Trust Bank PLC has celebrated reaching the milestone of Tk 50,000 crore in deposits at a ceremony held at its head office in Dhaka recently..Ahsan Zaman Chowdhury, managing director and chief executive officer of Trust Bank PLC, attended the event as the chief guest, according to a press r

The Bangladesh Bank (BB) yesterday purchased $104 million from commercial banks as part of its efforts to ensure stability in the exchange rate and maintain reserves at a level sufficient to meet external payment obligations.

Trust Bank PLC has signed a memorandum of understanding (MoU) with Air Arabia, a UAE-based airline, to offer discount benefits to the bank’s clients..Md Mostafa Musharrof, head of the card division at Trust Bank PLC, and Syed Md Mobin Rashid, country manager at Air Arabia, signed the MoU i

Dhaka Bank PLC recently organised a daylong training programme on “Prevention of Money Laundering and Combating the Financing of Terrorism” at the Rose View Hotel in Sylhet..Under the initiative of the Bangladesh Financial Intelligence Unit (BFIU), the bank served as the lead bank for the

SriLankan Holidays, the leisure arm of SriLankan Airlines, has signed a partnership agreement with Eastern Bank PLC (EBL) to offer exclusive travel benefits to EBL cardholders..M Khorshed Anowar, deputy managing director and head of retail and SME banking at Eastern Bank PLC, and Ashfia Ja

Prime Bank PLC has signed a strategic agreement with Saimon Holidays, a travel management company and a business unit of Saimon Group, enabling the bank’s customers and employees to enjoy exclusive discounts on holiday packages..Joarder Tanvir Faisal, executive vice-president and head of c

Under the new rules, the authorised dealer banks may issue SME Cards

The new directive aims to simplify regulatory framework for outward remittances

The transfer will be made outside the trading system of the Dhaka Stock Exchange

Political influence major obstacle to good governance, he says

Bangladesh Bank has hiked the policy rate on 11 occasions since May 2022

The taka strengthened to 121.40 per US dollar on August 10 from 122.30 at the end of July

Bangladesh Bank has been maintaining a contractionary monetary policy stance for nearly two years to bring down inflation

Prime Bank PLC has signed an agreement with Fair Technology Limited, a business unit of Fair Group and the manufacturer and authorised distributor of Hyundai passenger vehicles in Bangladesh..Mamur Ahmed, senior executive vice-president and head of branch distribution at Prime Bank PLC, an

The Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB), two global multilateral development banks, will provide City Bank PLC $75 million in long-term financing for private sector projects with a strong focus on renewable energy and sustainable infrastructure..T

.Overdue loans given by banks to the farm sector rose further in July, signalling growing repayment stress and rising credit risk in the agricultural sector, according to a Bangladesh Bank (BB) report released this week...Unpaid loans almost doubled to Tk 23,806 crore at the en

Islami Bank Bangladesh PLC has published the results of its special competency assessment test for officials, according to a press release..Eighty-eight percent of candidates passed the examination, which was conducted by the Institute of Business Administration (IBA) at the University of

Donald Trump’s H-1B visa crackdown  will hasten US firms’ shift of critical work to India, turbocharging the growth of global capability centres (GCCs) that handle operations from finance to research and development, economists and industry insiders say.

Eastern Bank PLC (EBL) has entered into a memorandum of understanding (MoU) with the Chattogram City Corporation (CCC) to enable the corporation’s transition to digital holding tax collection..Shahadat Hossain, mayor of the Chattogram City Corporation, and Ahmed Shaheen, additional managin

Trust Bank PLC has opened its new Gulshan North Branch at Doreen Tower in Gulshan-2, Dhaka on Monday, as part of its continued expansion to provide modern, technology-driven banking solutions..Equipped with modern facilities, the branch will serve both individual and corporate clients in o