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Banking

10 more banks sign for green transformation fund

Bangladesh Bank (BB) has signed separate agreements with 10 more private banks to facilitate fund for a long-term financing under the "Green Transformation Fund for Export-oriented Textile and Textile Products and Leather Manufacturing Industries". Under the deals, the ten banks - Al-Arafah Islami Bank Limited, Bank Asia Limited, Exim Bank bbLimited, Modhumoti Bank Limited, Mutual Trust Bank Limited, NCC Bank Limited, NRB Bank Limited, Dhaka Bank Limited, South Bangla Agriculture and Commerce Bank Limited and Trust Bank Limited - woul...

Islami Bank’s explanation on published reports

Some recently published newspaper reports about Islami Bank Bangladesh Limited has drawn our attention. The fact and the Bank’s statements in this regard are as follows: Notice of a meeting of the Board of Directors of the Bank are provided to all directors local and foreign regular and timely complying to all the country's existing laws, regulatory rules and in accordance with the Bank's articles of association. As soon as giving of the notice, documents/memos regarding the meeting are provided to the directors via intra-web and are IBBL

IBBL to continue Shariah principles

Islami Bank Bangladesh Limited (IBBL) shall continue its Shariah principles and fundamental values. It will apply Zero Tolerance Policy regarding compliance of Islamic Shari`ah. Recruitment will be done through experienced, neutral and professional institution on the IBBLbasis of merit and qualification irrespective of caste and creed including the wards of freedom fighters. Besides, more female employees will be recruited for women empowerment. Employee salary structure will be revised with increasing in comparison with other ban...

IBBL gets 4 new DMDs

Islami Bank Bangladesh Limited has promoted its four Executive Vice Presidents to Deputy Managing Directors. They are Mohammed Monirul Moula, Mohammad Mohon Miah, Mohammad Ali and Abu Reza Md. Yeahia. Mohammed Monirul Moula has been heading the Bank's Corporate Investment Division-II. He joined Islami Bank in 1986 as a Probationary Officer and served in its branches, zones and Head Office in different capacities. He obtained Masters Degree with Honors in Economics from pomotion_dmd_10-01-2017C...

Bangladesh expats urged to use legal remittance options

UAE Exchange, a leading global remittance, foreign exchange and payment solutions brand, has launched a new social awareness drive to encourage the use of legal channels for sending money home among the Bangladeshi expatriates in the UAE. The campaign named ‘Amar Bangladesh’ (My Bangladesh) stands out for its message: “Sothik pothey pathai taka, Sochol rakhi desher chaka’’, which means “We send money legally which contributes to the development of my country”. Supported by the Ministry of Expatriates’ Welfare and Overseas Employment of Bangladesh and

BAFEDA new body formed

The election of Office Bearers (Executive Committee) for next term for the years 2017 and 2018 of Bangladesh Foreign Exchange Dealers’ Association (BAFEDA) was held on 28 December 2016 in the conference room of the Association (on 11th floor of Eastern Commercial Complex), 73, Kakrail, Dhaka. Mr. Mohammed Nurul Amin, Managing Director & CEO of Meghna Bank Ltd. was unanimously bafeda-7re-elected as Chairman of BAFEDA. Mr. Md. Abdus Salam, CEO & Managing Director of Janata Bank Limited and Mr. Md. Ataur Ra...