Issuing a strong warning to the Anti-Corruption Commission over its failure to press charges in any of the 56 Basic Bank loan scam cases in the last seven years,

Mutual Trust Bank (MTB) Foundation and the Bangladesh University of Engineering and Technology (Buet) organised a “Saifuddin Ahmed Chowdhury Memorial Scholarship” programme at the Buet’s academic council bhaban in Dhaka recently.

The High Court yesterday expressed disappointment at the embezzlement of large amounts of money from the state-run Basic Bank and the Anti-Corruption Commission’s failure to press charges in any of the 56 cases filed over the bank’s loan scams in the last seven years.

Bangladesh Bank has begun an investigation into Islami Bank Bangladesh Ltd for disbursing Tk 7,246 crore in loans to nine companies this year grossly violating banking rules.

Sonali Bank’s defaulted loans are very alarming, said a parliamentary sub-committee in a report.

Islami Bank Bangladesh has been the “Strongest Bank in Bangladesh” and the “Strongest Islamic bank in Bangladesh” in 2022 according to Singapore-based banking and financial intelligence platform The Asian Banker. 

Md Golam Mortuza recently joined Janata Bank as its deputy managing director.

Prime Bank recently signed an agreement with Ananta Group to provide a digital nano financing solution to factory workers through a new app, “PrimeAgrim”. 

Three new directors have been elected to the board of Meghna Bank.

Banks will be able to get back a majority of loans from a Bangladesh Bank credit guarantee scheme (CGS) if borrowers default on loans taken from a small and medium-sized enterprises (SME) refinance scheme of Tk 25,000 crore.

Jamuna Bank Limited has received approval from the Bangladesh Bank to establish an exchange house in Spain.

The Hongkong and Shanghai Banking Corporation (HSBC) Bangladesh jointly with Bangladesh Bank and National Board of Revenue (NBR) has opened up new opportunities for its clients through enabling online statutory payments (value-added tax (VAT), VAT deduction at source, duty) and paperless trade.

Meghna Bank won the International Organization for Standardization (ISO) certificate from British Standards Institution (BSI) on fulfilling standards requirements for Information Security Management Systems.

Mercantile Bank recently signed an agreement with Chattogram Water Supply and Sewerage Authority enabling the bank to collect the water and sewerage bill of Chattogram Wasa through online banking.

Midland Bank and Tredx signed a memorandum of understanding (MoU) on online supply chain finance transactions.

Bangladesh Bank today formed a Tk 5,000 crore refinance scheme to ensure food security in the country as the banking regulator thinks the world might face a food crisis in the days to come.

Global Islami Bank (GIB) saw its share prices fall below the book value on its market debut yesterday, an unusual event in Bangladesh’s stock market where companies usually register a rise, at least for the first few days. 

Singaporean bank DBS yesterday announced that it will be expanding its regional footprint with the establishment of a representative office in Dhaka.

Syed Mahbubur Rahman has recently been reappointed managing director and chief executive officer of Mutual Trust Bank (MTB). 

Bangladesh Bank yesterday allowed local importers to defer payments for foreign credit supports for another six months for industrial raw materials, agricultural equipment and chemical fertilisers.