Widgetized Section

Go to Admin » Appearance » Widgets » and move Gabfire Widget: Social into that MastheadOverlay zone

EXIM Bank’s thrust diversified businesses

Dr. Mohammed Haider Ali Miah

Dr. Mohammed Haider Ali Miah

EXIM Bank Ltd has taken all-out preparations embarking on IT-driven technologies to attract yield-hungry entrepreneurs in financing their new business ventures.

“EXIM Bank has been able to see a tremendous growth during the last few years both vertically and horizontally riding on IT and right now we are planning to process all foreign exchange and foreign trade business of the Bank through an international standard Centralized Processing Center (CPC),” Managing Director of the Bank Dr. Mohammed Haider Ali Miah told The FE in an interview recently.

CPC of EXIM Bank is now conducting the foreign exchange and foreign trade business of non-AD branches.

CPC is a technology-based processing hub to process Letter of Credit (LC), documentary collections, Negotiation of Export Documents, Payment of Import Bills etc.

CPC helps the Bank to standardise its services by complying local rules & regulations as well as international rules, customs and practices. It reduces the operational costs, increases the efficiency, enhances the productivity, reduces the risk of frauds & forgeries and enhances the customer satisfaction.

The bank began operation August 3, 1999 and later set the first instance of conversion from a conventional bank to a full fledged Islamic one abiding by the Shariah principles in the country.

The bank already completed Core Banking System (CBS), a comprehensive IT-based programme to spur the business growth of the bank using T24, a Swiss-based IT solution.

“Our renewed efforts on diversified business areas including SME, remittance and export-import and green banking will attract the real entrepreneurs as we are offering our quality services at competitive and affordable charges,” Dr. Mohammed Haider Ali Miah said.

The bank has now 74 branches possessing a real-time online facility of international standard, the MD said. The number of total branches will reach 80 by the end of next month (November).

“We came into operation in the banking industry of the country with sincere promises of modern banking services to the people of all walks and with our multifaceted service delivery channels, we are presently catering to the needs of the people across the country with a highly skilled and pro active staff of around 2000 employees,” Mr Haider Ali Miah said. The investment of the bank stood at Tk. 138.47 billion till September 30 of 2013 against Tk 115.28 billion in the corresponding period of 2012. Similarly deposit, export and import earnings rose to Tk 156.58 billion 98.63 billion and Tk 104.32 billion respectively till September 30 of 2013.

The EXIM Bank MD said bank has been retaining a steady growth in all spheres of banking business including investment, remittance services, foreign trade, retail banking, etc. while earnestly complying with all the rules, regulations and guidelines of the regulators.

The bank has already extended its overseas services with four exchange houses in London, Toronto, Sydney and New York.

While doing business, EXIM Bank remains ever responsive to the plight of the people through performing corporate social responsibilities regularly in an organised way.

“In testimony to our strong commitment to the social development, we have very recently opened the country’s first private agriculture university,” the EXIM Bank MD said.

Prime Minister Sheikh Hasina recently formally inaugurated the university.

Replying to a question, the EXIM Bank MD said entry of new private commercial banks (PCBs) will create healthy competition among the all PCBs.

” I welcome all the new banks as it will help strengthen the total banking sector as yield-hungry entrepreneurs and investors will be benefitted by us in operating new business ventures at competitive and affordable services,” Dr Haider Ali said.

Commenting on the future outlook of the banking sector, the senior banking professional said with the advancement of technology, some of the banks will advance and others will be in backward position.

“Proper adoption of IT facilities and HR recruitment will only leverage the banks to remain competitive, otherwise, it will not be possible to survive,” Mr Haider Ali added.

Share This Post