Banks
BB offers 2.5% incentive on remitting compensation
Bangladesh Bank will provide an incentive on the use of official channels for remitting compensation for physical injuries or deaths of expatriate Bangladeshis from their employers or insurance agencies.The incentive will be 2.5 percent of the amount being remitted, Bangladesh Bank said in
New board of Global Islami Bank holds meeting
The newly formed board of directors of Global Islami Bank held a meeting with managers of branches and in-charges of sub-branches of the bank at its head office in Dhaka yesterday..Mohammad Nurul Amin, chairman of the bank, presided over the meeting, the bank said in a press release..<p
Southeast Bank holds business review meeting
Southeast Bank PLC organised its monthly business review meeting recently..The meeting focused on reviewing the bank’s recent business performance, with a strong emphasis on leveraging the latest technology to deliver innovative financial services and enhance customer satisfaction, said a
ICAB honours 22 firms
The Institute of Chartered Accountants of Bangladesh (ICAB) yesterday awarded 22 listed and non-listed firms across 13 different sectors for presenting the best annual reports, integrated reporting, and corporate governance disclosures.
Purchasing 4G, 5G smartphones made easier thru bKash
bKash, the leading mobile financial service (MFS) provider in Bangladesh, has joined hands with Grameenphone and City Bank to make 4G and 5G enabled smartphones more affordable for their clients.
BFIU seeks bank account details of former state minister Shahriar Alam
Bangladesh Financial Intelligence Unit (BFIU) today asked banks to provide details of accounts of former state minister for foreign affairs Md Shahriar Alam, his wife and son.
New leadership in BAB after 17 years
Abdul Hai Sarker, chairman of Dhaka Bank PLC, has been elected as chairman of the ad-hoc committee of the Bangladesh Association of Banks (BAB).
HSBC, Sailor sign deal on cashless shopping payment
The Hongkong and Shanghai Banking Corporation Limited (HSBC) has recently signed a collaboration agreement with fashion brand Sailor to introduce a seamless cashless payment experience through HSBC’s newly launched digital collection solution ‘Omni Collect’.
Bangladesh Bank to rescue problem banks
The Bangladesh Bank is set to rescue problem banks including some Shariah-based banks controlled by S Alam Group by managing liquidity or merging a few.
BB gets two new deputy governors
Md Zakir Hossain Chowdhury and Md Kabir Ahmed, executive directors of the Bangladesh Bank, have now been appointed as deputy governors of the country’s central bank for a three-year term..The finance ministry yesterday issued a statutory regulatory order declaring the appointments of the d
Zakaria Taher new chairman of National Bank risk management committee
Zakaria Taher has been elected the chairman of the Risk Management Committee of National Bank Limited..The election was held during the bank’s 505th meeting of the board of directors recently, the bank said in a press release..Taher is a director of the bank. He is a distinguished en
Midland Bank, Kokomo Sunset Resort sign deal on service benefits
Midland Bank PLC recently signed a memorandum of understanding (MoU) with Kokomo Sunset Resort located in Gazipur..Md Rashed Akter, head of the retail distribution division of the bank, and Md Bayazid Bin Mahfuz, head of sales and marketing of the resort, penned the MoU at the bank’s head
City Bank, Probashi Kallyan Bank sign remittance deal
City Bank PLC yesterday signed an agreement with Probashi Kallyan Bank (PKB) in a bid to bring remittances from Bangladeshi nationals living and working in different countries across the world..Mashrur Arefin, managing director and CEO of City Bank PLC, and Md Mazibur Rahman, managing dire
National Bank’s new board to scrutinise all waived and written-off loans
The newly appointed board of National Bank PLC (NBL) will scrutinise all waived and written-off loans and interests, regardless of whether they were justified or not.
Abdul Awal new chairman of Mercantile Bank risk management committee
Mohammad Abdul Awal (Sumon) has been elected the chairman of the risk management committee of Mercantile Bank PLC..The election was held at the bank’s 448th board meeting in Dhaka recently, the bank said in a press release..Awal, former chairman of Express Insurance Limited, is the m
Eastern Bank opens 38th sub-branch at Chandaikona
Eastern Bank PLC recently opened its 38th sub-branch at Chandaikona of Raiganj upazila in Sirajganj..M Khorshed Anowar, Eastern Bank’s retail and SME banking head, inaugurated the sub-branch, the bank said in a press release..The bank has been gradually expanding its sub-branch netwo
Al-Arafah Islami Bank opens its 224th branch in Chandpur
Al-Arafah Islami Bank PLC opened its 224th branch in Chandpur recently..Farman R Chowdhury, managing director and CEO of the bank, inaugurated the branch as the chief guest, the bank said in a press release..Chowdhury said that the country’s socioeconomic development is possible alon
Market monitoring should protect consumers, producers alike
The interests of both consumers and producers of goods, including essential food commodities, need to be kept in mind during market monitoring, said Salehuddin Ahmed, finance and commerce adviser to the interim government, yesterday..While there will be regular market monitoring to prevent
