11:32 am - Friday February 21, 2020
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NRBCB opens branch at Khulna

Khulna 1 br
The 31st Branch of NRBC Bank (NRB Commercial Bank Limited) was inaugurated at KDA Avenue, Khulna on Tuesday. Khulna 1 brEngr. Farasath Ali, Chairman of the Bank, inaugurated the Branch attended among others by the Alternate Directors Prof. Syed Shahjahan, Mr. A K M Mostafizur Rahman, Mr. A M Saidur Rahman & Dr. Rafiqul Islam Khan. Managing Director and CEO of the Bank Mr. Dewan Mujibur Rahman and Managing Director of West Zone Power Dev. Co. Ltd. Engr. Md. Shafique Uddin. Among others present were Senior Executive Vice President Mr. A...

The World Bank has accountability problem

In April members of impoverished fishing and farming communities near the Tata Mundra coal-fired power plant in Gujarat, India, filed a lawsuit in Washington, D.C., against the World Bank Group’s private lending arm, the International Financial Corp. (IFC), which funded the project, seeking remedies for harms to their environment, livelihood and health. The IFC is asking the district court to dismiss the suit, claiming absolute immunity for harms caused by the project, which would leave the plaintiffs without an effective avenue of redress. “The IFC’s defense boils down to this: ‘We are above the law,’” Rick Herz, the litigation coordinator for the human rights and environmental advocacy group EarthRights

Banks’ profit eroded by bad loans

A Financial Stability Report for 2014 has been released by the Bangladesh Bank, the nation’s central bank, and a key outcome of it is that high non-performing loans (NPLs) eroded the earnings of banks last year. The report says that return on asset and return on equity, the two major indicators used to measure a bank’s profitability, decreased by 20 and 260 basis points to 0.7 and 8.1 percent respectively from a year ago. The rise in NPLs last year forced banks to set aside a major portion of their profits for bb-logoprovisioning, the Daily Star quot...

SJIBL 219th Board Meeting held

219 Board Meeting Photo
The 219th meeting of the Board of Directors of Shahjalal Islami Bank Limited (SJIBL) was held at its Boardroom recently. The meeting was presided over by the Chairman of the Board of Directors Mr. A. K. Azad. 219 Board Meeting PhotoThe board approved a number of investment proposals and discussed various issues relating to policy matters of the Bank. Among others, Vice-Chairmen of the Board Alhaj Mohammad Younus and Alhaj Md. Abdul Barek,  Directors Alhaj Akkasuddin Mollah, Alhaj Engineer Md. Towhidur Rahman,  Alhaj Md...

PBL honours exchange cos’ agents

Ramadan Kareem
The International Division of Pubali Bank Ltd (PBL) arranged an Iftar Party in Honour of Representatives of different Exchange Companies in Bangladesh in Ramadan. Ramadan KareemManaging Director of Pubali Bank Ltd Md. Abdul Halim Chowdhury, Deputy Managing Director Safiul Alam Khan Chowdhury, Chief Financial Officer and General Manager Sayeed Ahmed FCA and General Manager of International Division Md. Hasan Ali were present as guests with the invited representatives at the party. DGM Md. Ataullah Siddiqui and Mohammad Shahadat Hossain o...

Ifter Mahfil at IBBL FX Corporate Branch

Islami Bank Bangladesh Limited (IBBL) Foreign Exchange Corporate Branch organised a discussion on ‘Role of Ramadan in purifying wealth and soul’ and Ifter Mahfil at Mohammad Younus Auditorium of Islami Bank Tower on July 13, 2015 Monday. DSC_0149Mohammad Abdul Mannan, Managing Director of the Bank addressed the function as chief guest. Presided over by Mohammad Giasuddin Ahmed, Executive Vice President & Head of Branch the program was presented discussion on the topic by Dr. Mohammad Abdus Samad, member of Shariah Supervisory Committee of the b...