Mastercard and Brac Bank yesterday launched a “Mastercard Tara World” credit card in Bangladesh. 

Nafees Khundker has recently been appointed director of Bank Asia Ltd.  He is also one of the sponsors of the bank, a press release said.

The South Bangla Agriculture and Commerce (SBAC) Bank has decided to establish two subsidiaries to venture into merchant banking and asset management.

Deposits at banks saw remarkable growth last fiscal year as the coronavirus-linked uncertainty compelled people to cut non-essential expenses and save more, while lending growth shrank slightly due to business slowdown.

The South Bangla Agriculture and Commerce (SBAC) Bank has decided to launch two subsidiary companies to foray into merchant banking and asset management business.

Pubali Bank has reached a syndicated loan facility agreement worth $52 million with Bank Muscat.  The facility will help Pubali Bank provide liquidity services to local banks and local import and export businesses and strengthen the country’s economic growth, generating up to $200 million of additional trade every year, says a press release.

Bangladesh Bank yesterday asked non-bank financial institutions (NBFIs) in the country to not transport any materials through unlicenced courier service companies.

A number of customers of Nagad have alleged that they were facing troubles in carrying out transactions on their accounts as the mobile financial service provider has suspended them on suspicion of unusual transactions with e-commerce platforms.

The Bangladesh Bank has asked banks not to open any trust-cum settlement account (TCSAs) under the name of Nagad Ltd.

The stock market regulator today gave go-ahead to Union Bank to raise Tk 428 crore from the public, which will be the largest initial public offering (IPO) in the banking sector.

Padma Bank had signed a memorandum of understanding with a US based investment company under which the latter will manage a “potential fund” of $700 million as debt and equity capital for the Bangladeshi lender.

Nagad, the mobile financial service (MFS) wing of Bangladesh Post Office, has till date launched 599 service points, with at least one in every upazila of the country, to resolve problems faced by customers. 

IDLC Finance has launched a “digital savings scheme” through bKash accounts at its Gulshan corporate head office recently.

Bangladesh has finally become a member of the New Development Bank (NDB), which was launched in 2015 by Brazil, Russia, India, China and South Africa, collectively known as Brics, according to a statement of NDB.

Bangladesh Bank yesterday said borrowers of non-bank financial institutions (NBFIs) would not become defaulters until December if they pay 50 per cent of their loans’ instalment.

Managements of the state-owned banks are in a state of discomfort after being informed about the Padma Bank’s wish to get merged with a state lender.

Remittance inflow declined 8 per cent year-on-year in August to $1.8 billion, the lowest in the past six months, as money transfers through informal channels such as “hundi ‘’ have increased, according to various experts.

The stock market regulator has dismissed the board of Fareast Islami Life Insurance to protect investors' interest.

Bangladesh Bank today said borrowers of non-bank financial institutions (NBFIs) would not become defaulters until December if they pay 50 per cent of their loans’ instalment.

NRB Bank has recently witnessed the reelection of two vice-chairmen at a board of directors’ meeting.