The growth is 1.6 percentage points lower than the provisional estimate

Janata Bank’s defaulted loans surged to a record Tk 67,300 crore by the end of last year, as politically exposed persons and business conglomerates became defaulters following the recent political changeover, reflecting the fragile condition of the state-run bank.

Martin Raiser, vice president of the World Bank (WB) for South Asia, arrived in Dhaka on a four-day visit yesterday, which the global financial institution stated was aimed at reinforcing its longstanding partnership with Bangladesh..Raiser is scheduled to meet high-ups of the government,

United Commercial Bank (UCB) PLC recently signed a memorandum of understanding (MoU) with DGePay, a leading payment gateway service provider and a concern of Dipon Group..Md Abdullah Al Mamoon, deputy managing director and chief operating officer of the bank, and Rashed Mahmud, chief execu

Meghna Bank PLC recently signed an agreement with PriyoShop, a business-to-business marketplace in Bangladesh..Kimiwa Saddat, deputy managing director of the bank, and Asikul Alam Khan, founder and CEO of the B2B marketplace, signed the deal at the bank’s head office in the capital’s Gulsh

BRAC Bank recently signed an agreement with WaterAid Bangladesh, a non-profit organisation, to support more than 10,000 individuals living in the coastal region of Satkhira in gaining access to safe drinking water, improved sanitation, and better hygiene..Md Sabbir Hossain, deputy managing

Eastern Bank PLC (EBL) and the Institute of Chartered Secretaries of Bangladesh (ICSB) recently launched the EBL-ICSB Visa co-brand credit card at the bank’s head office in Dhaka..Ali Reza Iftekhar, managing director and CEO of EBL, attended the launch of the card, according to a press rel

Dhaka Bank PLC and the Institute of Cost and Management Accountants of Bangladesh (ICMAB) recently launched a co-branded vertical Mastercard credit card for ICMAB members..Md Abdur Rahman Khan, secretary to the Internal Resources Division and chairman of the National Board of Revenue, atte

The current model of development requires a critical reevaluation. Rather than prioritising development and investment as the core focus, we must shift our attention to sustainability, nature, natural resources, and communities, said Syeda Rizwana Hasan, adviser to the Ministry of Environment, F

Southeast Bank PLC recently provided financial support worth Tk 49.65 lakh to Sher-e-Bangla Agricultural University for conducting research activities under its special corporate social responsibility (CSR) fund..Nuruddin Md Sadeque Hossain, managing director of the bank, handed over the c

Premier Bank PLC recently opened a relocated Kodomtoli branch at Raja Super Market in the Doublemooring thana of Chattogram..Mohammad Abu Jafar, managing director and CEO of the bank, inaugurated the branch, as the chief guest, according to a press release..The bank also launched a C

HSBC and BRAC Business School recently announced the “Business Case Competition 2025,” a team-based competition aimed at fostering analytical and strategic thinking among undergraduate students across the nation..Organised by the BRAC University Business Club – BIZ BEE, the competition see

Mohammad Shahriar Siddiqui and Saida Khanam will continue to serve as assistant spokespersons

Initially, the policy will cover dogs and cats

Embattled Beximco Limited has announced another round of layoffs citing a lack of work orders, a decision that affects nearly 8,000 workers across five manufacturing units in its industrial park in Gazipur.

Sonali Bank PLC has announced a 100-day special programme from 5 February to 15 May this year in order to create major breakthroughs in all business indicators and achieve targets for 2025..Md Shawkat Ali Khan, managing director and CEO of the bank, inaugurated the special programme at the

Prime Bank PLC recently signed a partnership agreement with Edison Real Estate Limited to provide benefits to its customers..Md Nazeem A Choudhury, deputy managing director of the bank, and Md Aminur Rashid, chairman and CEO of the real estate company, signed the deal at the realtor’s offi

Bank Asia PLC has introduced the “Hajj Deposit Scheme” to help individuals with low or limited income save for one of the five pillars of Islam – Hajj..Recognising the financial challenges many face in accumulating the necessary funds for this significant spiritual journey, the bank offers

Mercantile Bank PLC recently held a “Town Hall Meeting” at the Chittagong Club in the port city..Mati Ul Hasan, managing director of the bank, attended the meeting as the chief guest, according to a press release..Hasan delivered a speech highlighting non-performing loans, future pla

Education and Planning Adviser Wahiduddin Mahmud said the recommendations of the taskforce committee have been handed over to the chief adviser, and all advisers were asked to choose at least one recommendation that can be implemented during their tenure.