The New Nation - Internet Edition

BUSINESS REPORT

The 16th Conference of the Managers of the seven branches of ICB was held on October 29 last at its Head Office at Rajuk Avenue in the city with Md Ziaul Haque Khondker, Managing Director of the Investment Corporation of Bangladesh (ICB) in the chair.

The conference was attended by MA Motalib Chowdhury, General Manager, Operations and Ms Dina Ahsan, General Manager, Administration, CEOs of the ICB Subsidiary Companies and other concerned senior officials and branch managers. Ms Monowara Begum, Deputy General Manager and Md Rafique Ullah, Assistant General Manager, Branch Affairs Department acted as coordinator of the meeting.

In the conference, operational activities and performance of ICB branches up to September, 2008 for the current fiscal year (2008-09) were reviewed. It was noted that performances of the branches in the first three months were satisfactory.

The Managing Director instructed the heads of branches to take necessary steps for achieving target of the current fiscal year.

He directed the branch managers to take necessary steps so that the rules and regulations promulgated by the SEC are to be followed strictly.

In the meeting, there was also discussion on the present position of the subsidiary companies.

It was observed that the performance of the subsidiaries in the first three months of the current fiscal year was satisfactory. Some important decisions were taken for providing improved and efficient service to the customers.

The Managing Director laid special emphasis on maintaining professional outlook and expertise so that ICB and subsidiary companies continue to play pivotal role in the capital market of Bangladesh in the backdrop of competitive environment.