EBL opts for zero-coupon bond to secure Tk 800cr capital

The balance sheets of several banks have been found to be "fictitious", failing to reflect their true financial state, according to Bangladesh Bank (BB) Governor Ahsan H Mansur.

Prime Bank PLC has been awarded the highest long-term credit rating of ‘AAA’ and a short-term rating of ‘ST-1’ by the Credit Rating Agency of Bangladesh (CRAB), signifying a strong capacity for the timely repayment of financial obligations, said the private lender..“This recognition reinfo

Islami Bank Bangladesh PLC has set a milestone in the country’s agent banking sector by surpassing Tk 20,000 crore in deposits collected through its agent banking services..The amount accounts for nearly 42 percent of total deposits in the agent banking channel nationwide -- the highest in

The Dairy Value Chain Forum was launched yesterday at the InterContinental Dhaka, aiming to drive a green transformation in Bangladesh’s dairy industry..The forum convened a consortium of strategic partners, including Solidaridad Network Asia, Arla Foods, Pran Dairy, SEGES Innovation, IDRN

Pubali Bank PLC has opened a collection booth at Dhaka Medical College Hospital (DMCH) in a bid to provide fast and modern services..Through this booth, various fees, including diagnostic test fees and other charges for hospital patients, will be collected..Brig Gen Md Asaduzzaman, d

Midland Bank PLC has recently opened a relocated branch at Nilufar Heights on Kemal Ataturk Avenue in the capital’s Banani..Md Ahsan-uz Zaman, managing director and CEO of the bank, inaugurated the branch as the chief guest, according to a press release issued by the bank..In his add

Bangladesh Bank has decided to form a special fund of Tk 25 crore to support the treatment of protesters injured during the July uprising and to provide financial assistance to the families of those killed.

The proportion of female agents in Bangladesh’s agent banking sector stood at just 9.15 percent as of March this year—well below the Bangladesh Bank's (BB) mandate that women should comprise 50 percent of total agents...The data were revealed in the central bank’s latest Agent Bankin

Emirates has been voted “Best International Airline”, US-Bangla Airlines “Best Domestic Airline”, and Saudia Cargo “Best Cargo Airline”, based on the preferences of frequent flyers in the ShareTrip–Monitor Airline of the Year 2024 awards..This year’s online survey garnered responses from o

Citizens Bank PLC has recently celebrated the third anniversary of the commencement of its commercial operations..Chowdhury Mohammed Hanif Shoeb, chairman of the bank, inaugurated the celebration as the chief guest at the bank’s head office in Dhaka, according to a press release..Mas

The Hongkong and Shanghai Banking Corporation Limited (HSBC) in Bangladesh has been recognised as the “Bangladesh International Trade Finance Bank of the Year” at the Asian Banking & Finance Wholesale Banking Awards 2025..This achievement stands as a testament to the bank’s continued commi

Bank Asia PLC hosted an event, titled “Open Loan Disbursement” programme in Chapainawabganj on July 3, targeting marginalised or landless farmers, low-income professionals, school banking account holders, and small businessmen within the district..The initiative forms part of the Banglades

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