BRAC Bank has unveiled the country’s first independent IFRS S1 and S2 Report, a globally aligned framework for climate and sustainability risk disclosure developed by the International Sustainability Standards Board..With the release of this inaugural IFRS report, the bank becomes the sole

Adil Chowdhury was appointed as managing director of National Bank PLC yesterday..Prior to taking over the role, Chowdhury served at Bank Asia PLC as president and managing director, concurrently, the bank said in a press release..He spent over 15 years abroad in various leadership r

Alamgir Hossain has recently been appointed as managing director (MD) of Citizens Bank PLC..Prior to joining Citizens Bank, Hossain served at Bank Asia PLC as deputy managing director and head of corporate and large loan, concurrently, according to a press release..His versatile care

Southeast Bank PLC has recently signed a memorandum of understanding (MoU) with Khulna University to streamline financial and lifestyle services for faculty members, students and administrative staff of the university..Prof Md Harunor Rashid Khan, pro-vice chancellor of the university, and

Dhaka Bank PLC recently celebrated its 30th founding anniversary with a celebration held at the Radisson Blu Water Garden Hotel in Dhaka..Ahsan H Mansur, governor of the Bangladesh Bank, attended the event as chief guest and praised the bank’s enduring contribution to the country’s financi

City Bank PLC has recently entered into a strategic partnership agreement with the Institute of Business Administration (IBA) at the University of Dhaka to launch an executive training initiative, entitled the “Leadership Development Programme”..The programme is designed to strengthen the

Financial sector's future hinges on effective execution of three-year reform

Deposit and investment growth in the country’s Islamic banks fell to a four-year low in the first quarter of 2025, apparently driven by rising public concerns over the financial stability and governance practices of the commercial lenders.

Community Bank Bangladesh PLC has entered into a strategic business agreement with Hotel Sarina to provide exclusive benefits to the bank’s credit cardholders..Kimiwa Saddat, managing director (current charge) of the bank, and Channa Ekanayake, general manager of the hotel, signed the agre

Al-Arafah Islami Bank PLC has recently inaugurated a new sub-branch at Maijdee Bazar in Noakhali..According to a press release, this is the bank’s 80th sub-branch..Mohd Rafat Ullah Khan, managing director (current charge) of the bank, inaugurated the sub-branch as the chief guest.</p

Fashion and lifestyle brand Le Reve has recently opened its 26th outlet in the Science Lab area of Dhanmondi-2, Dhaka..The new store showcases Le Reve’s latest Summer Collection, the Rainy Day Curation, and the brand-exclusive line Nargisus by Le Reve. Each section presents a carefully cur

City Bank PLC recently organised its “Branch Anti-Money Laundering Compliance Officers (BAMLCO) Conference 2025” at a hotel in Dhaka, under the theme “Strengthening AML Practices for a Safer Financial Future”..The event brought together over 200 BAMLCOs from across the country, according t

Global digital payment solutions provider Mastercard, in collaboration with Eastern Bank PLC (EBL), yesterday launched a biometric metal credit card, marking a significant leap in Bangladesh’s payment technology landscape..Ahsan H Mansur, Governor of the Bangladesh Bank, inaugurated the bi

But 25% of the interest income must go to the Investors’ Protection Fund, says a July 3 gazette

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

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

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

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

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

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