Banks

Banks

Presence of oligarchic market power still a major challenge: Hossain Zillur Rahman

The sixth edition of the Banking Almanac launched today

53m ago

Panel formed to make tax expenditure policy

The National Board of Revenue (NBR) yesterday formed a nine-member committee to make a policy framework for tax expenditure.

1d ago

First Security Islami Bank: Almost 90pc of Tk 2,254cr loan to Sikder Group sours

As much as 89.3 percent of the credit extended by First Security Islami Bank, when controlled by the major Awami League beneficiary S Alam Group, to AL-affiliated Sikder Group by violating banking rules and regulations has become defaulted.

1d ago

Agrani Bank receives 'Remittance Award 2024'

Agrani Bank PLC has received the “Remittance Award 2024” for collecting a significant amount of foreign remittances in the banking sector for the fiscal year 2023-2024..Asif Nazrul, adviser to the Ministry of Expatriates’ Welfare and Overseas Employment, handed over the award to Md Anwarul

1d ago

Uttara Bank arranges business development conference

Uttara Bank PLC has organised a programme titled “Business Development Conference & Future Planning for 2025” at Jol Torongo, an army welfare trust resthouse, in Cox’s Bazar recently..Azharul Islam, chairman of the bank, attended the conference as the chief guest, the bank said in a press

1d ago

Al-Arafah Islami Bank gets new AMD

Al-Arafah Islami Bank PLC has appointed Mohd Rafat Ullah Khan as its additional managing director (AMD)..Khan will also serve the bank as the chief risk officer concurrently, the bank said in a press release..He has more than 30 years of experience in the banking industry..Prio

1d ago

Islami Bank wins remittance award

Islami Bank Bangladesh PLC has received the “Remittance Award 2024” for collecting the highest remittances in the fiscal year 2023-2024..Asif Nazrul, adviser to the Ministry of Expatriates’ Welfare and Overseas Employment, handed over the award to Mohammed Monirul Moula, managing director

1d ago

EBL honours 30 partners at excellence summit

Eastern Bank PLC (EBL) has honoured some 30 partner companies for their significant contribution toward development of digital services and solutions of the bank at the “EBL Digital Excellence Summit 2024”..The event brought together key partners, merchants of EBL and industry leaders to c

1d ago

Midland Bank signs MoU with Expose Furniture

Midland Bank PLC has signed a memorandum of understanding (MoU) with Expose Furniture, a furniture manufacturer and retailer company in Bangladesh..Alamgir Biplob, managing director of the furniture manufacturer, and Md Rashed Akter, head of retail distribution division and chief bancassur

1d ago

ADB to give $600m for economic management

The Asian Development Bank (ADB) will extend a $600 million loan to Bangladesh to help the country strengthen its economic management and establish a transparent and accountable regulatory environment for private sector development.

2d ago

Prime Bank gets first female independent director

Nazia Kabir, a partner at the legal advisory firm “Syed Ishtiaq Ahmed & Associates” and an advocate at the High Court Division of the Supreme Court of Bangladesh, has recently joined Prime Bank PLC as the first female independent director..Nazia is a member of both the Bangladesh Supreme C

2d ago

Union Bank organises exec committee meeting

Union Bank PLC recently arranged the 4th meeting of the newly formed executive committee of the bank at its head office in the capital’s Gulshan..Md Fariduddin Ahmad, chairman of the executive committee of the bank, presided over the meeting, according to a press release..Md Humayun

2d ago

IMF cuts Bangladesh’s growth forecast again, keeps inflation projection elevated

Bangladesh may grow 3.8% in FY25, not 4.5% in FY25, the lender says

2d ago

IMF to give $645 million as fourth tranche of loan to Bangladesh

IMF agreed to Bangladesh’s request to extend the loan amount, now it stands at $5.3 billion

2d ago

Bengal Commercial Bank adopts ‘Bangla QR' code

Bengal Commercial Bank PLC recently adopted “Bangla QR" code, which was earlier launched by the Bangladesh Bank, with pledges to make banking facilities more advanced and easier..Tarik Morshed, managing director and CEO of the bank, inaugurated the technology-driven Bangla QR code payment

3d ago

SBAC Bank organises workshop on prevention of money laundering in Khulna

SBAC Bank PLC recently conducted a daylong workshop on “Prevention of Money Laundering & Combating Financing of Terrorism” for officers for Khulna region of the bank in Khulna..Md Masoodur Rahman, chief anti-money laundering compliance officer of the bank, attended the workshop as the chie

3d ago

National advisory council on statistics restructured

New 17-member panel will work to produce globally-accepted data

4d ago

Shimanto Bank arranges ‘BAMLCO & DAMLCO Conference 2024’

Shimanto Bank PLC recently arranged a “Branch Anti Money Laundering Compliance Officers (BAMLCO) and Departmental Anti Money Laundering Compliance Officers (DAMLCO) Conference 2024” at its head office in Dhaka..AKM Ehsan, acting head of Bangladesh Financial Intelligence Unit (BFIU), attend

5d ago