Banks
BB officials demonstrate seeking removal of two deputy governors
They sought removal of Nurun Nahar and Habibur Rahman
Al Arafah Islami Bank holds ‘School Banking Campaign’ in Cumilla
Al-Arafah Islami Bank recently organised a “School Banking Campaign” with the theme of “One School, One Branch, One Bank, All Banking Services” at Ibn Taymiyya School and College in Cumilla, aiming to instill the spirit of saving among students..Husne Ara Shikha, executive director of the
National Bank arranges ‘Strategic Review Meeting’
National Bank recently arranged a “Strategic Review Meeting” at its training institute in the capital, focusing on current and future action plans..Md Touhidul Alam Khan, managing director and CEO of the bank, attended the meeting as chief guest, according to a press release..Khan pr
Bank accounts of Shuchona Foundation frozen
Saima Wazed Putul, daughter of former prime minister Sheikh Hasina, is the founder of the foundation
NCC Bank organises training on financial literacy for entrepreneurs
NCC Bank PLC, in collaboration with the Department of Youth Development (DYD), recently organised a three-day training programme on “Financial Literacy & Technical Skill Development for Women Empowerment”..A total of 100 entrepreneurs participated in the training, conducted at the Gram Unn
Jalalabad Gas logs Tk 7,331cr revenue
Jalalabad Gas Transmission and Distribution System Ltd announced that they chalked up a total revenue of Tk 7,331.37 crore from the sales of 3917.819 million cubic metres (MMCM) of gas for the fiscal year 2023-24..The company deposited Tk 185.82 crore into the government exchequer in the f
Panel of advisers formed to solve Beximco Industrial Park’s labour unrest
Labour Adviser Brig Gen (retd) M Sakhawat Hussain will lead the six-member panel
BB’s leniency to blame for ailing banking sector
Banking rules and regulations stipulate a single borrower exposure limit but the banking regulator itself disregarded the rule routinely in the last 16 years.
Razon Sakhawat becomes Jamuna Bank chairman
Robin Razon Sakhawat was appointed as the chairman of Jamuna Bank PLC yesterday..Currently, Sakhawat is the managing director of German-Bangla Chemical Ltd and Comptex (Bangladesh) Ltd, the bank said in a press release..He is actively involved in various industries such as banking, l
UCB posts 32% profit growth in Q3
United Commercial Bank (UCB) PLC has reported a 32 percent year-on-year profit growth in the July-September quarter of 2024, driven by higher interest income, investment gains, and increased commission and fee income..The announcement came at the bank’s board meeting at its head office in
Matiur Rahman becomes new chairman of Karmasangsthan Bank
AFM Matiur Rahman has been appointed as the chairman of Karmasangsthan Bank for the next three years, effective from the date of joining..Rahman was the honorary director of the board of directors of Karmasangsthan Bank from 2000 to 2002, the bank said in a press release..He is both
Bank Asia signs deal with Sheba.xyz
Bank Asia PLC recently signed an agreement with Sheba.xyz, the largest service marketplace and one-stop solution for on-demand home services of household and lifestyle in Bangladesh..Under the agreement, Bank Asia customers will enjoy a 10 percent discount for all services of Sheba.xyz upo
MTB celebrates silver jubilee by distributing loans to small ventures
Mutual Trust Bank PLC (MTB) distributed fresh loans to small businesses under the Credit Guarantee Scheme (CGS) of the Bangladesh Bank to celebrate its silver jubilee at its corporate head office in the capital’s Gulshan..The scheme has been launched to scale up lending to the cottage, mic
Citizens Bank opens sub-branch at Moddho Badda
Citizens Bank PLC yesterday opened a sub-branch at Moddho Badda in the capital..Mohammad Masoom, managing director and CEO of the bank, inaugurated the sub-branch, the bank said in a press release..The bank started its journey on December 15, 2020, after receiving a banking licence f
Mahamudul Alam made Meghna Bank’s risk management committee chairman
Md Mahamudul Alam has been elected as the chairman of the risk management committee of Meghna Bank PLC..Currently, Alam is serving as deputy managing director of Labib Dyeing Mills Ltd and Alamgir Ranch Limited, according to a press release..He is widely acknowledged and highly prais
Eastern Bank introduces online training for women entrepreneurs
Eastern Bank PLC yesterday introduced an e-training platform on financial literacy and entrepreneur development for women entrepreneurs..Curated by the Asian Development Bank (ADB) and the Bangladesh Bank, the online training programme aims to empower women entrepreneurs in Bangladesh..
Bank Asia launches financial literacy app for apparel workers
Bank Asia PLC recently launched a digital financial literacy app, styled “Amar Hisab-Kitab”, to accelerate financial inclusion activities..The app was developed by Bank Asia, in collaboration with the United Nations Capital Development Fund (UNCDF), under the Aparajita Project of H&M Found
Prime Bank’s profit grows 45% in Q3
Prime Bank PLC posted a 45 percent year-on-year net profit growth in the July-September quarter of the current financial year..The announcement came at the bank’s board meeting at its head office in Dhaka yesterday, the bank said in a press release..The standalone net profit after ta