Banks yesterday hiked the rate to purchase US dollars from exporters by Tk 1 to Tk 104 as part of efforts to set a uniform exchange rate in Bangladesh by June replacing the ongoing multiple exchange rates.

Sonali Bank Limited shareholders have approved adopting a new name, Sonali Bank PLC, in an extraordinary general meeting held at the bank’s head office in Dhaka yesterday.

Islami Bank Bangladesh has received a PCI DSS version 3.2.1 certification for “ensuring a strong and advanced network, regular monitoring and maintenance for customers’ data protection”. 

The central bank has given permission to banks to complete legal procedures to change their name by adding PLC as a suffix.

The central bank yesterday said remitters would not have to make any declaration to send remittances up to $20,000.   

Bangladesh Bank yesterday made having a banking diploma mandatory for the promotion of officials of non-bank financial institutions (NBFIs) to the post of senior officers and above.

A PLC is a public company and is the equivalent of a US publicly traded company that carries the Inc. or corporation designation

Premier Bank has recently promoted two deputy managing directors to the post of additional managing directors. 

Habitual defaulters' reluctance to repay the funds fuelled the amount to reach Tk 120,656 crore

The Bangladesh Bank has cut down the time for foreign direct investment receiving and sending firms and their dealer banks to submit FDI reporting forms and supporting documents to the central bank.

Southeast Bank recently promoted two senior executive vice-presidents to the post of deputy managing directors.

Pubali Bank recently promoted three general managers to the posts of deputy managing directors. 

The agricultural and cereal price indices closed 2 per cent higher than two weeks ago, the World Bank’s latest food security update showed.

Shahabuddin was made IBBL director in June 2017 after the change of ownership of the bank

The Bangladesh Bank has injected $330 million into the country’s foreign exchange market since February 1 when the International Monetary Fund disbursed $476.27 million to Bangladesh as the first installment of a $4.7 billion loan. 

Bank Asia has signed an agreement with Pragati Life Insurance to provide group health insurance facilities for its employees. 

Bangladesh Garment Buying House Association and 10 Bangladeshi companies have recently participated in a three-day apparel sourcing trade show, Texworld New York City, with Brac Bank as a banking partner. 

Leading German financial institution Deutsche Bank has opened its representative office in Dhaka’s Gulshan 1 on February 6.

The Japan Bank for International Cooperation (JBIC) has expressed interest in investing in Bangladesh’s sugar industry as well as setting up a fertiliser factory like the one in Ghorashal town under Palash upazila of Narsingdi.

The leading global bank joins over 70 other German companies already present in Bangladesh