Banking

Banking

Shahjalal Islami Bank holds half-yearly business conference

Shahjalal Islami Bank PLC yesterday organised a “Half-Yearly Business Conference 2025” at the Radisson Blu Water Garden Hotel in the capital..AK Azad, chairman of the bank, inaugurated the conference as chief guest, according to a press release..Mosleh Uddin Ahmed, managing director

16h ago

Midland Bank, TallyKhata join forces to support small businesses

Midland Bank PLC has signed a memorandum of understanding (MoU) with TallyKhata, a pioneering digital bookkeeping and payment platform in Bangladesh, with the aim of digitally empowering millions of small businesses across the country..Under the terms of the MoU, TallyKhata will utilise Mi

16h ago

City Bank posts 21% rise in profit in H1

City Bank PLC has reported a 21 percent rise in consolidated profit after tax to Tk 301.11 crore for the first half of the current year, up from Tk 249.51 crore in the same period last year..The announcement was made during the bank’s half-yearly earnings disclosure webcast, held virtually

16h ago

Dhaka Bank declares 10% dividend

Dhaka Bank PLC has recently declared a 10 percent dividend, including a five percent cash dividend, for the year ended on December 31, 2024..The announcement was made during the bank’s 30th annual general meeting (AGM), which was held virtually, according to a press release..Abdul Ha

16h ago

Bangladesh applauds 20% US tariff as ‘good news’ for apparel industry

Bangladesh has welcomed the outcome of trade negotiations with Washington, securing a 20 percent tariff rate on its exports to the US under a sweeping new executive order issued by President Donald Trump.

2d ago

BB to intervene in forex market

Bangladesh Bank (BB) will intervene in the foreign exchange market to curb volatility in the exchange rate and rebuild the country's foreign exchange reserves.

2d ago

Private credit growth target lowered amid low appetite

Bangladesh Bank (BB) has lowered the target for private sector credit growth in its latest monetary policy, citing a lack of appetite arising from political uncertainties.

2d ago

Shabbirul Alam made BB executive director

Md Shabbirul Alam Chowdhury has recently been promoted to the position of executive director of the Bangladesh Bank (BB)..The promotion is effective in accordance with the provisions outlined in the Bangladesh Bank Officers’ Promotion Policy 2022 for officers in Grade 9 and above, accordin

2d ago

Hossain Khaled appointed chairman of City Bank

Hossain Khaled, a director of City Bank PLC, has been appointed as the new chairman of the bank..The appointment was confirmed at a meeting of the bank’s board of directors held at its head office in Dhaka yesterday, according to a press release..Khaled is a sponsor director of City

6d ago

Trade misinvoicing is a collective failure

The failure to check trade misinvoicing is a collective failure of the authorities, National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan said yesterday, describing the situation as “alarming”.

1w ago

Prime Bank, SUST host seminar on financial inclusion, youth empowerment

Prime Bank PLC, in collaboration with the Shahjalal University of Science and Technology (SUST) Career Club, organised a seminar, titled “Financial Inclusion: Engaging & Inspiring Youth in Banking”, on the university campus yesterday..The event aimed to promote financial literacy and inspi

1w ago

EXIM Bank organises half-yearly managers conference

EXIM Bank PLC organised its “Half-Yearly Managers Conference 2025” at the bank’s head office in the capital yesterday..Md Nazrul Islam Swapan, chairman of the bank, attended the conference as the chief guest, according to a press release..In his address, Swapan advised all branch man

1w ago

IFIC Bank’s deposits surpass Tk 51,000 crore

IFIC Bank PLC has surpassed a total deposit volume of Tk 51,000 crore, according to a press release issued by the bank..Md Mehmood Husain, chairman of the bank, made the announcement during the bank’s “Half-Yearly Business Conference 2025”, held yesterday at IFIC Tower in the capital’s Pur

1w ago

BRAC Bank crosses $1 billion market value

Blue chip BRAC bank achieves $1 billion market value, leading banking sector.

1w ago

BB withdraws dress code for its employees

Bangladesh Bank yesterday withdrew its internal advisory on workplace attire following an instruction from Governor Ahsan H Mansur amid widespread criticism.

1w ago

BRAC Bank emitted 1,477,468 tonnes of carbon dioxide equivalent in 2024

The bank released Sustainability and Impact Report 2024 to disclose information about its carbon footprint

1w ago

National Bank posts Tk 763cr loss in Q2 

The bank’s inability to recover loans from defaulters and higher interest on deposits dented its bottom line

1w ago

75pc of money laundering is trade-based: BIBM study

The study was prepared using responses from officials of 37 banks

1w ago