VOL NO REGD NO DA 1589

Wednesday, October 27, 2004

HEADLINE

POLITICS & POLICIES

METRO & COUNTRY

VIEWS & REVIEWS

EDITORIAL

LETTER TO EDITOR

COMPANIES & FINANCE

BUSINESS & FINANCE

LEISURE & ENTERTAINMENT

MARKET & COMMODITIES

SPORTS

WORLD

 

FE Specials

FE Education

Urban Property

Monthly Roundup

Saturday Feature

Asia/South Asia

 

Feature

13th SAARC SUMMIT DHAKA-2005

WOMEN & ECONOMY

57th Republic Day of India

US TRADE SHOW

 

 

 

Archive

Site Search

 

HOME

COMPANY & FINANCE
 
StanChart opens 2nd branch in Gulshan
FE Report
10/3/2005
 

          Standard Chartered Bank (SCB) inaugurated its second branch in city’s Gulshan area Sunday. Bangladesh Bank Deputy Governor Muhammad A Ali inaugurated the branch at Gulshan.
SCB Chief Executive Officer Osman Morad, SCB Consumer Banking Head Sajidur Rahman, SCB Chief Financial Officer Selim RF Hussain, AEBL Chief Operating Officer MSA Sarwar, Shared Distributions Head Tanvir H Chowdhury and a host of senior officials were also present, among others, during the branch inauguration.
The event marked the successful conversion of American Express Bank Ltd's (AEBL) Gulshan branch licence to that of SCB following the latter's recent purchase of AEBL's domestic business and branches in Bangladesh. In June, SCB formally announced that it had signed an agreement to acquire the domestic banking business and branches of AEBL in Bangladesh and on July 31, the transaction was formalised following relevant statutory approvals.
Over a transition period of three months ending on October 31, all the assets and liabilities of AEBL, including customer deposits and loans, will be transferred to SCB. It is planned that AEBL will cease to operate as a commercial bank in Bangladesh with effect from November 1.

 

Bangladesh Bank Deputy Governor Muhammad A Ali and SCB Chief Executive Officer Osman Morad inaugurating the branch at Gulshan in the city Sunday.
 
 

Print this page | Mail this page | Save this page | Make this page my home page

About us  |  Contact us  |  Editor's panel  |  Career opportunity | Web Mail

 

 

 

 

Copy right @ financialexpress.com