Maldives

corporate watch : women entrepreneurs

Refinancing women entrepreneurs stressed

Bangladesh Bank (BB) has directed all scheduled banks to streamline their refinancing scheme for women entrepreneurs up to the branch level in line with the central bank’s earlier directive.

The central bank earlier directed all banks to offer women entrepreneurs at least 10 per cent of their refinancing fund, formed with financial assistance from the Asian Development Bank (ADB) and Japan International Cooperation Agency (JICA).

“We received complaints from the field-level that many banks’ branches showed lack of interest in providing credit support to the women entrepreneurs under the refinancing scheme,” BB’s General Manager of SME and Special Programme Department Sukomol Singh Chowdhury told the news agency.

He said the central bank Wednesday sent letters to the managing directors of banks and other financial institutions suggesting measures to activate their refinancing scheme at the branch level. ? BSS

Thrust on quality growth

Bangladesh Bank (BB) Governor Dr Atiur Rahman Wednesday underscored the need for quality growth rather than the development of figures and numbers.

“We must be serious about the quality of development? not the growth of figures and numbers only,” he said.

Dr Rahman was speaking at the inaugural session of a seminar on “The Role of Financial Sector Development and Monetary Policy on Economic Growth and Poverty Alleviation of Bangladesh” held at the central bank head office.

The two-day seminar will focus on the research activities where some 16 papers will be presented. Officials from research and operational divisions are taking part at the discussion.

The BB governor said the central bank should focus more on research than on operation.
He said the central bank has become a one-legged organisation as it has been emphasising much more the operational activities than the research activities.

“Knowledge must be disseminated”, he said adding “only dissemination of knowledge will create new policies and researchers.” ? FE Report

BRAC Bank customers to get discount in

Mihin Lanka

BRAC Bank customers and employees will enjoy special discounts for traveling with Sri Lankan airline, Mihin Lanka.

BRAC Bank and Mihin Lanka have signed a MoU recently.

Under the agreement, BRAC Bank Premium and Supreme Customers, Credit Cardholders and all BRAC Bank employees will get special discounted packages for traveling to Sri Lanka and the Maldives.?

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