United Commercial Bank Ltd (UCB), as the lead arranger for the fund disbursement for financing a 50 MW independent power generation plant namely Baraka Patenga Power Limited raised $ 21.975 million  under the Investment Promotion and Financing Facility (IPFF) of Bangladesh Bank (BB). A Fund Disbursement program was arranged at a local hotel in Dhaka on Tuesday. BB Governor Dr. Atiur Rahman graced the event as Chief Guest. UCB raised the fund under the Investment Promotion and Financing Facili...

Mobile phone operator Robi Axiata Limited has settled subscribers’ insurance claim in Noakhali recently. Md. Sultan Ahmed received the insurance cheque from Robi amounting BDT 32,000. He is the nominee of Late Abdul Latif, Mojumdar Bari, Ibrahimpur, Senbag, Noakhali. Robi has introduced the Life insurance offer for its prepaid subscribers last year. Subscribers can registrar for this service by dialing *1216*1# or through the agent of Milvik. A fixed amount will be deposited in...

Dutch-Bangla Bank Limited (DBBL) has organized a day-long workshop for the refreshers on Prevention of Money Laundering and Combating Terrorist Financing. K.S. Tabrez, Managing Director of the Bank was present as the Chief Guest and inaugurated the workshop on January 18, 2014 held at the Bank’s Training Wing in the capital. The workshop aimed at familiarizing the participants with the updated and changed aspects of Money Laundering and Terrorism Financing. Different resource persons an...

State owned scheduled bank BASIC Bank Limited has recently donated 30,000 pcs of blankets to the Prime Minister’s relief fund for distribution of the same among the cold stricken poor people of the country under Corporate Social Responsibility (CSR). At an occasion at Prime Minister’s office, these blankets were handed over to the Prime Minister Sheikh Hasina by the Chairma...

Bank Asia has signed an agreement with Software Shop Ltd (SSL Wireless), a leading mobile solution provider in the country to facilitate customers of the Bank enjoy convenience of online shopping through e-commerce payment. Aminul Islam, Managing Director (Current Charge) of the Bank, and Sayeeful Islam, Managing Director of Software Shop Limited inked an agreement on behalf of respective sides at a function held at Corporate Office of the ...

The Shariah Committee of Alliance Capital Asset Management Limited (ACAML) met for the first time on Sunday at the Board Room of ACAML with renowned Islamic banking scholar M. Azizul Huq in the chair. Huq, who is the former Executive President of Islami Bank Bangladesh and former Managing Director of Social Islami Bank, is the Chairman of Shariah Supervisory Committee of The City Bank, Dhaka Bank and Pubali Bank. He is also a member of Shariah Supervisory Committees of a number of banks and financial institutions.