Bank Alfalah Bangladesh recently signed a memorandum of understanding (MoU) with the Bangladesh Bank for green financing at reduced rates with support of the central bank.

Md Zahedul Hoque has recently been elected as chairman of the Executive Committee of Standard Bank.

Eastern Bank recently signed a payment gateway agreement with Meghna Bank.

Pragati Life Insurance recently signed a bancassurance agreement with BRAC Bank, enabling the latter’s customers to conveniently purchase the insurer’s diverse range of insurance products.

AB Bank has launched an Islamic banking service, named “Ahlan”.

Eastern Bank has organised a training programme to enhance knowledge and capacity of its employees in sustainable finance.

Bengal Commercial Bank recently promoted an official to the post of additional managing director (AMD).

Southeast Bank has distributed financial assistance among farmers from the bank’s special corporate social responsibility (CSR) fund to help their cultivation and purchases of machinery.

NCC Bank and Dhaka University have signed an agreement under which the bank will provide financial assistance of Tk 95 lakh to a “jute retting” research project of the Department of Biochemistry and Molecular Biology of the university.

The WB said before initiating any merger processes, detailed guidelines on mergers and acquisitions need to be issued, allowing banks a clear idea about the process involved

The central bank of Bangladesh has tightened the monetary policy but its transmission has been hindered by the SMART lending rate cap since it slows pass-through to lending rates due to the use of a moving average, the World Bank said in a report today.  

Bangladesh’s real GDP growth is projected to remain relatively subdued at 5.6 percent in the current fiscal year, compared to the average annual growth rate of 6.6 percent over the decade preceding the Covid-19 pandemic, the World Bank said today.  

Union Bank recently celebrated its 12th anniversary at its head office in Gulshan.

Southeast Bank and Mastercard have launched the “Tijarah Islamic Mastercard World Credit Card” under the bank’s Tijarah Islamic banking segment.

IFIC Bank has reached a milestone with the inauguration of its 1,200th sub-branch at Baitul Mukarram Market in Dhaka.

Aavishkaar Capital, a concern of Aavishkaar Group, in partnership with KfW, a German state-owned development bank, has signed an agreement to invest the $5 million from its Environmental, Social and Governance (ESG) First Fund into Midland Bank.

Standard Bank has held its 389th board meeting at the bank’s head office in Dhaka today.

Exim Bank recently opened five new sub-branches in five different districts as a part of the continuous process to engage more people in banking.

Mercantile Bank has opened a relocated Rampura branch at Ujjal Tower on DIT Road in West Rampura in the capital.

A selected number of branches of banks will remain open on a limited scale during the upcoming weekend and holidays to facilitate the clearance of salaries and bonuses for Eid-ul-Fitr, which is expected to be celebrated on April 10.