National Bank has been able to recover about Tk 900 crore of defaulted loans as of October and initiatives are underway to recover another Tk 400 crore by this year, said its chairman, Abdul Awal Mintoo, yesterday. .He was addressing a press conference at its head office in the capital’s

Mirza Azhar Ahmad has recently joined Bank Asia PLC as deputy managing director (DMD) and chief operating officer..Ahmad started his career at Standard Chartered Bank in 1999 and served there till 2022, the bank said in a press release..He previously worked at ONE Bank PLC as senior

Midland Bank PLC recently signed a memorandum of understanding (MoU) on an online cash management solution with BP Manufacturing (BD) Co Ltd, a toy manufacturing company..Muhammad Majidul Haq Patwary, vice-president and head of institutional banking division of the bank, and Wong Chi Yu Be

Southeast Bank PLC, in collaboration with Nari Unnayan Forum -- a non-government organisation (NGO) in Bangladesh -- provided financial support to grassroots farmers from a special fund as part of its corporate social responsibility (CSR)..The finance covers areas like “increasing yield in

BRAC Bank PLC recently signed a cash management services agreement with Robi Axiata Limited to deliver advanced cash management services tailored to enhance their financial operations..Tareq Refat Ullah Khan, deputy managing director and head of corporate and institutional banking at the b

IFIC Bank PLC launched a new feature integrated QR-based cashless payment facility into the IFIC Aamar Bank App, the digital banking solution of the bank..Syed Mansur Mustafa, managing director of the bank, inaugurated the feature by making a payment at a cafeteria at IFIC Tower in the cap

The banks are: FSIBL, SIBL, Exim, National, Union and Global Islami

The International Finance Corporation (IFC), a member of the World Bank Group, will invest $50 million in City Bank PLC to help small and medium enterprises (SMEs) in Bangladesh grow businesses, create jobs, and boost economic recovery..The international financial institution signed an agr

SBAC Bank PLC recently organised a training workshop on preventing money laundering and combating terror financing at the bank’s training institute in the capital..Md Altaf Hossain Bhuyan, deputy managing director of the bank, attended the workshop as the chief guest, the bank said in a pr

Eastern Bank PLC (EBL) and the Bangladesh Investment Development Authority (Bida) have jointly opened a daycare centre at the Bangladesh Economic Zones Authority (BEZA) office in Dhaka..Chowdhury Ashik Mahmud Bin Harun, executive chairman of the Bida, and Ali Reza Iftekhar, managing direct

The commission also wants the fund dedicated for each bank to be increased to Tk 300 crore

Bank Asia PLC plans to increase its lending to retail and small and medium enterprises (SME) to about 50 percent of its total loan portfolio, according to its Managing Director Sohail RK Hussain..“We have extensive experience in the SME sector and are now placing stronger focus on it,” he

IFIC Bank PLC recently donated desktop computers and educational materials to students of Khulna Collegiate Girls’ School and KCC Women’s College to inspire young women to embrace technology and enhance their digital skills..The bank did it under its campaign, styled “Stand Beside Women in

National Bank Limited (NBL) was recognised as the “Top Remittance Bank Receiver 2024” at the “Bangladesh Remittance Fair 2024” held in New York of the United States..The bank got the recognition for being the second highest receiver of remittances sent from the United States to Bangladesh,

Pubali Bank PLC signed a group hospitalisation insurance agreement with Delta Life Insurance Company Limited as part of a strategic collaboration aimed at improving healthcare benefits for the bank’s employees..Ismat Ara Huq, general manager of the human resources division of the bank, and

However, the displaced official said the allegations are yet to be proved

Renata PLC has raised Tk 536 crore by issuing zero coupon bonds and preference shares, saying the funds would be used to reduce its average cost of lending. 

NRB Bank PLC has promoted Md Shakir Amin Chowdhury to the post of additional managing director (AMD)..Prior to this position, Chowdhury had been serving as a deputy managing director, the bank said in a press release..He has 38 years of banking experience..He started his bankin

The Embassy of Denmark in Bangladesh and Eastern Bank PLC (EBL) signed a joint declaration of intent yesterday..Under this, the embassy will collaborate with the bank on the “EBL Climate Change Action Award” with the common goal of promoting climate change adaptation and mitigation in Bang

Bank Asia PLC recently organised a daylong “Agent Business Meet-2024” at the BURO Institute of Innovation and Development, Tangail to review business strategies and compliance..Prof MA Baqui Khalily, chairman of the board risk management committee and board audit committee of the bank, ina