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

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

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

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

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

Al-Arafah Islami Bank PLC has recognised the winners of its “Eid-ul-Azha Remittance Campaign 2025”, an initiative aimed at encouraging remittance inflow through legal and official channels..Mohd Rafat Ullah Khan, managing director (current charge) of the bank, presented awards to the winne

Local banks can now lend up to 60% of project cost to foreign firms

Jamuna Bank PLC has appointed Mohammad Jahangir Alam to the post of deputy managing director (DMD), effective from July 1 this year..Prior to joining Jamuna Bank, Alam served as a senior executive vice-president and cluster head of the public sector, public-private partnership (PPP), and s