Al-Arafah Islami Bank Ltd (AIBL) yesterday signed a participating financial institution (PFI) agreement with Bangladesh Bank to avail pre-financing under a project styled ‘Program to Support Safety Retrofits and Environmental Upgrades in the Bangladeshi RMG sector Project (SREUP)’.

Mutual Trust Bank (MTB) launched a two-day “MTB Home Loan Carnival 2023” at Dhaka Export Processing Zone (DEPZ) yesterday with the theme of “Unlock Your Dream Home”. 

The Islamic banking sector in Bangladesh continues to face liquidity challenges because of weak governance and regulatory quality, Fitch Ratings said.

Troubled state-run lender Janata Bank continues to be overly lenient towards AnonTex Group, one of its five large borrowers, despite negligible loan recovery in 13 years from the garment manufacturer.

AB Bank Ltd signed an agreement with bKash yesterday enabling remittance to be sent directly to the beneficiary’s mobile financial service (MFS) wallet through the lender. 

IFIC Bank PLC has recently promoted a senior executive vice-president to the post of deputy managing director (DMD). 

Prime Bank signed an agreement with Prime Bank Securities Limited (PBSL) recently to provide automated banking solutions through its digital platform PrimePay. 

United Commercial Bank (UCB) organised a daylong agricultural entrepreneurship skills development trainings styled “Voroshar Notun Janala” under an Agro-CSR Project 2023 at Nehal Green Park in Kishoreganj and at Regional Cooperative Training Centre in Narsingdi yesterday. 

IFIC Bank PLC has recently promoted a senior executive vice-president to the post of deputy managing director (DMD).

The Bangladesh Bank yesterday sat with the managing directors of Padma Bank and South Bangla Agriculture and Commerce (SBAC) Bank to know about the reasons for the reported resignation.

Eastern Bank PLC, in collaboration with Mastercard, yesterday unveiled “WEAREBL,” the country’s first wearable payment device featuring cutting-edge NFC technology.

Community Bank Bangladesh Ltd organised a celebration at the police headquarters yesterday marking its fourth anniversary. 

Mercantile Bank PLC organised a conference on “Prevention of Money Laundering and Combating Financing of Terrorism” in Feni recently for agent outlets of Cumilla and Noakhali. 

Trust Bank Ltd organised a conference on preventing money laundering and combating financing of terrorism at BURO Bangladesh’s Cumilla office recently for its officials of the Cumilla region. 

The Hongkong and Shanghai Banking Corporation (HSBC) signed an agreement with garment manufacturer Ha-Meem Group recently on using online platform HSBCnet to streamline their payments to multiple vendors through a consolidated file upload. 

Bengal Commercial Bank recently signed an agreement with National Exchange Company SRL to enhance remittance services.

Trust Bank Limited (TBL) has decided to buy 2.21 crore ordinary shares of Trust Axiata Digital Ltd from Axiata Digital Services Sdn Bhd.

Pubali Bank had deposits amounting to Tk 54,994 crore and current capital of approximately Tk 4,322 crore as of June this year. 

IFIC Bank PLC signed a memorandum of understanding (MoU) with Kumudini Nursing College recently to support 200 students enrolled in the Diploma in Nursing course for academic year 2023-24 as a part of its corporate social responsibility. 

Neera, Prime Bank’s services tailored for women, and Wander Woman, a women-centric travel and networking platform in Bangladesh, entered into a deal recently enabling discounts for the bank’s customers availing the latter’s products and services.