Southeast Bank Limited::News

Southeast Bank Received Best IT Use Award

Southeast Bank Limited, a leading private sector Bank of the country received Best IT Use Award given jointly by Bangladesh Association of Software and Information Services (BASIS) and SouthAsian Enterprise Development Facility (SEDF) at a function on November 28, 2004 at Bangladesh-China Friendship Conference Center, Dhaka. The function was organized on the occasion of SOFT-EXPO: 2004. Syed Imtiaz Hasib, Deputy Managing Director received the award on behalf of the Bank from Mr. Johan Ulander, CEO Hansaworld Middle East FZ LLC, Mr. Ahmad Tabshir Choudhury, SVP and Head of IT of Southeast Bank Limited and Sheikh Abdul Aziz, Managing Director & CEO of Leads Soft Bangladesh Limited, the Software Solution provider of the Bank accompanied him. Among others Mr. Anil Sinha, General Manager, SEDF, Mr. Sarwar Alam, President, BASIS, representatives from various IT industries, Corporate and Government organizations were present.

This was the first of it's kind in Bangladesh where 10 (ten) organizations under four categories ( local and foreign Corporate Houses, Government organizations and Small and Medium Enterprises ) were awarded for efficient and effective uses of IT solutions and services provided by Bangladeshi companies. Out of about 200 nominations 30 organizations were short listed and finally 10 were selected for the award. Southeast Bank is the only bank who received such award on this occasion.

ADB intensifies move to ease pvt. sector export - import trade

     The Asian Development Bank (ADB) intensified move to implement a new plan to help facilitate the local private banks on the trade financing products to private sector importers and exporters in the country. It is perhaps the first test case of the ADB in Bangladesh, which will certainly help the importers and exporters deal with the regional and international trade smoothly through the private sector banking system. As part of this test case, the Asian Development Bank signed an agreement on Trade Finance Facilitation with Southeast Bank Ltd. (SBL), Local bank in Dhaka on Thursday. SBL is the first private sector bank in Bangladesh to sign the facilities agreement with ADB under Trade Finance Facilitation Program (TFFP).

     The Asian Development Bank sources said that the agreement was a part of the ADB's programme that will help facilitate financing the trade in order to use financial. The signatories were Mr. Toru Shibuichi, ADB's Country Director for Bangladesh and Mr. Syed Imtiaz Hasib, Deputy Managing Director on behalf of SBL.

     The agreement was part of ADB's new TFFP to use financial international to facilitate economic growth and the private sector development in the region. The Trade Finance Facilitation Programme (TFFP) has been designed to develop and enhance the capability of local banks to provide trade finance products to private sector importers and exporters to facilitate international trade. The program will support local issuing banks through two facilities that include a partial credit guarantee, under which ADB will help ensure the banks the payment of Letter of Credit (LC) and other documentary credits issued by accredited local banks in the Asian region.

     Moreover, the programme will also help revolve the credit facility, under which ADB will offer short-terms loans to the accredited local banks to help finance the hard currency borrowing requirements of their private sector exporter and importer clients.
These facilities will offer importers and exporters access to reliable and reasonable terms and conditions for trade finance, as well as provide liquidity and stability to the trade finance system.
      The TFFP of the ADB will also make it easier for local banks to deal with their international counterparts lower the need for the local banks to provide cash collateral; reduce the risk for importers and exporters by encouraging the use of trade finance instruments; and provide more cost effective trade finance mechanisms.
     Bangladesh is among the first countries, along with Sri Lanka and Vietnam, where the TFFP is being implemented. Once the TFFP is fully implemented, more than 35 local banks in 16 countries are expected to participate.

If you have any question or comment about this website, please address your e-mail to seastbk@citechco.net

Copyright © 2001-2002 Southeast Bank Limited, Bangladesh

Last modified: August 14, 2005

Southeast Bank Received Best IT Use Award
	Southeast Bank Limited, a leading private sector Bank of the country received Best IT Use Award given jointly by Bangladesh Association of Software and Information Services (BASIS) and SouthAsian Enterprise Development Facility (SEDF) at a function on November 28, 2004 at Bangladesh-China Friendship Conference Center, Dhaka. The function was organized on the occasion of SOFT-EXPO: 2004. Syed Imtiaz Hasib, Deputy Managing Director received the award on behalf of the Bank from Mr. Johan Ulander, CEO Hansaworld Middle East FZ LLC, Mr. Ahmad Tabshir Choudhury, SVP and Head of IT of Southeast Bank Limited and Sheikh Abdul Aziz, Managing Director & CEO of Leads Soft Bangladesh Limited, the Software Solution provider of the Bank accompanied him. Among others Mr. Anil Sinha, General Manager, SEDF, Mr. Sarwar Alam, President, BASIS, representatives from various IT industries, Corporate and Government organizations were present.
This was the first of it's kind in Bangladesh where 10 (ten) organizations under four categories ( local and foreign Corporate Houses, Government organizations and Small and Medium Enterprises ) were awarded for efficient and effective uses of IT solutions and services provided by Bangladeshi companies. Out of about 200 nominations 30 organizations were short listed and finally 10 were selected for the award. Southeast Bank is the only bank who received such award on this occasion.
ADB intensifies move to ease pvt. sector export - import trade
	The Asian Development Bank (ADB) intensified move to implement a new plan to help facilitate the local private banks on the trade financing products to private sector importers and exporters in the country. It is perhaps the first test case of the ADB in Bangladesh, which will certainly help the importers and exporters deal with the regional and international trade smoothly through the private sector banking system. As part of this test case, the Asian Development Bank signed an agreement on Trade Finance Facilitation with Southeast Bank Ltd. (SBL), Local bank in Dhaka on Thursday. SBL is the first private sector bank in Bangladesh to sign the facilities agreement with ADB under Trade Finance Facilitation Program (TFFP).
The Asian Development Bank sources said that the agreement was a part of the ADB's programme that will help facilitate financing the trade in order to use financial. The signatories were Mr. Toru Shibuichi, ADB's Country Director for Bangladesh and Mr. Syed Imtiaz Hasib, Deputy Managing Director on behalf of SBL. The agreement was part of ADB's new TFFP to use financial international to facilitate economic growth and the private sector development in the region. The Trade Finance Facilitation Programme (TFFP) has been designed to develop and enhance the capability of local banks to provide trade finance products to private sector importers and exporters to facilitate international trade. The program will support local issuing banks through two facilities that include a partial credit guarantee, under which ADB will help ensure the banks the payment of Letter of Credit (LC) and other documentary credits issued by accredited local banks in the Asian region. Moreover, the programme will also help revolve the credit facility, under which ADB will offer short-terms loans to the accredited local banks to help finance the hard currency borrowing requirements of their private sector exporter and importer clients. These facilities will offer importers and exporters access to reliable and reasonable terms and conditions for trade finance, as well as provide liquidity and stability to the trade finance system. The TFFP of the ADB will also make it easier for local banks to deal with their international counterparts lower the need for the local banks to provide cash collateral; reduce the risk for importers and exporters by encouraging the use of trade finance instruments; and provide more cost effective trade finance mechanisms. Bangladesh is among the first countries, along with Sri Lanka and Vietnam, where the TFFP is being implemented. Once the TFFP is fully implemented, more than 35 local banks in 16 countries are expected to participate.