NRB Branch of Janata Bank inaugurated
Tuesday, 16 December 2008
FE Report
Finance Adviser Dr. A.B. Mirza Azizul Islam Monday inaugurated the NRB (Non Resident Bangladeshis) Branch of Janata Bank Limited for facilitating the inflow of remittance by the Bangladeshi expatriates.
The branch is the 849th branch of Janata Bank, but first of its kind in the country with full online facilities exclusively for NRBs across the world.
Inaugurating the branch, the Finance Adviser called upon the banks to take initiative to provide improved services to Bangladeshi expatriates who are contributing to national economy by sending remittances to the country.
Urging the banks and financial institutions to provide collateral-free loans to the Bangladeshis working in other countries, he said, most of the Bangladeshi expatriates are engaged in manual labour abroad and they earn their livelihood.
Appreciating the Janata Bank initiative, he said such special services to the Bangladeshis working abroad will reduce their sufferings in the county and will also encourage them to take part in national development activities.
Laying emphasis on proper utilization of huge remittances, Mirza Aziz said, the wage earners should be encouraged to invest in agricultural sector, small and medium enterprises (SME) and labour-intensive industry in the country.
Regarding the performances by the Janata Bank Limited, the adviser said, I have gone through the progress reports on three state-run banks. Of these, the Janata Bank made a remarkable progress in last nine months.
Chairman of Janata Bank Suhel Ahmed Choudhury said, "We have planned to float shares by 2009. I think the NRBs would find it attractive. We also like to start Merchant Banking operation within a short time.
He said Janata Bank is about to launch Islami Banking initially through five branches and received permission from the central bank in this connection.
The new branch is located at 48, Mothijheel commercial area in Dhaka and it will be initially linked-up through online with three booths situated at Dhanmondi, Banani and Uttara in the capital.
Secretary of Finance Division Dr. Mohammad Tareque and Executive chairman of Board of Investment Kamaluddin Ahmed also spoke.
Finance Adviser Dr. A.B. Mirza Azizul Islam Monday inaugurated the NRB (Non Resident Bangladeshis) Branch of Janata Bank Limited for facilitating the inflow of remittance by the Bangladeshi expatriates.
The branch is the 849th branch of Janata Bank, but first of its kind in the country with full online facilities exclusively for NRBs across the world.
Inaugurating the branch, the Finance Adviser called upon the banks to take initiative to provide improved services to Bangladeshi expatriates who are contributing to national economy by sending remittances to the country.
Urging the banks and financial institutions to provide collateral-free loans to the Bangladeshis working in other countries, he said, most of the Bangladeshi expatriates are engaged in manual labour abroad and they earn their livelihood.
Appreciating the Janata Bank initiative, he said such special services to the Bangladeshis working abroad will reduce their sufferings in the county and will also encourage them to take part in national development activities.
Laying emphasis on proper utilization of huge remittances, Mirza Aziz said, the wage earners should be encouraged to invest in agricultural sector, small and medium enterprises (SME) and labour-intensive industry in the country.
Regarding the performances by the Janata Bank Limited, the adviser said, I have gone through the progress reports on three state-run banks. Of these, the Janata Bank made a remarkable progress in last nine months.
Chairman of Janata Bank Suhel Ahmed Choudhury said, "We have planned to float shares by 2009. I think the NRBs would find it attractive. We also like to start Merchant Banking operation within a short time.
He said Janata Bank is about to launch Islami Banking initially through five branches and received permission from the central bank in this connection.
The new branch is located at 48, Mothijheel commercial area in Dhaka and it will be initially linked-up through online with three booths situated at Dhanmondi, Banani and Uttara in the capital.
Secretary of Finance Division Dr. Mohammad Tareque and Executive chairman of Board of Investment Kamaluddin Ahmed also spoke.