The Bangladesh Association of Banks (BAB), the private bank owners’ forum, will work with the central bank governor and the finance adviser to rejuvenate the banking sector, weakened under 15 years of Awami League rule, said its new chairman Abdul Hai Sarker.

The defaulted loan figure is set to double as the Bangladesh Bank is set to tighten the classification rules for all types of loans by March next year to meet the International Monetary Fund’s loan conditions.

The Hongkong and Shanghai Banking Corporation Limited (HSBC) Bangladesh has structured a $65 million Sustainability Linked Loan for Viyellatex Group, a vertically integrated garment manufacturer and exporter based in Bangladesh, to support their sustainability priorities following global Loan Ma

Al-Arafah Islami Bank PLC recently promoted its official SM Abu Jafar to the post of deputy managing director (DMD)..Prior to the promotion, Jafar had been serving as senior executive vice-president since 2021, according to a press release..He started his professional banking career

Prime Bank PLC recently signed a banking services agreement with Kashpia Group..Md Shahin Howlader, managing director of Kashpia Printing & Packaging Ind Ltd, and Md Nazeem A Choudhury, deputy managing director of the bank, penned the deal at the bank’s corporate office in Dhaka, said a pr

Eastern Bank PLC (EBL) recently won four awards in different categories at the Mastercard Excellence Awards 2024..The lender was honoured with these awards for excellence in Business (Innovation), Credit Business (Domestic), POS Acquiring Business, and Online Acquiring Business categories

Pubali Bank PLC recently organised “CLS Agent Conference-2024” at the bank’s head office in the capital’s Dilkusha..Mohammad Ali, managing director and CEO of the bank, attended the conference as the chief guest, the bank said in a press release..Md Shahnewaz Khan and Mohammad Anisuz

Southeast Bank PLC recently organised a training programme on “Overview of CAMELS Rating for Banks and Internal Credit Risk Rating System (ICRRS)” at the bank’s training institute in Dhaka..All divisional heads and in-charges at the head office, along with all heads of branches and manager

Citizens Bank PLC recently organised an awareness building event on “Green Banking & Sustainable Finance” at the bank’s Training Academy in the capital’s Motijheel..A total of 35 participants from divisional or departmental heads of the head office and operation managers from branches acro

Dhaka Bank PLC won three awards at the “Mastercard Excellence Awards 2024” for creating a milestone towards digitalising the financial services of the country’s banking sector..The lender clinched the “Excellence in Mastercard Credit Business (Domestic) 2023-24” award for 100 percent domes

NRB Bank PLC recently arranged its “Annual Risk Conference 2024” at the bank’s head office in the capital’s Gulshan..It is a part of the bank’s augmented commitment to build a robust culture of business, governance and risk management in alignment with regulatory expectations..This y

Bank Asia PLC, in collaboration with “BIC, Uttoron”, organised a workshop, styled “Women Entrepreneurship Development & Access to Banking Finance”..A total of 53 women entrepreneurs took part in the daylong workshop, the bank said in a press release..Md Shaminoor Rahman, senior execu

Pubali Bank PLC recently donated a microbus to Hathazari Govt College under its corporate social responsibility (CSR) fund..Mohammad Ali, managing director and CEO of the bank, handed over the key of the microbus to Prof Zahid Mahmud, principal of the college, on the college premises at Ha

Depositors are now being affected as ailing banks are unable to return their money, experts said during a discussion, adding that the central bank should keep crisis-hit banks alive by providing liquidity support, opting to liquidate weak lenders or merging them with sound ones.

Standard Bank organised a “Shariah Awareness Programme” for branch heads, manager operations and investment in-charges of branches of the bank in a bid to increase awareness about Shariah compliance in banking activities..Md Habibur Rahman, managing director and CEO of the bank, presided o

Eastern Bank PLC (EBL) won the silver award in the Private Commercial Bank category in recognition of its contributions to the banking sector and national economy at the ICMAB Best Corporate Award 2023..Finance Adviser Salehuddin Ahmed handed over the award to Ali Reza Iftekhar, managing d

Meghna Bank PLC recently organised its 178th meeting of the board of directors at the bank’s head office in the capital..Tanveer Ahmed, vice-chairman of the bank, presided over the meeting, the commercial lender said in a press release..The meeting discussed the ongoing business perf

Prime Bank Investment Ltd, a subsidiary of Prime Bank Limited, recently launched an AI-powered digital assistant chatbot, styled “PrimeInvest”..This innovative tool is designed to transform client interactions in the investment banking sector in Bangladesh, marking a first in the industry.

BRAC Bank recently won four awards at the Visa Leadership Bangladesh Conclave 2024 in recognition of its outstanding business..The bank secured the awards in “Excellence in Consumer Debit Card”, “Commercial Debit Card”, “Merchant Acquiring POS”, and “Value-Added Services” categories, the b

The accounts will remain frozen for 30 days in the first phase