The New Nation - Internet Edition

BUSINESS REPORT

The 122nd Board Meeting of Standard Bank Ltd. was held on February 27 last in the board room of head office of the bank. The Chairman of the Board of Directors Kazi Akramuddin Ahmed presided over the meeting. It was attended by Vice-Chairman Alhaj Mohammad Shamsul Alam, Directors Kamal Mostafa Chowdhury, Abdul Allad and Ferdous Ali Khan. Among others, Managing Director Mosharraf Hossain, DMD S.A. Farooqui and EVP & Board Secretary AFM Nizamul Islam Chowdhury were present in the meeting.

The Board took various important decisions regarding the bank's investment policy in the field of trade, commerce and industries and approved proposals received from different branches in respect of financing of working capital for industries and other import, export and commercial trading businesses.