South Bangla Agriculture & Commerce (SBAC) Bank is set to go public in order to raise Tk 100 crore from the stock market.

The government may allocate Tk 225,324 crore to implement development projects in the next fiscal year, which is 14 per cent higher than that in the revised budget.

Rumee A Hossain has been re-elected as the chairman of the executive committee of the board of Bank Asia in the 453rd meeting of the board of directors held recently.

Prime Bank recently witnessed the appointment of a deputy managing director who would also act as a chief anti-money laundering compliance officer and a chief risk officer.

Bangladesh Bank yesterday instructed the country’s lenders to extend their operating hours to 2:00pm from today in order to help clients complete their banking activities smoothly ahead of Eid-ul-Fitr.

The central bank today instructed banks to extend their banking hours by one hour with effect from tomorrow in order to help clients do banking smoothly ahead of Eid-ul-Fitr.

This is really a great initiative that Bangladesh Bank has decided on March 29 this year to form a Tk 500 crore fund in order to help new entrepreneurs aged 21-45 years and start businesses.

A Rouf Chowdhury has recently been reelected chairman of Bank Asia at the 453rd meeting of its Board of Directors.

Bangladesh Bank has removed AKM Shaheed Reza from the board of Mercantile Bank due to his involvement in a loan scandal.

International Finance Corporation (IFC), a member of World Bank Group, is set to provide Brac Bank a $30 million loan to come to the aid of small and medium enterprises (SMEs) and larger companies hit hard by the impacts of the Covid-19.

South Bangla Agriculture and Commerce (SBAC) Bank's Managing Director (MD) Tariqul Islam Chowdhury has stepped down from his position before completing his three-year tenure.

Bangladesh Bank yesterday restored the interbank cheque clearing system in a major relief for users but a backlog of cheques and the non-operational electronic fund transfer (EFT) platform are still causing sufferings to clients.

Bangladesh Bank yesterday instructed banks to impose account maintenance fees on small depositors once a year.

The central bank yesterday extended the banking hours by half an hour after clients rushed up to branches to withdraw cash as the country is set to go into a strict lockdown from April 14 to tame the raging coronavirus.

People can open bank accounts from anywhere as an increasing number of lenders have made digital options available, helping customers avail financial services without visiting branches during the coronavirus pandemic.

Bank Asia has recently witnessed the appointment of a new director.

After paying rent, buying daily necessities and providing educational expenses for the children, most of the salary of an average professional is gone.

Dutch development bank FMO has invested $50 million in Brac to accelerate innovations that impact the lives of underserved and marginalised people.

Banks can now declare a maximum of 30 percent dividend including 15 percent cash for shareholders after meeting the compliance requirements of Bangladesh Bank.

A postgraduate in Accounting from the University of Dhaka, Mr. Mamoon Mahmood Shah started his banking career as Probationary Officer of IFIC Bank Ltd. Mr. Mahmood joined NRB Bank Limited as Additional Managing Director in 2019. He has to his credit a wide range of banking experience of more than 30 years which includes serving in key positions in a number of both local and multinational banking institutions such as EBL, HSBC, Standard Chartered, ANZ Grindlays, etc. He also held the position of MD & CEO of ICB Islamic Bank, National Finance Ltd., and GSP Finance.