Banking

Banking

Banks allowed to use offshore deposits as collateral

Domestic banks can now use foreign currency deposits held in offshore banking units as collateral for lending to resident companies, firms, and individuals.

1d ago

shurjoMukhi offers no-interest EMI for Prime Bank cardholders

Prime Bank PLC has entered into a strategic partnership agreement with shurjoMukhi Limited, a Dhaka-based IT and fintech company, to offer zero percent EMI benefits for the bank’s credit cardholders on e-commerce purchases..Md Nazeem A Choudhury, deputy managing director of the Bank, and F

1d ago

Concord Entertainment offers 25% discount for Midland Bank cardholders

Midland Bank PLC has signed a memorandum of understanding (MoU) with Concord Entertainment Company Limited, a subsidiary of Concord Group, to offer discount benefits at its amusement parks and entertainment venues nationwide..Uzzal Kumer Basak, deputy general manager of marketing at Concor

1d ago

BRAC Bank signs cash management deal with Walton Digi-Tech Industries

BRAC Bank PLC has entered into a strategic partnership agreement with Walton Digi-Tech Industries Limited, a domestic manufacturer of electrical and electronic products, to deliver advanced cash management solutions..According to a press release issued by the bank, the collaboration is des

1d ago

NCC Bank declares 13% cash dividend

National Credit and Commerce Bank PLC (NCC Bank) has declared a 13 percent cash dividend for the financial year that ended on December 31, 2024..The announcement was made during the bank’s 40th annual general meeting (AGM), which was held virtually on Wednesday, according to a press releas

1d ago

Bank booths, hotels can now get limited money changer licence

Bank branches, booths, hotels, and gift shops are now formally allowed to apply to the central bank for a limited money changer licence by paying a Tk 50,000 fee..In detailed guidelines on the matter issued yesterday, the central bank stated that it has permitted certain entities to operat

2d ago

NRB Bank surpasses Tk 400cr credit card outstanding milestone

NRB Bank PLC has achieved a significant milestone in its credit card portfolio, with outstanding dues exceeding Tk 400 crore..To date, the bank has issued 67,000 active credit cards..In celebration of this achievement, the bank recently organised a commemorative event at its corporat

2d ago

Pubali Bank donates ambulance to Noakhali Science and Technology University

Pubali Bank PLC has donated an ambulance to Noakhali Science and Technology University as part of its corporate social responsibility (CSR) initiative..Mohammad Ali, managing director and chief executive officer of the bank, handed over a symbolic key to Prof Mohammad Ismail, vice-chancell

2d ago

Banks allowed to use offshore deposits as collateral

Domestic banks can now use foreign currency deposits held in offshore banking units as collateral for lending to resident companies, firms, and individuals.

1d ago

shurjoMukhi offers no-interest EMI for Prime Bank cardholders

Prime Bank PLC has entered into a strategic partnership agreement with shurjoMukhi Limited, a Dhaka-based IT and fintech company, to offer zero percent EMI benefits for the bank’s credit cardholders on e-commerce purchases..Md Nazeem A Choudhury, deputy managing director of the Bank, and F

1d ago

Concord Entertainment offers 25% discount for Midland Bank cardholders

Midland Bank PLC has signed a memorandum of understanding (MoU) with Concord Entertainment Company Limited, a subsidiary of Concord Group, to offer discount benefits at its amusement parks and entertainment venues nationwide..Uzzal Kumer Basak, deputy general manager of marketing at Concor

1d ago

BRAC Bank signs cash management deal with Walton Digi-Tech Industries

BRAC Bank PLC has entered into a strategic partnership agreement with Walton Digi-Tech Industries Limited, a domestic manufacturer of electrical and electronic products, to deliver advanced cash management solutions..According to a press release issued by the bank, the collaboration is des

1d ago

NCC Bank declares 13% cash dividend

National Credit and Commerce Bank PLC (NCC Bank) has declared a 13 percent cash dividend for the financial year that ended on December 31, 2024..The announcement was made during the bank’s 40th annual general meeting (AGM), which was held virtually on Wednesday, according to a press releas

1d ago

Bank booths, hotels can now get limited money changer licence

Bank branches, booths, hotels, and gift shops are now formally allowed to apply to the central bank for a limited money changer licence by paying a Tk 50,000 fee..In detailed guidelines on the matter issued yesterday, the central bank stated that it has permitted certain entities to operat

2d ago

NRB Bank surpasses Tk 400cr credit card outstanding milestone

NRB Bank PLC has achieved a significant milestone in its credit card portfolio, with outstanding dues exceeding Tk 400 crore..To date, the bank has issued 67,000 active credit cards..In celebration of this achievement, the bank recently organised a commemorative event at its corporat

2d ago

Pubali Bank donates ambulance to Noakhali Science and Technology University

Pubali Bank PLC has donated an ambulance to Noakhali Science and Technology University as part of its corporate social responsibility (CSR) initiative..Mohammad Ali, managing director and chief executive officer of the bank, handed over a symbolic key to Prof Mohammad Ismail, vice-chancell

2d ago

Dutch-Bangla Bank arranges workshop on agricultural research projects

Dutch-Bangla Bank PLC recently organised a workshop on agricultural research projects titled “DBBL-CSR Grant for Technology Incubation in Agriculture”, held at a hotel in the capital..Abul Kashem Md Shirin, managing director and CEO of the bank, presided over the inaugural session of the e

2d ago

Citizens Bank organises training on integrated supervision system reporting

Citizens Bank PLC recently organised a daylong training session on “Integrated Supervision System (ISS) Reporting” at its training academy in the capital..Md Abdul Latif, deputy managing director of the bank, inaugurated the programme as the chief guest, according to a press release..<p

2d ago