27-10-2022

THURSDAY, OCTOBER 27, 2022
8
The Premier Bank Limited celebrated 23 years of success and prosperity on Wednesday. Dr. H.B.M.
Iqbal, Chairman of the Board of Directors of the bank inaugurated the 23 year celebration program
through a beautiful cake cutting ceremony.
Photo : TBT
Premier Bank celebrates
23 years of success
The Premier Bank Limited
celebrated 23 years of
success and prosperity on
Wednesday October 26,
2022. Dr. H.B.M. Iqbal,
Chairman of the Board of
Directors of the bank
inaugurated the 23 year
celebration program
through a beautiful cake
cutting ceremony. M.
Reazul Karim, FCMA,
Managing Director and
CEO of the bank presided
over the ceremony
attended by the Members
of the Board of Directors
B.H. Haroon, MP, M
Imran Iqbal, Jamal G
Ahmed, Nahyan Haroon,
Independent Directors
Kaiser A. Chowdhury and
Naba Gopal Banik, Advisor
Muhammed Ali and many
others, a press release said.
Dr. H.B.M. Iqbal,
Founder Chairman of The
Premier Bank Limited
stated in his speech at the
ceremony "Our journey
started in 1999. Since then,
we have been able to
prosper and achieve our
current position by earning
the trust, faith and love of
the people. Our bank has
had an important role in
the development of various
sectors across the country.
We could not have
achieved our current
position without the
support, guidance and love
of our valued clients, wellwishers,
patrons,
controlling bodies and
media personnel." Dr.
H.B.M. Iqbal also
expressed his heartfelt
gratitude towards the
Management Authority of
the bank for the gradual
and steady success of
Premier Bank.
M. Reazul Karim, FCMA,
Managing Director and
CEO of the bank, thanked
everyone and stated "Our
journey on the road to
prosperity will continue.
Premier Banks current
(30/09/2022) portfolio of
assets and deposits stand
at 38,280 crores and
29,130 crores respectively,
while present A.D ratio is
74.26% compared to
76.22% of last year. Our
banks present L.C.R is
123.96% which was
117.21% last year, while
N.F.S.R is 124.52% which
was 122.38% last year and
percentage of bad loans is
2.76%. Our A.D ratio,
L.C.R, N.F.S.R and
percentage of bad loans is
in good standing according
to the standards of
Bangladesh Bank. We are
hopeful that within the
next 5 years our bank will
be one of the top
performing banks of the
country based on all
parameters.
Muhammed Ali, Advisor
to the bank, stated in his
speech "Bangladesh is
moving forward towards
the goal of becoming a
developed and prosperous
nation by the year 2041. In
this journey, Premier Bank
continues to be a major
and significant contributor
due to the various
progressive strategies we
have adopted under the
leadership and guidance of
Dr. H.B.M. Iqbal,
Chairman of the Board of
Directors.
Standard Chartered guarantees steady supply
of medical oxygen forpatients in Jamalpur
Standard Chartered Bangladesh recently
collaborated with United Trust to make
sure that patients at M A Rashid
Hospital in Jamalpur have consistent
access to life-saving medical oxygen.
With the pandemic accelerating both
local and global demand for oxygen, it
became evident thatmedical oxygen is
essential for the treatment
ofcardiovascular and respiratory
illnesses, in addition to COVID-19.
To solve issues of availability, quality,
affordability, and supply, Standard
Chartered Bangladesh donated a
Pressure Swing Adsorption (PSA)
Medical Oxygen Generation Plant to M
A Rashid Hospital in Jamalpur. The
plant's total installed capacity of 303
litres/minutewill provide over 80 ailing
patients with a constant supply of much
needed oxygen.
The PSA Medical Oxygen Generation
Plant was inaugurated by H.E. Mr.
Robert Chatterton Dickson, British High
Commissioner to Bangladesh, who
attended the event as a special guest,
along with Naser Ezaz Bijoy, Chief
Executive Officer, Standard Chartered
Bangladesh, and Moinuddin Hasan
Rashid, Chairman & Managing Director,
United Group. Other attendees
included: EnamulHuque, Managing
Director, Head of Client Coverage,
Corporate, Commercial & Institutional
Banking, Standard Chartered
Bangladesh; Bitopi Das Chowdhury,
Head of Corporate Affairs, Brand &
Marketing, Standard Chartered
Bangladesh;Abdur Rahim, Chairman,
United Trust; and members of local
government authorities.
Naser Ezaz Bijoy, Chief Executive
Officer, Standard Chartered Bangladesh,
said,"Sustainable access to oxygen, at
times, is the difference between life and
death for patients. The need for oxygen
continues to increase, while availability
remains low - especially outside the
major cities of Bangladesh. Now,
patients and their families in Jamalpur
can rest easy knowing that they will
receive the oxygen they need, when they
need it. This is not a donation or a
reactive response to an unprecedented
pandemic - instead, it is an effort, on the
Bank's part, to support long-term
capacity building for better health care
services for communities in need. I
would like to express my profound
gratitude to the Board of Directors of
United Trust for providing the Bank with
an opportunity to be part of their
amazing contribution that changes lives
for the better. Being a leading British
Investor in Bangladesh, it is a great
privilege to inaugurate the oxygen plant
in the presence of H.E. Mr. Robert
Chatterton Dickson, British High
Commissioner to Bangladesh, who took
the time to join us in Jamalpur to
celebrate this occasion."
Moinuddin Hasan Rashid, Chairman
and Managing Director, United Group,
said, "As one of the four core focus areas
of United Trust, it was always our
greatest effort to provide the best
healthcare services to the people of
Jamalpur and the surrounding districts.
Hence, we established M A Rashid
Hospital, which will provide a model of
healthcare services for all second and
third tier cities."
Rashid added, "I am very thankful to
Standard Chartered for their act of
generosity, which will amplify our effort
to elevate the healthcare services in the
Jamalpur area and beyond. Ensuring a
constant supply of oxygen was much
needed after the post-pandemic era.I
would also like to thank Robert
Chatterton Dickson, British High
Commissioner to Bangladesh for his
cordial presence to inaugurate the
installation of the Pressure Swing
Absorption (PSA) Medical Oxygen
Generation Plant in M A Rashid
Hospital."
Earlier this year, in March,
ChattogramMaa-Shishu O General
Hospital was the first of three medical
facilities to receiveaPSA Medical Oxygen
Generation Plant from Standard
Chartered Bangladesh. Via the donation,
the Bank became the first in the nation
to provide a medical facility with access
to a steady supply of oxygen. Another
oxygen plant was donated to TMSS
Medical College &Rafatullah
Community Hospital (TMC & RCH) in
September. The total oxygen generation
potential of the three plants exceeds
1300 litres/minute and serves up to 400
patients per day.
United Trust a concern of the United
Group. As the conglomerate's social
welfare organ, United Trust works to
meet community needs across
Bangladesh. At present, United Trust
operates eight rural clinics and small
hospitals. With 250 beds, M A Rashid
Hospital meets the needs of patients in
Jamalpur and provides individuals with
much needed medical aid and
assistance.
First Security Islami Bank Ltd. arranged a day-long program 'Shwapnopuroner ekdin' at Fantasy
Kingdom, Dhaka for the fulfillment of dreams of underprivileged children. The main aim of this event
is to give the orphan and underprivileged children a day with full of joy and amusement. Children
enjoyed various rides throughout the day at Fantasy Kingdom. Quiz competitions and different games
were organized for them where various attractive gifts were given. A special magic show was also
exhibited for them and provided special food of their choice. Muhammad Mustafa Khair, Additional
Managing Director was present as the Chief Guest and Md. Masudur Rahman Shah, Deputy Managing
Director of the bank was present as Special Guest in the program. Among others, Zonal Heads of
Dhaka South and North Zone, Different Branch Managers along with other officials were also present
on the occasion.
Photo : Courtesy
PRAN Dairy provides free milkto day care center
The country's leading dairy
processor 'PRAN Dairy' will
provide free milk for a yearto
'Kichir Michir Day Care
Center' run by a non-profit
organization KarmojibiNari.
In this connection, PRAN
Dairy and KarmojibiNari
signed an agreement at the
head office of PRAN Group
on Tuesday. Maksudur
Rahman, Deputy General
Manager of PRAN Dairy and
Sanjida Sultana, Additional
Executive Director of
Kormojibi Nari signed the
agreement on behalf of their
respective organizations, a
press release. Zuran Chandra
Shikdar, Coordinator
(Finance and Admin) of
Kormojibi Nari, Nurul Afser,
Head of Corporate Brand of
PRAN-RFL Group and
Rakibul Islam Lanin,
Assistant General Manager
(Marketing) of PRAN Dairy
were also present at the
program. Nurul Afser said,
"We have taken the initiative
under our corporate social
responsibility. We will also
include more day care centers
in the future and hope the
initiative will play important
role in children's growth."
NRBC Bank is giving 5 percent loans to women entrepreneurs on easy terms. Under this special
scheme to raise women as entrepreneurs, maximum loan assistance of up to 50 lakh taka will be provided.
NRBC Bank has signed a Memorandum of Understanding (MoU) with Jayeeta Foundation for
this purpose. This loan will be given from the 'Revolving Capital Support Fund' of 'Jayeeta
Foundation' which is formed under the special supervision of the Hon'ble Prime Minister under the
Ministry of Women and Children Affairs. Women entrepreneurs can take this loan in their own name
and in the name of the association. These loan facilities will be provided with or without collateral. A
MoU was officially signed by Afroza Khan, Managing Director of Jayeeta Foundation and Golam
Awlia, Managing Director & CEO of NRBC Bank in the conference room of Jayeeta Foundation while
Shahidul Islam, Additional Secretary and Project Director of Joyeeta Tower Nirman Project presided
over the ceremony. Harunur Rashid, Deputy Managing Director and CFO of NRBC Bank, Harunur
Rashid, Head of SME & Agriculture Credit Department and Suraiya Rahman, Manager of Dhanmondi
Women's Branch and others were present in the event.
Photo : Courtesy
Saudi blasts release of oil reserves
'to manipulate markets'
RIYADH : Saudi Arabia's energy minister
on Tuesday blasted the release of
emergency oil stocks as an attempt to
"manipulate markets", the latest
apparent salvo in a spat with Washington
over oil production.
"People are depleting their emergency
stocks, had depleted it, used it as a
mechanism to manipulate markets while
its profound purpose was to mitigate
shortage of supply," Prince Abdulaziz bin
Salman told an investor conference in the
Saudi capital.
"However, it is my profound duty to
make it clear to the world that losing
emergency stock may become painful in
the months to come."
Prince Abdulaziz did not single out the
US in his comments about emergency
stocks, but last week US President Joe
Biden announced he was putting the final
15 million barrels on the market from a
record release of US strategic reserves.
That tranche was to complete a 180
million barrel release authorised in the
spring, in response to price hikes linked
to Russia's invasion of Ukraine.
It also came on the heels of a decision
by the OPEC+ oil cartel, which Riyadh coleads
with Moscow, to cut oil production
by two million barrels a day from
November.
The cartel's decision has drawn intense
criticism from the White House, which
has said it amounted to "aligning with
Russia" in the Ukraine war.
Prince Abdulaziz pushed back against
that assessment on Tuesday.
"I keep listening, are you with us or
against us? Is there any room for, 'We are
for Saudi Arabia and for the people of
Saudi Arabia'?" he said to applause.
Asked about getting the decades-old
partnership between Riyadh and
Washington back on track, he said: "I
think we as Saudi Arabia decided to be
the maturer guys and let the dice fall."
Hundreds of CEOs and finance moguls
are in Riyadh for the three-day Future
Investment Initiative (FII), a Davos-style
investment conference that analysts say
will highlight Saudi Arabia's geopolitical
muscle despite strained ties with
Washington.
The FII, often referred to as "Davos in
the Desert", was launched in 2017 as an
economic coming-out party for the
world's largest crude exporter, which is
trying to diversify away from oil under
Crown Prince Mohammed bin Salman.