The New Nation - Internet Edition

BUSINESS REPORT

S M Aminur Rahman, CEO/MD of Janata Bank Limited presided over the board meeting as Chairman of Janata Exchange Co Srl Italy (a wholly owned subsidiary of Janata Bank Ltd) held recently in Rome. SM Shamsul Alam, MD JEC, Mrs. Sultana Afroz, Economic Counselor Bangladesh Embassy, Italy, Cinzia Perugini, President of the Board of Auditors, Fabio Barto, Member of the Board of Auditors, Clara Perubani, Member of the Board of Auditors, Roberto Saraceni, Chattered Accountant and Commercialist, Beartrice Szumu, Secretary, JEC and other executives were present at the board meeting.

Rahman approved the balance sheet ended in 2006 and discussed elaborately about the implication of Italian privacy law and anti-money laundering law for taking appropriate measure. Besides, decision was taken to the effect that 70% dividend to be remitted to Head Office, Dhaka and 30% to be retained in Italy.

Apart from that he advised all the officials of JEC to maintain close liaison with the expatriates in Italy to increase the flow remittance remarkably through JEC.