Global Islami Bank to invest in flower, Black Bengal Goat farming

Global Islami Bank (GIB) and ARS-Bangladesh, a microcredit financial institution, has signed an agreement to finance flower cultivation and the farming of Black Bengal goats, which recently got geographical Indication (GI) status, in the Jashore area under the Agricultural and Rural Investment Policy of the Bangladesh Bank.
11 January 2024, 16:07 PM

Eastern Bank inks deal with Assure Group

Eastern Bank recently penned an agreement with Assure Group, a real estate company.
11 January 2024, 15:55 PM

Mutual Trust Bank to sell Pioneer Insurance Company’s products

Mutual Trust Bank (MTB) has signed a bancassurance agreement with Pioneer Insurance Company, enabling the bank to sell Pioneer’s insurance solutions to its retail customers.
11 January 2024, 15:50 PM

Midland Bank strikes Tk 1 crore loan deal with Agromukam BD

Midland Bank recently signed a loan facility agreement worth Tk 1 crore with Agromukam BD, an agro-based eCommerce market, to support new technology-driven business ideas.
11 January 2024, 15:42 PM

Pubali Bank signs MoU with India’s Apollo Multispeciality Hospitals

Pubali Bank recently signed a memorandum of understanding with Apollo Multispeciality Hospitals, a hospital in Kolkata.
11 January 2024, 15:30 PM

Bank Asia inks deal with Syngenta

Bank Asia has signed an agreement with Syngenta, a Switzerland-based agricultural science and technology organisation, aiming to provide cost-free seeds, fertilisers and pesticides to poor and marginal farmers nationwide as part of its corporate social responsibility.
11 January 2024, 15:20 PM

External challenges linger for Bangladesh after Awami League re-election: Fitch

Bangladesh's external challenges remain pressing, the American credit rating agency said.
11 January 2024, 12:31 PM

Central banks should be fighting the climate crisis – here’s why

Central banks are public institutions, charged with maintaining economic stability through controlling the supply of money in an economy.
11 January 2024, 11:30 AM

Restoring clients’ trust in banking sector an undeniable need

The banking sector is the backbone of a country's economy, especially to promote businesses. However, sadly, the sector is plagued with multi-layered challenges.
10 January 2024, 18:00 PM

Meghna Bank to arrange Tk 175cr for Star Ceramics

Meghna Bank will arrange Tk 175 crore from different banks and financial institutions for tiles and sanitaryware manufacturer Star Ceramics, a sister concern of RAK Ceramics Bangladesh.
10 January 2024, 15:25 PM

AB Bank strikes deal with National Polymer Industries

AB Bank has signed a collection services agreement with National Polymer Industries, a manufacturing company in the unplasticised polyvinyl chloride (UPVC) sector of the country, in a bid to expedite cash transactions to its dealers across the country.
10 January 2024, 15:10 PM

aamarPay to avail City Bank services

City Bank has signed an agreement with aamarPay, an online payment gateway service provider and fintech company, today to provide cash management services.
10 January 2024, 14:40 PM

Al-Arafah Islami Bank organises LMS training

Al-Arafah Islami Bank has launched a GoLive and Training Programme for litigation management system (LMS) at the bank’s head office in Dhaka today.
9 January 2024, 15:10 PM

Forex reserves fall after $1.27b ACU payment

Bangladesh’s foreign exchange reserves fell to $20.38 billion yesterday after the central bank settled import bills of two months through the Asian Clearing Union (ACU), a top official said today.
9 January 2024, 13:08 PM

Five banks hold 82% of deposits in small accounts

Sonali, Agrani, Bank Asia, Islami Bank and Global Islami Bank hold Tk 3,849 crore in no-frills accounts
8 January 2024, 20:30 PM

Credit card issuance creeps along

Credit card issuance by banks in Bangladesh witnessed slower growth in 2023 thanks to tightening of regulations by NBR
8 January 2024, 20:00 PM

Nasiruzzaman re-appointed BKB chairman

Md Nasiruzzaman has been re-appointed as chairman of the Bangladesh Krishi Bank (BKB) for another three-year term.
8 January 2024, 15:04 PM

MTB to sell Pragati Life Insurance’s products

Pragati Life Insurance recently signed a bancassurance agreement with Mutual Trust Bank (MTB), enabling the bank’s customers to conveniently access and purchase the life insurer’s diverse range of insurance products.
8 January 2024, 14:45 PM

Midland Bank disburses loans among farmers

Midland Bank and the Society for Family Happiness and Prosperity (FHP), a non-governmental organisation, recently signed an agreement under which the bank will directly disburse loans to farmers at 4 percent interest rate.
8 January 2024, 14:40 PM

Prime Bank partners with Syngenta Bangladesh to promote agri-finance

Prime Bank PLC and Syngenta Bangladesh Ltd, an agri-business company, have joined hands to ease financing to farmers and agricultural input sellers.
8 January 2024, 14:35 PM