The central bank is expected to maintain a tight monetary stance for July-December

IFIC Bank is implementing a core banking system upgradation to provide customers with more sophisticated and improved banking services..Due to the upgradation process, banking services will be unavailable on July 18 at all branches and sub-branches of the bank across the country, according

Trust Bank announced a 20 percent dividend, including a 12 percent cash dividend, for the year that ended on December 31, 2023..The announcement came at the bank’s 25th annual general meeting (AGM), which was held virtually yesterday, the bank said in a press release..Maj Gen Md Juba

Prime Bank recently signed a memorandum of understanding (MoU) with Syngenta Bangladesh, an agrochemical company..Md Nazeem A Choudhury, deputy managing director of the bank, and Mohammad Hedayet Ullah, managing director of the agrochemical company, penned the MoU at the latter’s head offi

Mohammad Shamsul Islam has been re-appointed managing director of National Housing Finance (NHF) for another three-year term with effect from July 16..Islam joined NHF as additional managing director in February 2021, the company said in a press release..He successfully served the co

The Hongkong and Shanghai Banking Corporation (HSBC) Bangladesh recently signed an agreement with the Bangladesh Export Processing Zones Authority (Bepza) to relocate its export processing zone (EPZ) offices in Dhaka and Chattogram..Md Ashraful Kabir, member (investment promotion) at Bepza

The Bangladesh Financial Intelligence Unit (BFIU) recently organised a daylong training programme on “Prevention of Money Laundering and Combating Financing of Terrorism” for bank officials in Pirojpur..More than 100 senior officials from 19 banks participated in the event at the Pirojpur

Three former Rupali Bank officials, along with three of its clients, were sent to jail yesterday over the embezzlement of Tk 2.59 crore from the bank’s Mahasthangarh Branch in Bogura seven years ago.

M Amanullah, sponsor director of Mercantile Bank, has recently been elected as chairman of Mercantile Exchange House (UK) at the bank’s 443rd board of directors’ meeting..Amanullah is a former chairman of the bank and contributed heavily towards the efficiency and optimisation of Mercantil

Prime Bank recently signed a term loan agreement worth $90 million with the International Finance Corporation (IFC), a member of the World Bank Group, aimed at supporting export and import-based micro, small and medium enterprises (MSMEs) in Bangladesh..This investment aims to significantl

The unit will work under the Finance Division

Ahsan Zaman Chowdhury has been appointed as managing director of Trust Bank with effect from July 10..Chowdhury was serving the bank as deputy managing director and chief business officer concurrently prior to his new role, the bank said in a press release..He joined Trust Bank as se

Rumee A Hossain has recently been re-elected as the chairman of the board executive committee of Bank Asia at a meeting of the bank’s board of directors..Hossain is one of the sponsor directors of the bank, according to a press release..He has more than 30 years of business experienc

Dhaka Bank recently opened a branch in the Kalapara upazila of Patuakhali..Sheikh Abdul Bakir, deputy managing director and manager of the local office of the bank, inaugurated the branch as chief guest. .It is the bank’s 116th branch, according to a press release..Md Mohiuddin

BRAC Bank’s distribution network achieved a net deposit growth of Tk 5,500 crore in the first half of 2024, breaking industry records..The milestone reflects increasing customer confidence, strong engagement, and robust relationships fostered by the bank, according to a press release..<

The Bimstec FTA should be concluded within a year, they opined

The executive director of PRI Bangladesh says at ERF event

Prime Bank was recently recognised by the Bangladesh Bank for the second time as one of the top banks in its latest Sustainable Rating 2023, according to a press release..Commenting on the award, Hassan O Rashid, chief executive officer of Prime Bank, said: “Prime Bank is committed to ensu

Al-Arafah Islami Bank organised a half-yearly “Business Development Conference- 2024” at the bank’s head office in Dhaka today..Abdus Samad Labu, chairman of the bank, attended the conference as chief guest, the bank said in a press release..Farman R Chowdhury, managing director and

Premier Bank opened a relocated Islamic banking branch at MS Centre in the capital’s Mohakhali yesterday to provide modern and the best-in-class services to customers..Mohammad Abu Jafar, managing director and CEO of the bank, inaugurated the branch as chief guest, the bank said in a press