Mutual Trust Bank launches risk management unit
Sunday, 28 March 2010
FE Report
Mutual Trust Bank Ltd (MTB) has recently created a separate risk management unit (RMU) to focus on all the risk areas of the bank, said a press release.
SK Sur Chowdhury, general manager, department of offsite supervision, Bangladesh Bank, launched the unit at a simple ceremony at the bank's corporate head office in the city.
MTB Managing Director and CEO Anis A Khan, Deputy Managing Directors Quamrul Islam Chowdhury and Md Ahsan-uz Zaman, Chief Risk Officer and Head of the newly formed MTB Risk Management Unit Md Jahangir Alam and senior MTB officials attended the inaugural function.
SK Sur Chowdhury said that in the complicated world of business and especially after the recent financial meltdown, there was no alternative to integrated risk management system being introduced by banks in Bangladesh.
Anis A Khan said MTB was keenly interested in becoming one of the most compliant and sustainable banks in Bangladesh.
He said establishment of the RMU will be a great boost towards successful realisation of this endeavour.
He further said the new unit would establish an integrated risk management system within the organisation comprising credit risk, operational risk, market risk, etc in consonance with Basel-II guidelines and other national and international schools of thought on risk management.
Mutual Trust Bank is a leading new generation private commercial bank. The new generation PCB got listed on the country’s bourses in 2003.
Mutual Trust Bank Ltd (MTB) has recently created a separate risk management unit (RMU) to focus on all the risk areas of the bank, said a press release.
SK Sur Chowdhury, general manager, department of offsite supervision, Bangladesh Bank, launched the unit at a simple ceremony at the bank's corporate head office in the city.
MTB Managing Director and CEO Anis A Khan, Deputy Managing Directors Quamrul Islam Chowdhury and Md Ahsan-uz Zaman, Chief Risk Officer and Head of the newly formed MTB Risk Management Unit Md Jahangir Alam and senior MTB officials attended the inaugural function.
SK Sur Chowdhury said that in the complicated world of business and especially after the recent financial meltdown, there was no alternative to integrated risk management system being introduced by banks in Bangladesh.
Anis A Khan said MTB was keenly interested in becoming one of the most compliant and sustainable banks in Bangladesh.
He said establishment of the RMU will be a great boost towards successful realisation of this endeavour.
He further said the new unit would establish an integrated risk management system within the organisation comprising credit risk, operational risk, market risk, etc in consonance with Basel-II guidelines and other national and international schools of thought on risk management.
Mutual Trust Bank is a leading new generation private commercial bank. The new generation PCB got listed on the country’s bourses in 2003.