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June 2015

Time-frame extended by 1 year to revitalise stock market

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Bangladesh Bank (BB) extended the time- frame by one year for adjustment of “single borrower exposure limit” by the commercial banks for financing the operations of their brokerage houses and merchant banks. BB’s initiative came as a year-end initiative to revitalise the share market by allowing banks maintain their higher stock market exposure for one more year, which will help maintain a steady demand on the market, reports BSS. bbThe central bank in a circular on Monday said that subsidiaries of banks cr...

Economy remain resilient in 2013: BB

The country’s economy remained resilient in 2013 despite political instability, mainly due to the positive growth of the export, import, remittance and foreign reserve, Bangladesh Bank (BB) disclosed through a press release on Monday. Amidst the ongoing world recession and political instability across the country, the national economy and the banking sector were in positive growth in 2013 except for the third quarter of the year, the central bank claimed, reports the Independent. The positive growth of many economic indicators is still comfortable for the national economy and has also helped the economy remain resilient in 2013, BB said. ...

DBBL opens branch at Dumni in capital

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Dutch-Bangla Bank Ltd (DBBL) has opened its 136th Branch at Dumni (Dumni Bazar, Khilkhet, Dhaka) on Monday. KS Tabrez, Managing Director of the bank formally inaugurated the Dumni Branch. A Milad Mahfil on the occasion was held seeking blessings of the Almighty Allah for successful operation of the branch, prosperity of the business community, depositors and stakeholders of the bank. Pic of the eventDutch-Bangla Bank provides a wide range of banking products and finan...

Robi settles insurance claim

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Mobile phone operator Robi Axiata Ltd has settled a subscriber's insurance claim in Mymensingh. Robi subscribers Md. Liton Miah received a cheque from Sayed Ashraf Uddin, Regional Manager, Mymensingh recently. photoThe cheque was handed over at Regional Robi Seba office, HarunTower, Mymensingh. Azizul Haque, a Robi BIMA client, died on 01 June, 2013. He nominated Md. Liton Miah, his son, as nominee of the insurance. Robi handed over Tk. 28,000 as per the insurance rule. Robi offered life i...

Green Delta signs for mobile phone insurance policy

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Green Delta Insurance Company Ltd has recently signed an agreement with Rialto Technologies Bangladesh Limited for Cellular Phone Contingency Insurance Policy. This is the first time a mobile phone insurance policy in our country has been launched. Under this policy, all the ‘Prestigio’ branded Smart phones and Tablet PCs sold by Rialto Technologies in Bangladesh will be insured by Green Delta upon buying the product. pic_press release_finalA Memorandum ...

Bank Asia opens new branch in Chittagong

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The 86th Branch of Bank Asia started operation at Bank Asia Bhaban, Agrabad in  Chittagong from Monday. Abdus Salam, Chairman of Chittagong Development Authority (CDA) formally inaugurated the new branch. Mohammed Roshangir, Deputy Managing Director and Chittagong Zonal Head of the Bank,  Mahbubul Alam, President, Chittagong Chamber of Commerce & Industries, DSC_6771Nasirul Hossain, Senior Executive Vice President of the bank and Md. Shahabullah, Executive Vice President and Head...