United News of Bangladesh

Southeast Bank PLC will raise Tk 800 crore through the issuance of its “Southeast Bank 6th Subordinated Bond”. According to Bangladesh Securities and Exchange Commission (BSEC) sources, the approval was given at the commission’s 1,031st meeting on Tuesday, chaired by BSEC Chairman Masud Khan. The seven-year bond will be fully redeemed at maturity and will be non-convertible and unsecured. Its coupon rate will be set at the reference rate plus 3 percent. The bond will be issued through private placement to institutional investors and high-net-worth individuals, with a face value of Tk 5 lakh per unit. Southeast Bank will use the proceeds to strengthen its Tier-2 capital base under Basel III requirements. DBH Finance PLC will act as the trustee, while UCB Investment Limited will serve as the issue manager. The bond will be listed on the main boards of both stock exchanges in Bangladesh.

Private sector Job:  South East Bank Limited has published recruitment circular. This bank will recruit for Trainee Assistant Officer (Cash) without experience. Interested candidates should apply online. Post Name: Trainee Assistant Officer (Cash) Number of Posts: Unspecified Qualification: At least Bachelor's Degree. Third division/class or equivalent GPA/CGPA at any level of education is not acceptable. No experience required. Age: Maximum 30 years. However, the age is relaxable up to 32 years in the case of children of heroic freedom fighters. Salary: First year salary during apprenticeship is TK. 26,000. TK. 30,000 next year. Salary will be TK. 36,000 at the end of successful apprenticeship. Conditions: 300 rupees stamp must be signed on the condition that you have to work in Southeast Bank for three years. How to apply Interested candidates have to click on Apply Now link: https://recruitment.southeastbank.com.bd/login.jsp to know the detailed information about the recruitment online from this link. Application Last Date: 25 July 2022 Read: BIWTA Job Circular: BIWTA will take multiple employees, applications online

Bangladesh Postal Department’s Digital Financial Service ‘Nagad’, Southeast Bank and Mastercard launched a new feature for Nagad’s mobile app that enables users to instantly add money from their Mastercard credit, debit and prepaid cards into their Nagad accounts.    This service will be provided by Southeast Bank’s Mastercard Payment Gateway Services (MPGS). Mastercard was the pioneer payment scheme in Bangladesh to launch the ‘Add Money’ service for mobile wallets as early as 2019, said  a  press release.   With this service Nagad app users can now add money to their Nagad accounts. Nagad cash-in limits will be applicable for this service.   To complete seamless transactions any time of the day, Nagad users need to click the ‘Add Money’ button on the Nagad app interface and select the card option. Users must then provide the required card details and enter the amount they wish to transfer from the card. Users will then receive an OTP (One Time Password) on their registered mobile phone number. By entering the OTP, users will be able to complete the transaction.   This service will make it easy and convenient for Mastercard cardholders to top up their Nagad wallets, making contactless transactions possible. Southeast Bank Limited is the technology provider of this service.   In his speech, Tanvir A Mishuk Managing Director, Nagad said, “We are glad that Nagad Accountholders can now easily add money to their accounts from their Mastercards, and this will eliminate the need of physically visiting ‘cash in’ points. Our collaboration with Mastercard & Southeast Bank Limited will make transactions much more convenient for Nagad users in various multitudes.”                  Syed Mohammad Kamal, Country Manager, Bangladesh, Mastercard said, “Mastercard is proud to collaborate with one of the leading digital financial service providers, Nagad, to launch this wallet loading service for its customers. This collaboration with Nagad and Southeast Bank is another milestone in our partnership with the mobile financial services (MFS) sector. Mastercard looks forward to offering cardholders a better payments experience through personalized interoperable payments solutions that will give an enormous boost to card acceptance and digital transactions in Bangladesh.”