The New Nation - Internet Edition

BUSINESS REPORT

The 125th Board Meeting of Standard Bank Ltd. was held on 24th April, 2008 in the Board Room of Head Office of the Bank. Kazi Akramuddin Ahmed, chairman of the Board of Directors presided over the meeting. It was attended by vice-chairman Alhaj Mohammad Shamsul Alam, directors Kamal Mostafa Chowdhury, Abdul Ahad, Alhaj Nurul Haque Sowdagor, Ferdous Ali Khan and Md Ziaul Haque Khondker. Among others, Managing Director Mosharraf Hossain, DMD SA Farooqui and EVP and 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 & commercial trading businesses.