7:32 pm - Tuesday November 21, 2017

BASIC Bank organises seminar on Asset Securitisation

BASIC Bank Ltd in association with ADFIMI has organized a 3-day seminar “Asset Securitisation” at Ruposhi Bangla Hotel in the city on Monday.

Chairman of the BASIC Bank, Sheikh Abdul Hye Bacchu inaugurated the seminar as chief guest while Nuri Birtek, Secretary General, ADFIMI, Istanbul, Turkey welcome the participants and Dr. Bulent Gunceler, an eminent banker of Turkey, led the session as program manager.

Basic Bank Managing Director Kazi Faqurul Islam presided over the session and gave welcome speech, says a press release.

Shyam Sunder Sikder and Anis Ahamad, directors, Basic Bank were present in the inaugural ceremony as special guests.

Basic BankA total of 50 participants from different banks and financial institutions at home and abroad attended the seminar.

Kazi Faqurul Islam in his deliberation stated that BASIC Bank is one of the soundest banks of our country having recognition as specialized bank that invested 50 per cent of its loanable fund to develop small and medium scale industries.

The bank has 65 branches through which it is providing banking services to the door steps of the mass people. It provides financial and advisory support specially promising industrial entrepreneurs for development of industries and expansion of business and trade.

So far, we have financed more or less 4000 small and medium scale industries that are performing well and I do believe that member countries will benefit with sharing our experience in financing to industrial sector.

 

Sheikh Abdul Hye Bacchu in his speech said, by organizing such seminar for bondage and economic cooperation among the member countries of IDB would be consolidated further.

He mentioned that during the regime of the present government there come more changes in our banking sector.

The government instituted a number of development oriented financial institutions like, Karmashangsthan Bank for unemployed persons, Probashi Kalyan Bank aiming to finance to those who seek overseas employment.

Apart from the above, to streamline the helpless women as per advice of the government, Bangladesh Bank has introduced Women Enterprise loan through which women entrepreneurs get loan at a privilege rate without collateral at certain level.

The government through the central bank instructed all commercial banks including the foreign banks, to invest 2 per cent of their loanable fund in agriculture sector. That results in country’s success to achieve food sufficiency and security.

Other speakers in their deliberation stressed and emphasized on importance and implication of asset securitization in the bank and financial institutions. They opined that through open discussion and exchanging views and sharing experience in application and output of this financial derivative, the participants would be beneficial.

Among others, Deputy Managing Directors, General Mangers, Deputy General Mangers and high officials of the bank and other dignitaries were present on the occasion.

Md Ruhul Alam, General Manger of the Basic Bank conducted the session as moderator.


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