. The application must provide adequate information to enable the bank to assess the credit. As a minimum, the application must request for sufficient information to verify the existence of the individual and to facilitate the collection effort, including skip tracing and security checks. The information in the application must also established “Know your Customer” (KYC). Specific information should include;

- Telephone and address contact details
- Employment/business details.
- Income details
- Income & Expenditure Statement
- Personal Net worth Statement
- Residence details
- Credit references and guarantors details

All application must be checked for complete information so that initial review of the application enables the selection of better proposal for accelerated processing and quick reflection of those that do not meet minimum criteria of the product. However, application should not be rejected purely on the basis of incomplete information if the proposal merits consideration appropriate follow up should be initiated. After the application the bank officers scrutinizes the applications, than after the assessment the loan proposal is sent to the head office to check and approved the loan. After satisfaction of the application the higher authority approved the loan and sent it to the specific branch to conduct the next process.

The loan is sanction to the customer by the branch after completing the disbursement process. And to complete the whole process the Prime Bank takes a few days which may be the model for the others. The interest of the consumer loan in between 15% to 18% and the any purpose loan of the Prime Bank gives the freedom to the customers to use the amount in any purpose. More over the variety of the segmentation of the Prime Bank’s retail loan and overall performance makes them to become one of the most successful bank of Bangladesh with in the short time.

- Article Written By: Md. Mahfuzur Rahman, BankInfoBd

Eastern Bank Limited (EBL) has signed an agreement recently with Comlink Infotech Limited regarding Mobile Banking. Through this agreement Comlink Infotech will help to upgrade EBL with the Mobile Banking and Payment Gateway services. Managing  Director and Chief Executive of EBL Mr. Ali Reza Iftekhar and Managing Director of Comlink Infotech Limited Mr. Amzad H. Khan have signed the agreement in their own organization. Other senior officers from these two organizations were present during the occasion.

Mr. Amzad H. Khan said that this agreement will help the EBL consumers to do all kind of transactions safely from all over the country (includes money transfer faciltiy, shopping etc), using Mobile Phone and Personal Digital Assistant (PDA). They will get every facility of e-commerce in this venture. Comlink Infotech Limited is a sister concern of PSTN Operator Bangla Phone.

Source: Prothom Alo, 02 Dec 2010/Press Release       

Shahjalal Islami Bank Limited has launched their 54th branch of SME or Agri branch activity recently in Valuka of Mymensing. Director and Ex-Chariman of the bank Mr. Akkas Uddin Mollah has inaugurated the bracnh as a chief guest. Mr. Mukhtar Hossen, Managing Director of the bank chaired the inaugural ceremony.

Mr. Syed Nurul Arefin, director of the bank; chariman of Valuka Sub-district council Kazim Uddin Ahmed, chairman fo Valuka market co-operative society Mr. Mokhlesur Rahman and Ex-Chariman of BRDB Mr. Ali Asgar shared their ideas and views in the program .

Two different agreements regarding mobile banking and e-commerce have been signed between Dutch-Bangla Bank Limited (DBBL) and mobile phone operator Pacific Bangladesh Limited (CityCell). Chief Executive Officer (CEO) of CityCell Mr. David Lee and Assistant Managing Director of DBBL Abul Kashem Mo. Shirin signed these two agreements for their own company yesterday in the Head office of CityCell at Mohakhali.

In this ceremony Chief of DBBL card division Mr. Moinuddin Ahmed, Chief of Mobile Banking Mr. Mir Mominul Hoque, Chief Marketing Manager of CityCell Mr. Kafil H.S. Muid, Chief Sales and Distribution Executive of CityCell Mr. Mahbub Hossen and Ahmed Arman Siddique, Manging Director Mr. Nasiruddin and many other senior officers were present. 

Through this mobile banking agreement DBBL will facilitate the remote places with banking facility with the help of CityCell network and their agents.

Source: Press Release/Prothom Alo/23 Nov 2010