The Bangladesh Bank on Sunday introduced full-pledged treasury functions at its Barisal branch after twenty years of the opening of the branch.
Governor of Bangladesh Bank Atiur Rahman inaugurated the treasury functions through a teleconference held at the Barisal branch in the morning on the day.
Atiur said Bangladesh had started electronic fund transfer, opened helpdesks at BB branches and introduced mobile banking system.
'With the launch of the treasury activities, the BB Barisal branch has been dignified as a full-pledged branch of the central bank,' the BB governor said.
Golam Mustafa, general manager of the BB Barisal branch, presided over the function. Sudhir Chandra Das, executive director of the bank, opened the treasury section of the branch on behalf of the BB governor.
The BB governor said generally treasury functions were expected to monitor cash positions and corporate spending. But now-a-days, treasurers also perform additional responsibilities of containing expenses through process improvements, reducing process cycle times, managing corporate spending, preventing fraud and misuse, accounting for risk and building vendor relationships.
The BB branch in Barisal was inaugurated on March 2, 1992 and the central bank launched limited banking activities at the branch on February 18, 1998.
Source : New Age
