Banking
Cash subsidy for exports surges. Only garment yields expected results
The government’s cash incentive against export receipts has soared over the years although many sectors could not make their mark in the global market, bringing in limited results for the government’s diversification initiative.
Business leaders call for interest rate ceiling
The Bangladesh Bank told businesspeople that the lending rates will not exceed 14 percent, according to the leaders of several trade bodies.
Islami Bank, Mastercard name winners of Transfast-Islami Bank Remittance Campaign
Islami Bank Bangladesh and Transfast, a remittance brand of Mastercard, declared the winners of the “Transfast-Islami Bank Remittance Campaign”.
Jamuna Bank Q1 profit up 23%
In Jan-Mar, the bank made a profit of Tk 164 crore this year, up from Tk 134 crore last year
Dhaka Bank’s Q1 profit highest in 4 years
The bank's profit rose 26% year-on-year to Tk 60.39 crore in Jan-Mar period of 2024
Islamic banks lose Tk 8,496 crore deposits in a month
Deposits in Islamic banks reduced, but in Islamic banking branches of conventional banks rose
IFIC Bank gets new DMD
IFIC Bank has recently promoted an official to the post of deputy managing director (DMD).
ShareTrip Pay, MTB strike deal to launch travel wallet solution
Mutual Trust Bank recently signed a strategic alliance agreement with ShareTrip Pay, the country’s first travel wallet and a concern of ShareTrip, to launch a travel wallet solution.
Prime Bank wins 3 awards at Asset Triple A Awards 2023
Prime Bank won accolades in three categories at The Asset Triple A Awards 2023 in Bangladesh for its contribution to sustainable finance.
SBAC Bank launches ‘SBAC Smart Banking Services’
SBAC Bank recently launched a new digital products platform, styled “SBAC Smart Banking Services”, in celebration of the bank’s 11th founding anniversary.
Bangladesh Bank says ‘reserve heist’ report is fake
It was “absolutely fake” news, Bangladesh Bank spokesman Mezbaul Haque said today.
BRAC Bank to get $50 million loan from British International Investment
The bank will support 3,500 MSMEs and women-led businesses in Bangladesh
Steel prices set to rise in Bangladesh: analysts
The US dollar rate hikes will fuel steel raw material cost, they said at Bangladesh International Trade Summit
Bank Asia’s first-quarter profit down 41% due to higher provisions
Bank Asia PLC’s profit plunged 41 percent year-on-year to Tk 77.88 crore in the first quarter of 2024
BD-Turkey can be trade gateways between Europe, South & SE Asia
Turkish business leaders discussed bilateral trade potential with FBCCI president
LafargeHolcim’s profit drops for first time since 2022's Q1
The cement maker’s turnover fell 3%, profit 15% in Jan-Mar
Reserves fall below $19 billion, first time in 11 months
$1.63 billion of ACU payment was settled today
Deal for country’s second satellite in three months
The satellite, Bangabandhu-2, will be launched in 3 years
