Recent News

HSBC awarded AAA rating for fourth consecutive year

hsbc

Caption:  Sanjay Prakash, Chief Executive Officer of HSBC Bangladesh, Receiving credit rating award from Hamidul Huq, Managing Director of CRAB, at HSBC main office in the city recently.
HSBC awarded AAA rating for fourth consecutive year

HSBC Bangladesh received ‘AAA’ rating for the fourth consecutive year from Credit Rating Agency of Bangladesh Limited (CRAB).

‘AAA’ is the highest rating awarded by CRAB which is given to banks with extremely strong capacity to meet their financial commitments and judged to be of the highest quality, with minimal credit risk.

 

CRAB awarded the rating based on the performance of the bank in 2010.

CRAB Managing Director Mr. Hamidul Huq handed over the rating award and report to Mr. Sanjay Prakash, Chief Executive Officer, HSBC Bangladesh at HSBC Main Office in the city.

CRAB senior professionals HS Sohrawardhi, Senior Vice President, Ehsanul Kabir, Assistant Vice President, Shahtaj Noor, Senior Financial Analyst and HSBC senior management including Nayeem R Chowdhury, Chief Financial Officer, Kashafud Duza, Head of Financial & Regulatory Reporting and Tax and Kaium Uddin Muhammad Sakur, Manager Finance, were present on the occasion.

CRAB arranged workshop on Basel II at Khulna

 

crab workshop 031110(Clockwise: Mr. Khalid Hossin, Head of Business Development, CRAB, Mr. H S Sohrawardhi, Senior Vice President CRAB, Mr. A K M Fazlur Rahman,General Manager, of Bangladesh Bank, Khulna Office, Mr. Tajul Islam, AVP & Manager(Rating)-CRAB)

 

Credit Rating Agency of Bangladesh Ltd. (CRAB) conducted a day long Technical Workshop on “Basel II: Asset Quality vs Capital Adequacy of Banks” for the executives of commercial banks at Royal Hotel, Khulna on 03 November 2010.

The session highlighted over view of Basel II, calculation of credit risk, market risk and operational risk with live example, profitability and loan pricing under Basel II, road to internal rating based approach and implementation challenges.
Mr. A K M Fazlur Rahman,General Manager, of Bangladesh Bank, Khulna Office attended the workshop as the special guest. The workshop was conducted by Mr. Tajul Islam, AVP and Manager (Rating) of CRAB. H S Sohrawardhi – Senior Vice President, Mr. Kahlid Hossin- Head of Business Development, Mr. Sajjad-Bin-Siraj – Financial Analyst and Mr. Tabassum Al Atter of Khulna Liaison Office of CRAB were present at the event. Senior official of different commercial banks and corporate houses from Khulna and surrounding areas participated in the workshop through an interactive discussion session.

M. Shamsul Alam joins CRAB’s Rating Committee

M. Shamsul Alam joins CRAB’s Rating Committee

Noted Insurance personality of Bangladesh Mr. M. Shamsul Alam, M.Com. ACII (London) has recently joined the rating committee of Credit Rating Agency of Bangladesh Ltd (CRAB). He is presently the Chairman of Sadharan Bima Corporation. Mr. Alam  had been Managing Director of Reliance Insurance Limited.
The Rating Committee is an independent  committee of CRAB comprised with distinguished professionals and ex-officio from Bangladesh Bank, Office of Comptroller & Auditor General, Securities & Exchange Commission, Commercial Banks, Insurance Companies etc. The Rating Committee is independent of the sponsors/directors and management and has the authority to award, review and withdraw ratings given by CRAB.

Dr Salehuddin Ahmed joins rating committee of CRAB

Dr Salehuddin Ahmed joins rating committee of CRAB

Former Governor of Bangladesh Bank, Dr. Salehuddin Ahmed has recently joined the rating committee of Credit Rating Agency of Bangladesh Ltd (CRAB). The Rating Committee is an independent  committee of CRAB comprised with distinguished professionals and ex-officio from Bangladesh Bank, Office of Comptroller & Auditor General, Securities & Exchange Commission, Commercial Banks, Insurance Companies etc. The Rating Committee is independent of the sponsors/directors and management and has the authority to award, review and withdraw ratings given by CRAB.

CRAB delivers training on Basel II implementation for IFIC Bank

IFIC

The Financial Express 16-August-2009
IFIC Bank Ltd conducted a daylong workshop on ‘Basel-II Accord’ at its academy at Motijheel in the city recently.

Vice President  HS Suhrawardi and Mohammad Tajul Islam of CRAB were the main speakers at the workshop. Details of the ‘Basel-II Accord’ was discussed at the workshop.

Senior Executive Vice President and Head of Finance and Accounts SM Abdul Hamid delivered the inaugural speech.

A total of 40 senior officials from different branches and head office of the bank participated in the workshop.

It was the 33rd programme of IFIC Bank Academy in this year.

The workshop was conducted by IFIC Bank Senior Executive Vice President and Head of Training and Research Zaitun Sayef, Vice President SM ShafiquI Haider and First Assistant Vice President (Training and Research) AK Mojibur Rahman.