Mohammad Abdul Mannan has recently been made chairman of the reconstituted board of directors of First Security Islami Bank PLC..Previously, Mannan served as managing director of Islami Bank Bangladesh PLC for a long time, according to a press release..Although there were some previo

A new chairman has been appointed at state-owned Agrani Bank, according to a letter issued by Financial Institutions Division under the Ministry of Finance yesterday..The appointee, Syed Abu Naser Bukhtear Ahmed, was once appointed by the government in 2004 to serve as the managing directo

BRAC Bank’s branch network logged net deposit growth of Tk 1,600 crore in August this year..This is a commendable achievement as the growth has been accomplished despite the unstable political situation in the country, which caused prolonged disruption of banking operations, according to a

Shahjalal Islami Bank PLC recently donated a financial relief package worth Tk 1.50 crore for flood-affected people in different districts of the country under its corporate social responsibility (CSR) programme..The aid will be deposited to the Chief Adviser’s Relief and Welfare Fund for

Midland Bank PLC recently donated a financial relief package worth Tk 60 lakh for flood-affected people in different districts of the country..Of the sum, Tk 50 lakh came from its Annual Corporate Social Responsibility (CSR) Programme 2024, the bank said in a press release..The bank

Asif Zahir was recently appointed as chairman of National Finance Ltd..Zahir is the deputy managing director of Ananta Group, a conglomerate engaged in apparel and textile manufacturing, real estate, digital commerce and financial services, according to a press release..He is part of

Shahjalal Islami Bank PLC signed a remittance drawing agreement with Placid Express, a USA-based remittance company..Mosleh Uddin Ahmed, managing director of the bank, and Mohammed Rashid, director of the USA-based remittance company, penned the deal at the bank’s corporate head office in

National Bank Limited recently opened a relocated Mohila branch at Rupnagar in the capital's Mirpur..Md Touhidul Alam Khan, managing director and CEO of the bank, inaugurated the branch as chief guest, according to a press release..Imran Ahmed, deputy managing director, was present a

Three state-run banks far exceeded their limits to salvage a coal-fired power plant project of an Orion Group subsidiary, which was stalled for six years, with Tk 10,579 crore in loans thanks to policy relaxation by the Bangladesh Bank under the now-ousted Sheikh Hasina government.

Pubali Bank PLC has donated a financial relief package worth Tk 5 crore for flood-affected people in different districts of the country..The aid will be given to the Chief Adviser’s Relief and Welfare Fund..Additionally, the bank’s employees have contributed Tk 1 crore, the equivalen

Md Fariduddin Ahmed has been appointed as chairman and an independent director of Union Bank by Bangladesh Bank..Farid has extensive experience in Islamic banking and finance, according to a press release..He started his professional banking career with Sonali Bank in 1977..He

Md Anwarul Haque has been elected chairman of Mercantile Bank..Haque was the vice-chairman as well as the chairman of the executive committee and risk management committee concurrently prior to the new responsibility, the bank said in a press release..He is also the managing director

Prime Bank recently launched a new Islamic payroll banking service named “Prime Hasanah Payroll Banking” to meet the growing demand for Shariah-compliant financial solutions..Nazeem A Choudhury, deputy managing director of the bank, inaugurated the service at the bank’s corporate head offi

Eastern Bank Limited (EBL) yesterday launched a new financial service named “Shariah-based Islamic Banking Services”..Primarily, the services will be provided in 20 branches of the bank across the country through 20 Islamic banking windows..There will also be designated Islamic banki

S Alam Group's control over First Security Islami Bank Ltd (FSIBL) ended today after the Bangladesh Bank reconstituted the board of the Shariah-based bank, which was heavily dominated by individuals linked to the Chattogram-based conglomerate..The central bank dissolved the previous 11-mem

Islami Bank, the largest private bank by deposits in 2017, was a lucrative target for Sheikh Hasina’s cronies when an influential business group with her blessing occupied it by force – a “perfect robbery” in Bangladesh’s banking history.

NCC Bank donated a financial relief package worth Tk 2 crore for flood-affected people as a part of its corporate social responsibility..The sum was given to the Chief Adviser's Relief and Welfare Fund..Md Monirul Alam, deputy managing director of the bank, and Md Anwar Hossain, head

AB Bank announced a financial relief package worth Tk 5 crore for flood-affected people in different districts of the country..A fund has been created with an initial deposit of Tk 2 crore to supply relief materials to flood-affected people and for subsequent rehabilitation, according to a

Officers and employees of Premier Bank recently donated a financial relief package worth Tk 1 crore to assist flood-affected people in various districts of the country..The sum will be given to the Chief Adviser’s Relief and Welfare Fund, according to a press release..“In this critic

Salahuddin Alamgir, chairman and CEO of Labib Group, was elected as chairman of Modhumoti Bank’s executive committee in the 79th meeting of its board of directors at its head office in Dhaka recently..Alamgir is a prominent business personality with more than 25 years of experience in dyei