Mutual Trust Bank Limited has won a “Best Commercial Bank in Bangladesh 2023” award of International Business Magazine for its performance and innovative solutions. 

Social Islami Bank Limited made a Tk 206.83 crore profit in 2022, up more than 18 per cent a year earlier, despite alleged loan irregularities and abrupt resignations by the board chairman and a top official.

TIB urges government

A senior official of Dhaka Bank Limited has recently been promoted to the post of deputy managing director (DMD).

Mutual Trust Bank Limited won a “Best SME Bank Bangladesh 2023” award of Global Business Magazine for its contribution in the development of the cottage, micro, small, and medium enterprise sector in Bangladesh. 

First Security Islami Bank Limited’s profit declined 12.18 per cent year-on-year to Tk 293.93 crore in 2022.

United Commercial Bank Ltd reported a 32 per cent increase in profit to Tk 330.47 crore in 2022.

The effort will also help in ensuring efficient use of power and fuel, the Bangladesh Bank said

Bangladesh Bank says today

The Shariah-based bank made a profit of Tk 334.72 in 2021

The bank's profit hit Tk 330.47 crore in 2022, up from Tk 250.31 crore in 2021

The formula will be followed from July this year

The OBS item is a term for assets or liabilities that do not appear on a balance sheet

Clients are not allowed to enjoy new funds from the scheme if they have overdue export bills

The private commercial bank posted a profit of Tk 555.90 crore in 2021.

The bank’s profit rises 6.5 per cent year-on-year

The bank reported consolidated earnings per share of Tk 2.57 for the last financial year compared to Tk 1.49 in 2021.

Banks in Bangladesh are raising the interest rate on deposits to pull funds with a view to tackling the liquidity shortage and meeting a higher demand for loans. 

Banks remained open on a limited scale in the industrial areas, including Dhaka city, today to facilitate the payments of salaries, wages and festival allowances to garment workers ahead of Eid-ul-Fitr.

United Commercial Bank (UCB) recently signed an agreement with Syngenta Bangladesh Limited and UCB Fintech Company Limited (Upay) for the former to provide agricultural loans to registered farmers at a low interest rate.