News Briefs (21-06-2019)

Mercantile Bank
AGM approves
15pc stock div
The 20th annual general meeting (AGM) of the Mercantile Bank Limited was held at a city hotel on Thursday. The meeting approved the profit & loss A/c, balance sheet as on December 31, 2018 and 15 per cent stock dividend, with AKM Shaheed Reza, Chairman of the Board of Directors of the bank, in the chair. Managing Director & CEO Md Quamrul Islam Chowdhury delivered the welcome speech at the AGM. — Statement
Shahjalal Islami
Bank signs MoU
with Transcom
Shahjalal Islami Bank Limited signed a memorandum of understanding (MoU) with Transcom Electronics Limited at the bank's corporate head office in the city on Thursday. In presence of Managing Director & CEO of the bank M Shahidul Islam, SVP & Head of Card Division Md Marufur Rahman Khan and Deputy General Manager (DGM) of Transcom Electronics Shib Pada Dey signed the agreement. As per the MoU, all credit card holders of Shahjalal Islami Bank can purchase different types of electronics goods at zero percent profit rate for different tenures such as three to 12 months.
— Statement
Midland Bank
marks sixth
anniversary
The Midland Bank Limited (MDB) completed the sixth year of its commercial operation. On the occasion, Md Ahsan-uz Zaman, Managing Director of the bank, along with senior officials cut a cake at the board room of the bank's Head Office at Gulshan in the city on Thursday. The bank has introduced two new products -- MDB Digital Savings and MDB Digital Probashi Savings Account -- on the occasion of the bank's sixth anniversary. — Statement