The New Nation - Internet Edition

BUSINESS REPORT

Recently The City Bank Limited has arranged a conference on its Cards business. It was attended by representatives and branch managers from all its 83 branches.

The conference focused on launching of three new products in Credit Card. Among the products, "City Card Variable Interest" offers a facility where customers enjoy a special 4-8% reduced interest rate when transaction volume is above Tk 50,000.

The 2nd product 'City Card Balance Transfer' offers 8% reduction in rate if other banks' card liability is brought to City Bank. The 3rd product 'City Card EMI Plan' allows customers to pay card dues in 36 installments at a 13% reduced rate.

The conference was inaugurated by bank's Managing Director and CEO K Mahmood Sattar.

DMD Sohail RK Hussain and Head of Retail Banking Mashrur Arefin were present. The programme was conducted by Anwar Hossain, Head of Business Cards.

Krishi Bank balance sheet okayed

Krishi Bank Chairman Khondkar Ibrahim Khaled presided over the 454th board meeting of the bank in the board room at the bank's head office on March 25 last. The balance sheet of the bank for the financial year 2006-2007 was approved at the meeting. Some important decisions were taken on various activities of the bank. The members of the Board of Directors, Managing Director, two Deputy Managing Directors, all General Managers of head office, Secretary of the Board of Directors along with concerned Deputy General Managers were present on the occasion.