Md Saidul Islam has recently been re-elected as chairman of Jamuna Bank for another one year.

Shahjalal Islami Bank recently organised the 376th meeting of the Board of Directors of the bank at its corporate head office in Dhaka.

BRAC Bank recently promoted an official to the post of deputy managing director (DMD), effective from April 1.

Zafar Alam, managing director and CEO of Social Islami Bank, recently attended the 22nd meeting of the participants committee of Awqaf Properties Investment Fund (APIF) in Jeddah, Saudi Arabia, as a shareholder of the APIF.

Mercantile Bank recently donated Tk 5 lakh to the Society for the Welfare of Autistic Children (SWAC) as part of corporate social responsibility of the bank.

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.