BRAC Bank PLC recently signed a strategic partnership agreement with Quality Feeds Limited, an animal feed manufacturer in Bangladesh, to digitise their cash management process..M Basir Rahman, director for finance and risk management at the feed manufacturing company, and Tareq Refat Ulla

Southeast Bank PLC recently organised the “BAMLCO Conference-2024” at the bank’s head office in the capital..A total of 350 participants, including heads of branches, branch anti-money laundering compliance officers (BAMLCOs), in-charges of sub-branches and offshore banking units (OBUs) to

Deposited money is safe in banks, Husnay Ara Shikha says

Habib won the first prize in the private sector category for series reports on "War hit private sector harder than pandemic"

Pubali Bank PLC launched an “Islamic Corner” at its Dhaka Stadium Corporate Branch as part of its nationwide service to cater to the growing demand for Shariah-compliant banking services..The bank’s customers can easily access all Islamic banking services through these dedicated corners, w

Southeast Bank PLC, in collaboration with Mastercard and Zantrik Limited, a vehicle maintenance startup, recently launched a prepaid card for the growing number of car owners in the country..The new card will offer a wide range of benefits to cardholders, allowing them to control their fue

Dhaka Bank PLC opened a relocated CEPZ SME service centre and offshore banking unit at Commercial Complex, Dakshin Halishahar in Chattogram EPZ to provide the best-in-class and advanced services to its customers..Abdul Hai Sarker, chairman of the bank, inaugurated the services centre as ch

Citizens Bank PLC recently opened a new branch at Agrabad in Chattogram..Mohammad Masoom, managing director and chief executive officer of the bank, inaugurated the branch, the bank said in a press release..Local businessmen, clients and other senior officials of the bank, among othe

United Commercial Bank (UCB) PLC opened a branch at Tekerhat in Madaripur yesterday..Mohammad Mamdudur Rashid, managing director and CEO of the bank, inaugurated the branch, said a press release..“UCB has taken time-befitting initiatives to make banking services modern, safe, easy an

City Bank PLC reported a 77 percent increase in profit to Tk 1,653 crore in the July-September period of 2024 driven by its cautious approach toward loan provisioning..The operating profit was Tk 932 crore during the same period of the last year, said a press release..The bank disclo

Eastern Bank PLC signed an agreement with the International Centre for Diarrhoeal Disease Research, Bangladesh (icddr,b) to provide support in healthcare waste management and addressing water scarcity in coastal Bangladesh..As part of corporate social responsibility, the total support prov

Agrani Bank PLC yesterday promoted a deputy managing director to the post of chief executive officer (CEO) for a three-year term..The official, Md Anwarul Islam, had joined as a senior officer in 1988 and served as the general manager of Dhaka, Khulna and Faridpur, as well as the zonal hea

Al-Arafah Islami Bank PLC organised a “Business Development Conference-2024” for managers of its 42 Chattogram branches at a hotel in the port city recently..The event was presided over by Farman R Chowdhury, managing director and CEO, and moderated by Md Fazlur Rahman Chowdhury, deputy ma

A new chairman has been appointed to Bangladesh Development Bank PLC..The appointee, Ahmed Ismet, was an adviser to the board of Wall Street Exchange, Dubai..He previously worked as managing director (current charge) and head of consumer banking concurrently in Eastern Bank PLC, the

Mutual Trust Bank (MTB) PLC has signed an agreement with the Mirpur Agricultural Workshop and Training School (MAWTS) recently to provide payroll banking services..Syed Mahbubur Rahman, managing director and CEO of the bank, and James Gomes, director of the MAWTS, penned the deal at the ba

Southeast Bank PLC recently signed a memorandum of understanding (MoU) with bKash to provide 24/7 cash management services to the distributors, agents and merchants of bKash through linked Southeast Bank accounts..Nuruddin Md Sadeque Hossain, managing director of the bank, and Kamal Quadir

Women now account for 49.67 percent of the total deposits made through agent banks

Bangladesh Bank recommends 17 cyber security measures for banks

Islami Bank Bangladesh PLC has promoted six senior executive vice-presidents to the post of deputy managing director (DMD)..The promotees are Mahmudur Rahman, Md Rafiqul Islam, Muhammad Sayeed Ullah, KM Munirul Alam Al-Mamoon, M Kamaluddin Jasim and Md Maksudur Rahman, the bank said in a p

Eastern Bank PLC recently signed an agreement with Best Western Heritage, a luxury hotel in Cox’s Bazar..M Khorshed Anowar, deputy managing director and head of retail and SME banking of the bank, and Md Shamim Hasan, head of sales and marketing of the hotel, penned the deal at the bank’s