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Kaiser A Chowdhury has been elected chairman of AB Bank PLC..The election took place during the bank’s 813th board meeting, held at its head office in Dhaka recently, according to a press release..Chowdhury is a seasoned banker with extensive experience as a chief executive officer (

AKM Mizanur Rahman has recently been elected chairman of the audit committee of NRB Bank PLC..The election took place during a meeting of the bank’s board of directors at its head office in Dhaka, according to a press release..Rahman is an independent director at Standard Ceramic Ind

Mercantile Bank PLC has opened the Fultola sub-branch at Ayesha Tower in Khulna yesterday, aiming to deliver convenient and tech-savvy banking services to its customers..This is the 47th sub-branch of the bank, according to a press release..Md Zakir Hossain, managing director (curren

Eastern Bank PLC (EBL) has entered into a strategic partnership agreement with the International Finance Corporation (IFC) to strengthen its climate risk management capabilities..EBL has become the first commercial bank within Bangladesh’s banking sector to collaborate with the IFC on the

Dhaka Bank PLC has entered into a payroll banking agreement with East Coast Group, one of the leading business conglomerates in Bangladesh..Sheikh Mohammad Maroof, managing director and CEO of the bank, and Dilruba Chowdhury, director of human resources at the business conglomerate, signed

Prime Bank PLC, in partnership with City Group, has launched a Shariah-compliant short-term investment instrument entitled “Teer Islamic Commercial Paper”..The initiative is designed to offer a new investment avenue aligned with the principles of Islamic finance, providing investors with a

Bank Asia Agent Banking has launched a market-focused customer service initiative titled “Wet Market Collection”, an effort aimed at simplifying, securing, and digitising cash handling for traders of all scales operating in local markets, thereby enhancing the efficiency and reliability of daily

ONE Bank PLC has recently opened a new branch at Chinishpur in Narsingdi..This is the 114th branch of the bank..KH Rashed Akhtar Zaman, senior executive vice-president and head of branch distribution at the bank, inaugurated the new branch as the chief guest, according to a press rel

NCC Bank recently launched four new Islamic banking windows at four different branches in Dhaka as part of its initiative to expand services in accordance with Islamic Shariah..The branches are Gulshan, Baridhara, Dhanmondi, and Shyamoli. .M Shamsul Arefin, managing director of the b

Eastern Bank PLC (EBL) has signed an agreement with Emirates Holidays, the tour operating arm of Emirates, one of the two flag carriers of the United Arab Emirates..M Khorshed Anowar, deputy managing director and head of retail and SME banking at the bank, and Md Yousuf Shohel, general man

Mutual Trust Bank PLC (MTB) has unveiled an AI-driven, voice-based Contact Centre Agent..This solution is poised to transform MTB’s customer service landscape by delivering a faster, more intelligent, and seamless banking experience..Syed Mahbubur Rahman, managing director and CEO of

The Hongkong and Shanghai Banking Corporation Limited (HSBC) Bangladesh recently organised a programme, styled “HSBC Trade Transformation & FX Trends Update” in Chattogram..The event brought together senior leaders from the export and trade ecosystem, along with esteemed clients, for an in

The central bank will allow the exchange rate of the dollar to be determined by market forces

BRAC Bank PLC, one of the leading private commercial banks in the country, posted higher profits in the first quarter of its financial year 2025, driven by increased investment and interest income.

Midland Bank PLC has recently launched a new sub-branch at Ishak Tower on Tin Potti Road in Karatia upazila of Tangail..Md Ahsan-uz Zaman, managing director and CEO of the bank, inaugurated the sub-branch as the chief guest, the bank stated in a press release..In his speech, Zaman ex

Sonali Bank PLC has recently inaugurated a new branch at Ranirbandar in Chirirbandar upazila of Dinajpur..This is the 1,234th branch of the bank, according to a press release..Md Shawkat Ali Khan, managing director and CEO of the bank, inaugurated the branch as the chief guest..<p

Uttara Bank PLC has announced a 35 percent dividend, comprising a 17.50 percent cash dividend, for the financial year 2024..The announcement was made during the bank’s 42nd annual general meeting (AGM), which was held virtually on Monday, according to a press release issued by the bank.</p

Astha, the digital banking app of BRAC Bank PLC, now serves over nine lakh customers, an achievement that underscores the growing confidence of a digitally empowered clientele. Launched in 2021, the app was developed to cater to the evolving lifestyles and diverse financial needs of Bangla

In what is seen as a landmark step toward restoring financial discipline, Bangladesh's interim government recently granted the central bank sweeping new powers to intervene in the troubled banking sector.