Shahjalal Islami Bank, BB strike deal on credit guarantees

Shahjalal Islami Bank recently signed a participation agreement with Bangladesh Bank’s Credit Guarantee Department to increase women participation in economic activities and facilitate access to unsecured investment facilities by increasing investment flow under the refinancing scheme for women entrepreneurs in the small enterprise sector.
16 March 2024, 15:25 PM

Al-Arafah Islami Bank holds business development meeting

Al-Arafah Islami Bank recently organised a business development meeting for managers of the bank's corporate branches.
16 March 2024, 15:20 PM

Prime Bank organises workshop to empower exporters with innovative financial solutions

Prime Bank recently organised a workshop, styled “Facilitating Trade Finance: Challenges and Opportunities”, aimed to bolster the growth of export-oriented businesses in Bangladesh.
16 March 2024, 15:15 PM

Exim Bank to take over troubled Padma Bank

Struggling Padma Bank is set to be taken over by Shariah-based Exim Bank as part of the Bangladesh Bank plan to rein in the runaway defaulted loans to a reasonable level and bring good governance to the banking sector.
14 March 2024, 18:00 PM

SBAC Bank, BB sign deal on credit guarantee for women entrepreneurs

SBAC Bank has signed a participation agreement with Bangladesh Bank for a credit guarantee facility.
14 March 2024, 16:18 PM

Pubali Bank, ONE Bank ink deal on fund transfer

Pubali Bank and ONE Bank recently signed an agreement for enabling fund transfers between Pubali Bank’s mobile banking app (PI) and ONE Bank’s mobile financial service (OK Wallet).
14 March 2024, 15:10 PM

BRAC Bank launches bancassurance service

The bank will initially offer insurance products from MetLife Bangladesh and Green Delta Insurance
14 March 2024, 14:58 PM

NCC Bank, BB strike deal on credit guarantee facilities

NCC Bank recently signed two participatory agreements with Bangladesh Bank to provide credit guarantee facilities under the central bank’s refinance schemes.
14 March 2024, 14:53 PM

Forex reserves fall below $20 billion after import payments

$1.29 billion import bills cleared last week, which brought down the reserves to $19.99 billion on Wednesday
14 March 2024, 14:48 PM

Emerald Oil’s major shareholder to sell 10 lakh shares

The oil producer will get the sales proceeds as loan to repay bank loans
14 March 2024, 14:03 PM

SM Mannan Kochi nominated as new BGMEA president

Syed Nazrul Islam new first vice-president and Khandoker Rafiqul Islam senior vice-president
14 March 2024, 11:44 AM

Padma Bank to merge with EXIM Bank: official 

Padma Bank, which has been struggling with the burden of toxic loans for years, will merge with EXIM Bank. It will be the first bank merger in Bangladesh
14 March 2024, 07:40 AM

Trust Bank organises School Banking Conference in Barishal

Trust Bank has recently organised a school banking conference as the lead bank under the guidance of Bangladesh Bank.
13 March 2024, 14:25 PM

First-ever guideline for non-banks’ independent directors

The minimum age of such directors is 45 years and maximum 75 years
13 March 2024, 14:04 PM

Dhaka Bank, bKash strike deal on cash management services

Dhaka Bank has signed an agreement with bKash to provide 24/7 cash management services to the distributors, agents and merchants of the mobile financial service (MFS) provider.
13 March 2024, 14:00 PM

BRAC Bank retains Moody’s ‘Stable’ outlook rating

BRAC Bank got the highest credit rating with a 'stable' outlook by the international ratings agency Moody’s Investor Service.
13 March 2024, 10:46 AM

IDLC Finance’s profit down 21% in 2023

The consolidated earnings per share was Tk 3.64 last year, down from Tk 4.61 in 2022
13 March 2024, 06:56 AM

BB outlines tough measures for wilful defaulters

The Bangladesh Bank yesterday introduced strict measures for wilful defaulters as the authorities look to restore people’s confidence in the banking sector in the face of escalating defaulted loans.
12 March 2024, 18:00 PM

Global Islami Bank, BB pen deals on credit guarantee products

Global Islami Bank (GIB) recently signed two agreements with the Bangladesh Bank to provide credit guarantees for women entrepreneurs under a refinance scheme and guarantee facilities for the agro-product processing sector.
12 March 2024, 16:30 PM

HSBC, Maersk Bangladesh collaborate to digitise freight collections

The Hongkong and Shanghai Banking Corporation (HSBC) recently signed an agreement on digitalising freight collection with Maersk Bangladesh, one of the leading companies in the shipping industry.
12 March 2024, 15:50 PM