Banking
Prime Bank, Hishabee strike MoU to boost retail banking
Prime Bank recently signed a memorandum of understanding (MoU) with Hishabee, a business management startup in Bangladesh, to transform its retail banking through innovative digital integration.
Bank Asia, Mastercard launch ‘World Elite Mastercard Credit Card’
Bank Asia and Mastercard launched the “World Elite Mastercard Credit Card”, aiming to provide a wide range of offers and benefits to cardholders on both domestic and overseas spending.
Eastern Bank declares 25% dividend
Eastern Bank has declared a 25 percent dividend, including 12.50 percent cash dividend, for the year that ended on December 31, 2023.
United Power logs Tk 312 crore profit in Q3
The company's profit rose to Tk 312.45 crore from Tk 248.1 crore in the third quarter of 2022-23
IFIC Bank’s profit falls due to lower operating income
IFIC Bank PLC’s profit declined nearly 13 percent year-on-year to Tk 300.21 crore in the year that ended on December 31
Forceful bank merger not the right step, says former governor Farashuddin
Forceful mergers of banks will not be the right step and banks should agree for the consolidation in the first place, said Mohammed Farashuddin, a former governor of the Bangladesh Bank
Sonali Bank gets new DMD
Sonali Bak has appointed Shamim Uddin Ahmed as its deputy managing director (DMD).
Tax revenue’s 43% spent on govt salaries
Public employees’ pay rises 406% in 12 years, a PRI study finds
Dhaka Bank holds orientation for newly recruited MTOs
Dhaka Bank recently arranged an orientation programme for newly-recruited management trainee officers (MTOs) of the bank at the Dhaka Bank Training Institute (DBTI) in Dhaka.
Bank Asia Securities holds AGM
Bank Asia Securities Limited recently organised its 13th annual general meeting (AGM) at Bank Asia’s board room at Rangs Bhaban in the capital’s Bijoy Sarani.
City Bank strikes deal to sell Pioneer Insurance Company’s products
City Bank has signed a bancassurance agreement with Pioneer Insurance Company to commence the sale of non-life insurance policies.
Shams Zaman, PwC Bangladesh’s new country managing partner
He has over 28 years of professional experience
Shahjalal Islami Bank posts highest profit in 5 years
Shahjalal Islami Bank PLC reported a net profit of Tk 362.48 crore for the year ended December 31, the highest in five years
Dhaka Bank’s 2023 profit up 4%
Dhaka Bank registered a 4 percent year-on-year growth in profit to Tk 173 crore in 2023.
National Bank holds 498th board meeting
National Bank recently arranged the 498th meeting of its board of directors at its head office in Dhaka.
Renata’s Q3 profit grows 21%
The drugmaker’s nine months’ profit exceeds FY22’s full year figure
Midland made highest ever profit in 2023
Midland Bank made a profit of Tk 113.22 crore in 2023, the highest ever in the history of the bank
Bank Asia's profit fell 31% in 2023
Bank Asia PLC suffered a 31.7 percent year-on-year decrease in profit to Tk 208.9 crore in 2023
