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3. Contents
Disclaimer:
MONTHLY BUSINESS REVIEW
VOLUME: 07 ISSUE: 05
JUNE 2016
Article of the month 02
National News
The Central Bank 05
Banking Industry 07
Business & Economy 08
MTB News & Events 11
Industry Appointments 15
International News
Business & Economy 17
Economic Forecast 22
Wells Fargo Monthly Outlook 24
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Preview
MTB ENTERS EMV ERA

4. microprocessor chips that store and protect cardholder
data. This standard has many names worldwide and
may also be referred to as: chip and PIN or chip and
signature.1
EMV is a global standard for cards equipped with
computer chips and the technology used to
rates of counterfeit card fraud, card issuers are
payment technologies by enabling safer, smarter and
mobile and remote payment channels. As Julie Conroy,
new and improved cards are being deployed to improve
to successfully counterfeit cards.2
reading device – enabling fraudsters to reproduce
counterfeit cards for use in both the retail and the Card
Why Use EMV Cards
system stronger by removing the technical loopholes
countries adopted it since the advent of this technology
while others started following the same sooner or later,
as and when felt required, with/without having
service providers have to answer quite more
convincingly.
against card frauds with its unique technological
EMV Technology
EMV chip technology is becoming the global standard
02 MTBiz
ARTICLE OF THE MONTH
MTB ENTERS EMV ERA
strips will gradually be converted to EMV.

5. acceptance where, as reported, over 3.4 billion EMV
4
I
lowest level for two decades and counterfeit card fraud
losses have also fallen and are at their lowest level since
Canada
a
used for payment, the card chip creates a unique
number created in that instance
wouldn't be usable again and the card would just get
denied. EMV technology will not prevent data breaches
EMV provides interoperability with the global payments
infrastructure – consumers with EMV chip payment
cards can use their card on any
payment terminal. EMV technology also supports
digital seal that cannot be copied and successfully
– EMV chip payment cards are
Core Technology – EMV is the only security standard
that can guarantee interoperability between payment
technologies, and serves as the core for future payment
channels, including Mobile EMV.
– EMV allows an issuer
to choose the secure payment technology they wish to
deploy: Contact EMV, Contactless EMV, Mobile EMV, or
base.3
acceptance. Issuers around the world are including
03 MTBiz
ARTICLE OF THE MONTH
Table 1: INTERAC deb card ra d losses as a res l o s mm ng
Losses o F nanc al Ins ons
Year
2 1
2 14
2 13 2,22
2 12 93,
2 11 1 4,1
2 2 ,2
2 23 ,
2 14 ,
Source: h p://www.interac.ca/en/fraud.html
Dollars CAD lost to INTERAC debit card
fraud in million
11.
1 .2
29.
3 .
.
11
142.3
1 4.
Cardholders
Reimbursed
24, 9
32,

6. 04 MTBiz
ARTICLE OF THE MONTH
and security in mind and being responsive to the recent
country have been introducing EMV technology
20142013
Africa & the Middle East
Europe Zone 1
Europe Zone 2
942
Source: EMVCo
Europe Zone 1 Europe Zone 2 Asia
America, and
the Carribbean
Africa & the
Middle East

7. 05 MTBiz
THE CENTRAL BANK
NATIONAL NEWS
to its policy focus while announcing the new monetary
challenges of both the country's and the global
are strengthening their security, he said. The Deputy
government is preparing a security manual for ensuring
guests to the event.
Source: BB

8. 06 MTBiz
THE CENTRAL BANK
Private sector credit growth has surpassed the target
private credit growth appears to be adequate to
rate of interest and increase the amount of investment.
higher amounts of loans.
of mega projects, including the Padma bridge, as
operators in the services sector such as hotels,
though the scenario in large industries is not so
same period.

9. 07 MTBiz
BANKING INDUSTRY
this year compared to last year's corresponding quarter.
rate adjustments, according to economists, is meant for
average spread between lending and deposit rates
hand, the weighted average rates on deposits came down
previous month while interest rates on lending dropped
that will put a smile on the faces of businesses. At
present, the rate of interest on industrial loans is 11 to 12
percent, which businessmen say reins in their investment.
instance, to get the loans, the industrial units must have
if it is managed well.
NATIONAL NEWS
EXIM PN Composite

10. 08 MTBiz
BUSINESS & ECONOMY
sought to meet the deadline for the project, said Tarana
project, where the winning bidder will arrange the foreign
amount coming from foreign loans. The government
would pay the rest.
garment, leather and leather goods, jute and jute goods
were a decline when compared with the previous
environment in some Middle East countries.
across the industry thus enhancing its share towards
sustainability.
of turnover, down from 24.1 percent in the previous
refrigerators during the quarter, which will come to the
manufacturing by this year.
2.63
2.76
2.62
2.37
2.75
3.2
3.18
2.85
2.83
2.68
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Possible launch date:
Project costs:
The satellite can also serve Middle East,
South and Southeast Asian Countries
French company Thales Alenia Space
will build and launch it.
Dec 16, 2017
Nov 11, 2015
Tk 2,967.96cr
Tk 1,314.56cr
Tk 1,653.40cr

11. 09 MTBiz
BUSINESS & ECONOMY
Summit Barisal Power Ltd started commercial
NATIONAL NEWS

12. M. A. ROUF JP, ELECTED CHAIRMAN
10 MTBiz
BUSINESS & ECONOMY
JUL AUG OCT NOV DEC JAN MAR APR
IN%
6.36
6.24
6.17 6.19
6.05
6.1
6.07
5.65
5.62 5.61

13. 11 MTBiz
MTB NEWS & EVENTS
S

14. 12 MTBiz
MTB NEWS & EVENTS

15. 13 MTBiz
MTB NEWS & EVENTS

16. 14 MTBiz

17. 15 MTBiz
INDUSTRY APPOINTMENTS
NATIONAL NEWS

18. 16 MTBiz

19. 17 MTBiz
BUSINESS & ECONOMY
INTERNATIONAL NEWS
low and a source of concern with the threat of long
debt crisis and low growth, contrasts with
disappointed analysts with an annual rate of growth of
-
dairy and sugar prices,
agency said recently.
The Food and
The World Bank

20. 18 MTBiz
BUSINESS & ECONOMY
INTERNATIONAL NEWS
-
-
-
Toshiba recently appointed a new president to steer its
rise in quarterly sales due to unseasonable weather and
-
orders.

21. 19 MTBiz
BUSINESS & ECONOMY
INTERNATIONAL NEWS
household spending. Forecasts were for quarterly
S&P
-

22. 20 MTBiz
BUSINESS & ECONOMY
state-owned Coal India Ltd raised USD 3.5 billion in
the features in the new note include a see through
INTERNATIONAL NEWS
certainty that the latest approaches will lead to any
-
ing and UBS as joint global coordinators of its Indian

23. 21 MTBiz

24. 22 MTBiz
ECONOMIC FORECAST
quarter of 2015, with energy prices down 21 percent
prospects in China and increasing supplies. Cost
about global growth prospects.
abundant supplies and, in the case of industrial
INTERNATIONAL NEWS
150
130
110
90
50
30
50
40
30
20
41.00 39.55
forecast
Brend
futures
Historical

25. 23 MTBiz
ECONOMIC FORECAST
Downside risks to the energy price forecast include
curtail supplies.
-
key suppliers.
are also aided by lower energy costs and plateauing
-
Upside risks to agricultural price forecasts include the
-
fall 2 percent.
-
-
-
2012
110
114
93
124
141
101
2013
102
105
104
95
114
91
115
2014
103
102
109
104
92
100
101
2015
94
91
100
95
91
1
52
1
90
99
-19.3
-5.1
-3.5
-3.4
-3.4
-5.3
-1.9
-2.9
-13.2
20.0
2.3
-0.5
2.1
3.0
0.5
2.4
1.4
-1.0
3.5
-1.1
-1.9
-3.5
-1.5
-1.1
-2.0
-2.0
1.4
1.3
-1.0
-3.1
-1.4
-1.0
-1.5
1.1
5.0
3
Food
3
Notes: (1)“F”denotes forecasts. (2)“Revision”denotes change to the forecast from the January 2016 report (expressed in percentage points for
the price indexes, $/bbl for crude oil, and $/toz for gold). (3) The non-energy price index excludes precious metals.

26. 24 MTBiz
WELLS FARGO MONTHLY OUTLOOK
INTERNATIONAL NEWS WELLS
SECURITIES
FARGO
for raising the fed funds rate but without any sense of
calls on both growth and the 10-year Treasury rate, and
Source U.S. Depart ent of C erce, IHS al Insight and ells Fargo Securi es, LLC
2002 2004 200 200 2010 2012 2014 201
uro one Real D
Bars = Co ound Rate Line = r r % Change
Co pound nnual row Q2 @ 1.4%
er- rcent Change Q2 @ 1.5%
Forecast
4
0
-4
-12
4
0
-4
-12
2000 2002 2004 200 200 2010 2012 2014 201
U.S. Real D
Bars = C R Line = r r ercent Change
D - C R Q2 @ 3.9%
D - r r ercent Change Q2 @ 2. %
Forecast
10%
4%
2%
0%
-2%
-4%
-10%
10%
4%
2%
0%
-2%
-4%
-10%