Browse Tag

Bank

IBBL Jashore Zone holds business development conference

Jashore Zone of Islami Bank Bangladesh Limited organized Business Development Conference recently in a local Auditorium in Jashore. Mohammed Monirul Moula, Managing Director and CEO of the Bank addressed the conference virtually as Chief Guest. Muhammad Qaisar Ali, Additional Managing Director of the Bank addressed the conference as Special Guest. Mohammad Ullah & Md. Maksudur Rahman, Senior Executive Vice President, A S M Rezaul Karim, Executive Vice President and A M Shahidul Amran, Assistant Vice President of the Bank also addressed in the progra...

IBBL steps into 40th years

Islami Bank Bangladesh Limited, the first Shariah-based bank in South and Southeast Asia has stepped into 40 years with the highest deposit and investment portfolio in the country. This bank mobilizes one-third of the country's foreign remittance. Over the last 39 years, IBBL has been the largest financier in the country's import-export trade and SME investment. This bank is playing as a partner in national development through a wide network across the country with 6,000 plus units and state-of-the-art banking services. The information was disclosed at a discussion meeting held on Wednesday, March 30, 2022, at Islami Bank Tower on the occasion of its founding anniversary. Mohammed Monirul Moula, Managing Director & CEO of the bank addressed the program as chief guest. Muhammad...

NRBCB opens branch at Khulna

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

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...