Banks in Bangladesh are raising the interest rate on deposits gradually in order to lure depositors and improve their liquidity situation amid a lack of appetite among savers because of the stubbornly high inflation. 

Bangladesh and Japan yesterday outlined areas of focus for a joint study that would act as a principal guideline for signing an economic partnership agreement (EPA) to increase bilateral trade and investment between the two countries.

NRB Commercial Bank’s losses widened in the April-June quarter of 2023.

Uttara Bank’s profits fell 18 per cent year-on-year in the first six months of 2023.

United Commercial Bank PLC suffered a 43.50 per cent year-on-year decline in profit in April-June of 2023 owing to a significant decrease in operating profit stemming from a spike in interest expenses on deposits and borrowings and operating expenditures.    

AB Bank Ltd posted a 34.75 per cent year-on-year growth in profit in the April-June quarter of 2023.

The revenue collection target set for the Burimari land port by the National Board of Revenue has remained unmet for the last couple of years.

Asia Insurance Ltd has reelected its chairman Yussuf Abdullah Harun at a meeting of its board of directors on Monday. 

A total of 73 exporters have been named as the winners of “National Export Trophy” for fiscal year 2020-21 for earning the highest amounts of foreign currencies. 

Mutual Trust Bank Ltd (MTB) recently enabled use of its MTB Smart Banking app free of data charges on Grameenphone, Airtel, Banglalink and Robi networks. 

GPH Ispat Ltd signed a memorandum of understanding with Evercare Hospital Dhaka recently enabling employees and their dependents to avail privileges and discounts on medical services. 

US-Bangladesh Business Council has incorporated Eric M Walker, president and managing director of Chevron Bangladesh, as a board member. 

First Security Islami Bank Ltd organised a half-yearly “Business Review Conference” reviewing performances of branches in the last January-June period and providing directives on attaining the year’s targets.  

Brac Bank signed a deal with Bangladesh Agricultural University (BAU) recently to finance a two-year project for conducting research and training coastal farmers, local government officials and community leaders to better deal with salinity in arable land and increase harvests.  

Nita Company brings in 30 Tata pickup vans worth 1.24 crore rupee through Benapole

Eric M Walker is also the managing director of Chevron Bangladesh

It collected Tk 94.6 crore in revenue in FY23, which was 28.23% down from target

Its EPS rose to Tk 0.43 in 2023's H1 from Tk 0.41 in 2022's H1

It hit Tk 0.51 in the negative from Tk 0.065 in the negative in 2022's Q2

Its EPS hit Tk 1.64 in 2023's H1, down from Tk 2 in 2022's H1