Banks
Prime Bank holds conference for anti-money laundering compliance officers
Prime Bank PLC recently organised a “BAMLCO Conference-2024” for its branch anti-money laundering compliance officers (BAMLCOs) across the country at its head office in the capital’s Gulshan..AKM Ehsan, executive director and acting head of Bangladesh Finance Intelligence Unit (BFIU), inau
BRAC Bank, Pran-RFL sign cash management deal
BRAC Bank PLC recently signed an agreement with Pran-RFL Group, a leading conglomerate in Bangladesh, to offer advanced cash management solutions and supply chain financing to optimise their working capital and financial operation..Tareq Refat Ullah Khan, deputy managing director and head
Mercantile Bank organises anti-money laundering conference
Mercantile Bank PLC recently organised the “Anti Money Laundering Conference-2024” at FARS Hotel and Resorts in the capital’s Purana Paltan..Anti-money laundering compliance officers from 152 branches, heads of different branches, senior management teams and divisional heads from the head
Prime Bank partners with Footstep for clean water, solar energy
Prime Bank PLC recently signed a partnership agreement with Footstep Bangladesh, a non-governmental organisation in Dhaka, to install water filtration systems and solar panels..Under this agreement, the bank will install water filtration systems in eight public schools in Chattogram and so
Bank Asia signs deal with ShareTrip on booking discounts
Bank Asia PLC recently signed an agreement with ShareTrip Limited, one of the leading online travel agencies of Bangladesh..Zishan Ahammad, head of cards, alternative delivery channels and internet banking of the bank, and Arup Ratan Barua, chief finance officer of the online travel agency
Janata Bank files Tk 1,964cr default loan case against S Alam Group
Janata Bank filed a case against the industrial conglomerate S Alam Group with the Chattogram Money Loan Court on Sunday over defaulted loans amounting to Tk 1,964 crore..Chattogram Money Loan Court Magistrate Mujahidur Rahman issued an embargo on the transfer of about 7.43 crore shares of
10 banks are ‘technically bankrupt’: white paper
However, the final draft of the white paper on the state of economy did not disclose the names of the lenders
Midland Bank launches sub-branch, SME centre in Nawabpur
Midland Bank PLC launched a new sub-branch and a SME centre at Mazed Sardar Tower-1 on Haji Osman Goni Road in the capital’s Nawabpur yesterday..Md Ahsan-uz Zaman, managing director and CEO of the bank, inaugurated the sub-branch and SME centre as the chief guest, the lender said in a pres
Exim Bank opens 152nd branch at Mirpur DOHS
Exim Bank recently opened a new branch at Mirpur DOHS in the capital..This is the 152nd branch of the bank, said a press release..Md Nazrul Islam Swapan, chairman of the bank, inaugurated it as the chief guest..In his speech, Swapan said Exim Bank has now taken an initiative to
DBL Lifestyles teams up with HSBC for seamless digital payments
The Hongkong and Shanghai Banking Corporation Limited (HSBC) Bangladesh recently signed an agreement with DBL Lifestyles Ltd, the flagship retail brand of DBL Group, to enhance the latter’s digital payment services..Stuart Rogers, regional head of commercial banking, international markets
Mati Ul Hasan made new MD of Mercantile Bank
Mati Ul Hasan has been appointed as managing director of Mercantile Bank..Hasan had previously been serving the bank as additional managing director and chief risk officer, the bank said in a press release..He started his professional banking career at IFIC Bank as a probationary off
IFIC Bank organises 'Banking Network Business Conference'
IFIC Bank recently organised the “IFIC Largest Banking Network Business Conference” for Rajshahi and Rangpur zones at an auditorium in Bogura..Md Mehmood Hussain, chairman of IFIC Bank, shared insights on the bank’s future plans and key development initiatives as the chief guest, according
BRAC Bank leaders call for future readiness at ‘Annual Risk Conference 2024’
BRAC Bank leaders called for preparedness to face the risks likely to surface in the future as the bank organised its “Annual Risk Conference 2024”..Veteran bankers and experts weighed in on unseen risks, especially in the digital banking ecosystem and cyberspace, as the banking sector nav
Eastern Bank signs deal with Baywatch on special benefits
Eastern Bank PLC (EBL) recently signed an agreement with Baywatch, a resort located in Cox’s Bazar..M Khorshed Anowar, deputy managing director and head of retail and SME banking of the bank, and Md Nizam Uddin Al Sumon, cluster manager (operation and sales) of the hospitality property, pe
National Bank recovers Tk 900cr bad loans till Oct
National Bank has been able to recover about Tk 900 crore of defaulted loans as of October and initiatives are underway to recover another Tk 400 crore by this year, said its chairman, Abdul Awal Mintoo, yesterday. .He was addressing a press conference at its head office in the capital’s
Mirza Ahzar Ahmad joins Bank Asia as DMD
Mirza Azhar Ahmad has recently joined Bank Asia PLC as deputy managing director (DMD) and chief operating officer..Ahmad started his career at Standard Chartered Bank in 1999 and served there till 2022, the bank said in a press release..He previously worked at ONE Bank PLC as senior
Midland Bank signs MoU with BP Manufacturing
Midland Bank PLC recently signed a memorandum of understanding (MoU) on an online cash management solution with BP Manufacturing (BD) Co Ltd, a toy manufacturing company..Muhammad Majidul Haq Patwary, vice-president and head of institutional banking division of the bank, and Wong Chi Yu Be
Southeast Bank provides financial aid to farmers
Southeast Bank PLC, in collaboration with Nari Unnayan Forum -- a non-government organisation (NGO) in Bangladesh -- provided financial support to grassroots farmers from a special fund as part of its corporate social responsibility (CSR)..The finance covers areas like “increasing yield in