EXIM Bank distributes stipends to 70 students
FE Report | Sunday, 15 June 2008
At least 0.1 million poor students of the country can have opportunities to obtain higher degrees if financial organisations spend one per cent of their yearly profit to support their studies, said BAB chief Saturday.
BAB (Bangladesh Association of Banks) president, Nazrul Islam Mazumder, said this while distributing EXIM Bank Ltd's education stipend among 70 students of Dhaka region in the city.
Abdul Mannan, Abdullah Al Zahir, Md Shahidullah, members of the board of directors, and Masihur Rahman, managing director, of EXIM Bank Ltd, among others, were present on the occasion.
EXIM Bank Limited, established in 1999, migrated all of its conventional banking operations into Shariah based Islami banking since July, 2004, according to information available at the bank's website.
It said the authorised capital and paid up capital of the bank are Tk 1000.00 million and Tk 313.87 million respectively.
Mr Mazumder, also chairman of the board of directors of EXIM Bank Ltd, said they would provide financial support only to those students who did not have political affiliation.
"We will stop providing financial support to the students who will involve them with politics."
As part of corporate social responsibility, EXIM Bank Ltd launched a project in 2006 to bear educational expenses of students studying in class IX to the masters' level.
Under the project, a total of 70 students from 14 educational institutions including Dhaka University, Dhaka Medical College, and Bangladesh University of Engineering Technology and six GPA five recipients Saturday received stipend cheques from the Bank's chairman.
The amount of stipend for school level students was Tk 7,500 each while those of collage and for varsity-level students it was Tk 15,000 each.
BAB (Bangladesh Association of Banks) president, Nazrul Islam Mazumder, said this while distributing EXIM Bank Ltd's education stipend among 70 students of Dhaka region in the city.
Abdul Mannan, Abdullah Al Zahir, Md Shahidullah, members of the board of directors, and Masihur Rahman, managing director, of EXIM Bank Ltd, among others, were present on the occasion.
EXIM Bank Limited, established in 1999, migrated all of its conventional banking operations into Shariah based Islami banking since July, 2004, according to information available at the bank's website.
It said the authorised capital and paid up capital of the bank are Tk 1000.00 million and Tk 313.87 million respectively.
Mr Mazumder, also chairman of the board of directors of EXIM Bank Ltd, said they would provide financial support only to those students who did not have political affiliation.
"We will stop providing financial support to the students who will involve them with politics."
As part of corporate social responsibility, EXIM Bank Ltd launched a project in 2006 to bear educational expenses of students studying in class IX to the masters' level.
Under the project, a total of 70 students from 14 educational institutions including Dhaka University, Dhaka Medical College, and Bangladesh University of Engineering Technology and six GPA five recipients Saturday received stipend cheques from the Bank's chairman.
The amount of stipend for school level students was Tk 7,500 each while those of collage and for varsity-level students it was Tk 15,000 each.