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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.
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