Bank branches, booths, hotels, and gift shops are now formally allowed to apply to the central bank for a limited money changer licence by paying a Tk 50,000 fee..In detailed guidelines on the matter issued yesterday, the central bank stated that it has permitted certain entities to operat

NRB Bank PLC has achieved a significant milestone in its credit card portfolio, with outstanding dues exceeding Tk 400 crore..To date, the bank has issued 67,000 active credit cards..In celebration of this achievement, the bank recently organised a commemorative event at its corporat

Pubali Bank PLC has donated an ambulance to Noakhali Science and Technology University as part of its corporate social responsibility (CSR) initiative..Mohammad Ali, managing director and chief executive officer of the bank, handed over a symbolic key to Prof Mohammad Ismail, vice-chancell

Dutch-Bangla Bank PLC recently organised a workshop on agricultural research projects titled “DBBL-CSR Grant for Technology Incubation in Agriculture”, held at a hotel in the capital..Abul Kashem Md Shirin, managing director and CEO of the bank, presided over the inaugural session of the e

Citizens Bank PLC recently organised a daylong training session on “Integrated Supervision System (ISS) Reporting” at its training academy in the capital..Md Abdul Latif, deputy managing director of the bank, inaugurated the programme as the chief guest, according to a press release..<p

Al-Arafah Islami Bank PLC has recognised the winners of its “Eid-ul-Azha Remittance Campaign 2025”, an initiative aimed at encouraging remittance inflow through legal and official channels..Mohd Rafat Ullah Khan, managing director (current charge) of the bank, presented awards to the winne

Local banks can now lend up to 60% of project cost to foreign firms

Jamuna Bank PLC has appointed Mohammad Jahangir Alam to the post of deputy managing director (DMD), effective from July 1 this year..Prior to joining Jamuna Bank, Alam served as a senior executive vice-president and cluster head of the public sector, public-private partnership (PPP), and s

Eastland Insurance PLC has declared a 10 percent cash dividend for the financial year that ended on December 31, 2024..The announcement was made during the company’s 38th annual general meeting (AGM), which was held virtually on Monday, according to a press release..The meeting was c

NRBC Bank PLC has reached a significant milestone, with deposits surpassing Tk 20,000 crore as of 30 June 2025..To commemorate the achievement, the bank organised a celebratory event at its head office in Dhaka on Monday, marking the occasion as a reflection of the enduring trust and confi

Midland Bank PLC has signed a memorandum of understanding (MoU) on cash management solutions with United Express, a globally operating courier service, and Imex Plus Limited, a major importer of dental products and office stationery..Mohammad Javed Tarek Khan, head of the institutional ban

State-owned Rupali Bank seeks Tk 680 crore government equity infusion

Eleven more banks that were hit by irregularities and scams during the Awami League government’s tenure are set to undergo an asset quality review (AQR) by global audit firms.

Southeast Bank PLC has recently inaugurated its CEPZ branch at the Commercial Complex within the Chattogram Export Processing Zone (EPZ), aiming to expand access to modern banking services..According to a press release, this marks the bank’s 136th branch..The new branch will offer a

Mercantile Bank PLC has executed the proof of concept (PoC) for a green Letter of Credit (LC), marking the bank’s first inland LC transaction on a domestically developed blockchain-based digital trade platform..Mati Ul Hasan, managing director of the bank, inaugurated the PoC at a ceremony

City Bank PLC has declared a 25 percent dividend, including a 12.5 percent cash dividend, for the year 2024..The announcement was made during the bank’s 42nd annual general meeting (AGM), which was held virtually on Sunday, according to a press release..Aziz Al Kaiser, chairman of th

Remittance inflows crossed the $30 billion mark on Saturday, two days before the fiscal year is due to end, making it the highest receipts yet in Bangladesh’s history.

BRAC Bank has won the gold award in the Process Innovation category at the 10th Infosys Finacle Innovation Awards 2025 for its “Automated Transaction Profiling Review and Adjustment” initiative..Nurun Nahar Begum, chief technology officer of the bank, accepted the award at the ceremony hos

BRAC Bank has entered into a strategic partnership with Visa, a global leader in digital payment solutions, to introduce “Visa Direct for Account”, a faster, more reliable, and cost-effective solution for outward international money transfers..Md Shaheen Iqbal, deputy managing director and

IFIC Bank PLC, in collaboration with the Department of Anthropology at the Shahjalal University of Science and Technology (SUST), recently organised a workshop on financial literacy on the university campus..The initiative aimed to equip students with practical knowledge of personal financ