Padma Bank holds 125th board meeting

Padma Bank PLC recently held 125th board meeting at its head office in Dhaka, according to a press release..Md Shawkat Ali Khan, chairman of Padma Bank and managing director and CEO of Sonali Bank PLC, presided over the meeting..Kazi Md Talha, chief executive officer (current charge)
4 May 2025, 14:30 PM

BRAC Bank’s branch network posts Tk 5,000 crore deposit growth in Q1 of 2025

BRAC Bank’s branch network recorded a net deposit growth of Tk 5,000 crore in the first quarter of 2025, reflecting sustained momentum in deposit mobilisation..This accomplishment builds upon a consistent upward trajectory in deposit accumulation by the bank’s distribution network over the
4 May 2025, 14:25 PM

Jamuna Bank signs corporate health deal with Universal Medical College & Hospital

Jamuna Bank PLC has recently entered into a corporate health agreement with Universal Medical College & Hospital Limited..Mirza Elias Uddin Ahmed, managing director and CEO of the bank, and Ashish Kumar Chakraborty, managing director of the medical college and hospital, signed the agreemen
4 May 2025, 14:19 PM

Rashed, Arif elected chairman, vice-chairman of MTB

Rashed A Chowdhury and Arif Dowla have been elected chairman and vice-chairman, respectively, of Mutual Trust Bank (MTB) PLC..Their appointments were confirmed during the 320th meeting of the bank’s board of directors, held recently at its head office in Dhaka, according to a press release
4 May 2025, 14:07 PM

National Bank posted Tk 1,706 crore loss in 2024

The bank attributed the loss to rising interest expenses and continued non-recovery from loan defaulters
4 May 2025, 13:15 PM

Remittance rises 35% in April

Bangladeshi migrants sent home $2.75 billion in the month
4 May 2025, 12:09 PM

Shahjalal Islami Bank’s profit drops 52%

The bank made Tk 169.17 crore in 2024
4 May 2025, 11:45 AM

Pubali Bank signs deal with Bangladesh Bridge Authority

Pubali Bank PLC has entered into an agreement with the Bangladesh Bridge Authority (BBA) for the collection of tolls on the Padma Bridge through an electronic toll collection (ETC) system, facilitated via Pubali Bank’s mobile banking application, PI..Md Rabiul Alam, deputy general manager
3 May 2025, 14:27 PM

Remittance surges 37% in April

Migrants sent home $2.6 billion in the first 29 days of April
1 May 2025, 05:36 AM

BRAC Bank, City Bank surpass Tk 1,000cr in net profits

Private commercial lenders BRAC Bank and City Bank registered significant profit growth last year..BRAC Bank’s consolidated profit surged 73 percent year-on-year to nearly Tk 1,432 crore, while that of City Bank rose by 59 percent to around Tk 1,014 crore..BRAC Bank reported consolid
30 April 2025, 15:12 PM

Jamuna Bank, Bangladesh Bridge Authority sign deal

Jamuna Bank PLC has entered into an agreement with the Bangladesh Bridge Authority (BBA) to facilitate the implementation of a modern, transparent, time-efficient, and technology-driven toll collection system on the Padma Bridge..Under the terms of the agreement, both parties will collabor
30 April 2025, 14:50 PM

Mercantile Bank conducts training on money laundering prevention

Mercantile Bank PLC organised a daylong training programme titled “Prevention of Money Laundering & Combating Financing against Terrorism” for officials from the Chattogram, Feni, Noakhali, and Cumilla regions..The event was held at Chattogram Club in the port city recently..Accordin
30 April 2025, 14:18 PM

Abdus Salam elected vice-chairman of NCC Bank

Abdus Salam, a sponsor director, has been elected vice-chairman of NCC Bank PLC..The election took place during a recent meeting of the bank’s board of directors, according to a press release..Over the decades, he has distinguished himself as an authority in electromechanical install
29 April 2025, 14:42 PM

IFIC Bank to offer payroll banking services with ICB employees

IFIC Bank PLC has signed a memorandum of understanding (MoU) with the Investment Corporation of Bangladesh (ICB) to provide payroll banking services for ICB’s employees..Md Nazimul Hoque, chief manager of principal branch at the bank, and Md Anwar Shamim, general manager of ICB, signed the
29 April 2025, 14:37 PM

Al-Arafah Islami Bank opens hajj booth in Ashkona

Al-Arafah Islami Bank PLC has opened a hajj booth to provide services to hajj pilgrims at Ashkona Hajj Camp on Monday..Mohd Rafat Ullah Khan, managing director (current charge) of the bank, inaugurated the booth as the chief guest, said a press release..In his speech, Khan said, “Haj
29 April 2025, 14:27 PM

EXIM Bank launches hajj booth at Ashkona Hajj Camp

EXIM Bank PLC yesterday launched a hajj booth at the Ashkona Hajj Camp to provide essential services to pilgrims during the hajj season..M Akhter Hossain, managing director (current charge) of the bank, inaugurated the booth as the chief guest, according to a press release..The booth
29 April 2025, 14:20 PM

Trust Bank signs MoU with Bangladesh Jail for payroll banking services

Trust Bank PLC has recently signed a memorandum of understanding (MoU) with Bangladesh Jail..Under this MoU, all personnel employed by Bangladesh Jail nationwide will be eligible to open salary accounts with Trust Bank and avail themselves of a comprehensive suite of banking services..<
29 April 2025, 14:15 PM

Prime Bank strikes MoU with ICB Asset Management

Prime Bank PLC has entered into a memorandum of understanding (MoU) with ICB Asset Management Company Limited (IAMCL) to boost the sales of units of open-end mutual funds managed by IAMCL..Prof Abu Ahmed, chairman of the Investment Corporation of Bangladesh and IAMCL, and M Nazeem A Choudh
29 April 2025, 14:06 PM

BRAC Bank’s profit jumped 73% in 2024  

The bank reported consolidated earnings per share of Tk 6.95 in 2024
29 April 2025, 09:33 AM

Al-Arafah Islami Bank provides Tk 10 lakh to Dhaka University

Al-Arafah Islami Bank PLC has provided financial aid worth Tk 10 lakh for the construction of a data analytics and service centre at the Department of Statistics of the University of Dhaka..Mohd Rafat Ullah Khan, managing director (current charge) of the bank, handed over the cheque of the
28 April 2025, 14:30 PM