News Briefs (20-09-2019)

M Mokammel Haque

MTB gets new independent director

M Mokammel Haque has recently been appointed as an independent director of Mutual Trust Bank Limited (MTB). Prior to his joining the MTB, Mr Haque was an independent director of Pioneer Insurance Company Limited. He also served as the chairman of Janata Insurance Company Limited from 1997 to 1998. He was also a director of Rupali Bank Limited from 1977 to 1980. Mr Haque served the Ministry of Education, Ministry of Land, Ministry of Commerce and Ministry of Health as a secretary. He also served the Export Promotion Bureau (EPB) as vice chairman, the Board of Investment (BOI) as executive chairman and the Programming and Socio Economic Infrastructure Division, Planning Commission, as a member. Currently, he is the chairman of Kabi Mozammel Haque Foundation and a member of Underprivileged Children Programme (UCEP).— Statement

President and Managing Director (CC) of AB Bank Sajjad Hussain (5th from left) along with other officials launching a fixed deposit product, 'Profit First', at a ceremony in the city recently

AB Bank launches 'Profit First'

AB Bank has launched a unique deposit product named 'Profit First'. The 'Profit First' is a fixed deposit product, which enables a customer to get the interest instantly upfront at the time of opening the account. Under this product, customers may also avail up to 70 per cent loan facility against the principal amount of the deposit. Sajjad Hussain, President and Managing Director (CC) of the bank, launched the product at a ceremony recently. Abdur Rahman, DMD-Head of Retail Banking Division, and other senior executives of the bank were present at the inaugural ceremony. — Statement