Bankers term 2011
Saturday, 31 December 2011
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year for the banking sector, especially for introducing mobile banking in the country."
"The vast majority of people, who so far remained beyond the coverage of the traditional banking system, would get complete banking facilities through their mobile sets from now on. It is an extra-ordinary initiative of the central bank," he also said.
Head of mobile banking of Dutch-Bangla Bank Ltd (DBBL) Mir Mominul Huq said: "The response from the bank clients is very positive, as they are doing banking transactions from any place, anytime through their mobile sets."
"More than 70,000 people have opened their accounts through mobile sets from May 2011, and mobile banking would make a great contribution to the country's economy in future," he added.
Deputy managing director of Eastern Bank Ltd (EBL) Muklesur Rahman told the FE: "A significant number of students have already linked themselves with the School Banking, which would help them achieve higher education, if they meet any fund shortage in future."
"The BB should have directed all the commercial banks to launch the School Banking many years ago. The system, launched this year, has proved that the students are very enthusiastic about savings," he added.
Deputy managing director of Social Islami Bank Ltd (SIBL) A M M Farhad said: "I have never seen such rapid changes in the banking sector as in 2011 since the beginning of my career, following issuance of a number of guidelines by the central bank."
"All the guidelines are important for the country, especially those regarding various environment-friendly schemes, like - the financing of solar energy, bio-gas and ETP, as Bangladesh is in the most vulnerable position in the wake of climate change and subsequent natural disasters," he also said.
Up to October 2011 the banks have invested Tk 0.17 billion in the environmental-friendly schemes, the BB sources said.
All the guidelines issued from the central bank in 2011 are important, but the directives emphasising corporate social responsibility (CSR) activities of the banks is more important, a high official of the DBBL told the FE.
According to the BB data, the banks spent Tk 3.91 billion in 2010 for CSR activities, whereas it was only Tk 0.55 billion in 2009.
"The BB's SME guideline is truly praiseworthy for a developing country like Bangladesh, every bank should strictly maintain it," managing director of BRAC Bank Syed Mahbubur Rahman told the FE.
"If all the banks invest properly in the potential sectors under their SME financing umbrella, the country's economy will be changed soon," he added.
In 2011 the farmers have been able to avail modern banking facilities by opening an account at a cost of Tk 10 only, which is also an extra-ordinary phenomenon for the country's banking sector, the bankers added.
Almost 9.5 million farmers have taken the opportunity in the year, the BB data said.
year for the banking sector, especially for introducing mobile banking in the country."
"The vast majority of people, who so far remained beyond the coverage of the traditional banking system, would get complete banking facilities through their mobile sets from now on. It is an extra-ordinary initiative of the central bank," he also said.
Head of mobile banking of Dutch-Bangla Bank Ltd (DBBL) Mir Mominul Huq said: "The response from the bank clients is very positive, as they are doing banking transactions from any place, anytime through their mobile sets."
"More than 70,000 people have opened their accounts through mobile sets from May 2011, and mobile banking would make a great contribution to the country's economy in future," he added.
Deputy managing director of Eastern Bank Ltd (EBL) Muklesur Rahman told the FE: "A significant number of students have already linked themselves with the School Banking, which would help them achieve higher education, if they meet any fund shortage in future."
"The BB should have directed all the commercial banks to launch the School Banking many years ago. The system, launched this year, has proved that the students are very enthusiastic about savings," he added.
Deputy managing director of Social Islami Bank Ltd (SIBL) A M M Farhad said: "I have never seen such rapid changes in the banking sector as in 2011 since the beginning of my career, following issuance of a number of guidelines by the central bank."
"All the guidelines are important for the country, especially those regarding various environment-friendly schemes, like - the financing of solar energy, bio-gas and ETP, as Bangladesh is in the most vulnerable position in the wake of climate change and subsequent natural disasters," he also said.
Up to October 2011 the banks have invested Tk 0.17 billion in the environmental-friendly schemes, the BB sources said.
All the guidelines issued from the central bank in 2011 are important, but the directives emphasising corporate social responsibility (CSR) activities of the banks is more important, a high official of the DBBL told the FE.
According to the BB data, the banks spent Tk 3.91 billion in 2010 for CSR activities, whereas it was only Tk 0.55 billion in 2009.
"The BB's SME guideline is truly praiseworthy for a developing country like Bangladesh, every bank should strictly maintain it," managing director of BRAC Bank Syed Mahbubur Rahman told the FE.
"If all the banks invest properly in the potential sectors under their SME financing umbrella, the country's economy will be changed soon," he added.
In 2011 the farmers have been able to avail modern banking facilities by opening an account at a cost of Tk 10 only, which is also an extra-ordinary phenomenon for the country's banking sector, the bankers added.
Almost 9.5 million farmers have taken the opportunity in the year, the BB data said.