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Bogra banks bring jobs

Hasibur Rahman Bilu, Bogra
Branch expansion of private and specialised banks in Bogra has created a good number of jobs and provided small and medium enterprise (SME) loans for the locals, according to Bangladesh Bank (BB) Bogra branch.
Md Ataur Rahman, general manager of the BB branch, said 39 branches of several private and specialised banks along with Standard Chartered Bank introduced modern banking facilities like automated teller machine (ATM) in the northern district town.
Six specialised and 33 private bank branches are dealing with SME loans and facilitating export-import business.
Standard Chartered, National Bank, Dhaka Bank and other banks have set up 12 ATM booths in the town and the adjacent areas.
Md Nurul Amin Sarker, assistant vice president of Dutch-Bangla Bank, Bogra branch, said the bank has installed seven ATMs in Bogra town and the adjacent areas.
One Ahmed Tanvir Siddique said he has established an electronic device making company in the town, MARCH Electronic, with a loan ofTk 2 lakh from the local Dutch-Bangla Bank branch and created nine jobs. He produces cost-effective Automatic Voltage Regulator (AVR) and other equipment.
Md Shafiqul Islam, branch sales & service manager of Standard Chartered, said five out of a total eight staff in the branch are from Bogra and one is from Dinajpur
Housewife Shirin Akter, 32, has been maintaining an account in Standard Chartered since 2004 for smooth and modern banking facilities, especially online banking.
"My husband lives abroad and so I need international banking for my security, which has been ensured by Standard Chartered," she said.
Md Rafiqul Islam, branch manager of Social Islami Bank, said four importers opened letter of credit (LCs) worth Tk 127 crore last year, while LCs worth Tk 673.51 crore were opened during 2000-2008.
"Branches of different banks have been set up in Joypurhat and Naogaon as the districts have a bright future both in SME and export-import business,” said Rafiqul.
He said seven out of a total 16 staff in the branch are from Bogra.
Md Zahirul Islam, senior assistant vice president and branch manager of National Bank in Bogra, said the branch dealt with LCs worth Tk 2,000 crore in the last eight years, while LCs worth Tk 400 crore were opened last year.
Eight out of a total 10 staff in the branch are from the north, he said.
Kamrun Nahar, customer service manger of BRAC Bank's Bogra branch, said: "I am happy working with the bank." Her husband Abu Zakaria Khan works in National Credit and Commerce Bank's regional branch.
Md Fazlur Rahman Paiker, president of Bogra Chamber of Commerce and Industry, said many small and big industries have been set up in Bogra and its adjacent districts due to the expansion of private and specialised banks and their loan and other banking facilities.