Brac Bank has achieved a milestone of opening the 800th agent banking outlet recently.

Banks with surplus funds in Bangladesh are increasingly preferring government securities to lending to the private sector as the former gives higher yields amid the continued interest rate cap.   

Dhaka Bank in association with VISA recently launched a prepaid card product called Aspire Student Prepaid Card.

Islami Bank Bangladesh Ltd (IBBL) recently won the ‘Best Bank in Bangladesh’ Award at the South Asian Business Excellence Awards 2022, an initiative of the South Asian Partnership Summit (SAPS).

Abdul Kadir Molla has been re-elected chairman of South Bangla Agriculture and Commerce Bank for the second term with effect from September 26.

City Bank won a “Leading Partner Bank in Bangladesh” award at the Trade and Supply Chain Finance Program (TSCFP) Awards 2022 of Asian Development Bank (ADB) recently for the highest number of transactions with the regional development bank. 

NRBC Bank recently won six prizes in six different categories of the South Asian Business Excellence Awards 2022 as the best bank for its resilience and digital transformation.

Bangladesh Bank recently took a set of initiatives to bring about an effective floating exchange rate, meaning that which will rise or fall based on supply and demand, to bring back stability in the foreign exchange market. 

Mercantile Bank Ltd won South Asian Business Excellence Award-2022 as the “Best Bank in the Private Sector” by South Asian Partnership Summit. 

The Bangladesh Bank has served show-cause notices on a good number of officials, asking them to explain how could media outlets published reports based on the central bank's findings on several banking scams.

Financial wellness platform Wagely Bangladesh this week hosted its sixth “wagely day” on the premises of garment manufacturer SQ Group. 

The central bank yesterday ordered six banks to spend 50 per cent of the profits they had earned from their foreign exchange businesses unethically between May and June for corporate social responsibility (CSR) programmes. 

A new digital platform rolled out by the Bangladesh Bank has opened a new horizon for local businesses to do trade with foreign currencies on a real-time basis.

South Bangla Agriculture and Commerce (SBAC) Bank and the Institute of Chartered Accountants of Bangladesh (ICAB) signed a memorandum of understanding (MoU) over documents verifications system (DVS) in Dhaka recently.

The six banks are Standard Chartered Bangladesh, Brac Bank, Dutch-Bangla Bank, The City Bank, Southeast Bank and Prime Bank.

The stock market regulator will investigate whether Bay Leasing and Investment has used unfair means while preparing its financial report as the company’s earnings swung significantly in 2021.

Midland Bank gets nod to raise Tk 70 crore through issuing seven crore ordinary shares in an initial public offering (IPO).

The Brac Bank agent banking team recently organised an Uthan Boithak, a knowledge-sharing engagement, for tea workers in Bahubal of Habiganj.

Bangladesh’s foreign exchange reserves today dipped below $37 billion due to high import payments against the slower than expected export earnings.

Scam-hit International Leasing Financial Services Ltd (ILFSL) has decided to offer shares of the company against its deposit and loan payments as part of its effort to revive the company.