NCC Bank has elected Khairul Alam Chaklader and Meer Sajed-Ul-Basher as chairmen of the executive committee and audit committee of the board respectively..Chaklader is director and former vice-chairman of the bank, according to a press release. .He is also chairman of Maxwell Group,

Reserves were $19.87 billion a week ago

AB Bank opened a renovated collection booth at the National Institute of Cardiovascular Diseases (NICVD) with full-fledged modern banking services..Tarique Afzal, managing director and CEO of the bank, and Prof Abdul Wadud Chowdhury, director of the NICVD, inaugurated the booth recently, a

Bank Asia PLC recently signed an agreement with Rancon Motors Limited, the general distributor of Mercedes-Benz vehicles, in Bangladesh..ANM Mahfuz, additional managing director of the bank, and Imran Zaman Khan, divisional director of the automobile company, penned the deal at Rangs Babyl

Prime Bank recently signed a payroll agreement with BS Group, a leading shipping liner operator in Bangladesh..Md Nazeem A Choudhury, deputy managing director of the bank, and Samsad Sultana Mimi, director of the shipping liner operator, penned the deal at the bank’s corporate office in th

Orange bonds are a cross-cutting asset class designed to invest in gender equity and climate action

All of them were appointed to three-year terms at different times

Bangladesh Bank has revised the lending target for green and sustainable ventures as banks in the country recently achieved the previous benchmark in this regard..As such, banks will have to disburse more loans for green and sustainable initiatives from next year as Bangladesh aims to redu

BRAC Bank PLC recently signed a strategic partnership agreement with Quality Feeds Limited, an animal feed manufacturer in Bangladesh, to digitise their cash management process..M Basir Rahman, director for finance and risk management at the feed manufacturing company, and Tareq Refat Ulla

Prime Bank PLC recently signed a partnership agreement with Chaldal.com, an online grocery platform in Bangladesh, at the bank’s corporate office in the capital..Md Nazeem A Choudhury, deputy managing director of the bank, and Waseem Alim, chief executive officer of the online grocery plat

Islami Bank Bangladesh PLC opened a new branch at Patharghata upazila of Barguna yesterday..This is the 396th branch of the bank, said a press release..Md Altaf Hossain, additional managing director of the bank, inaugurated the branch as the chief guest..In his speech, Altaf Ho

Southeast Bank PLC recently organised the “BAMLCO Conference-2024” at the bank’s head office in the capital..A total of 350 participants, including heads of branches, branch anti-money laundering compliance officers (BAMLCOs), in-charges of sub-branches and offshore banking units (OBUs) to

Deposited money is safe in banks, Husnay Ara Shikha says

Habib won the first prize in the private sector category for series reports on "War hit private sector harder than pandemic"

Pubali Bank PLC launched an “Islamic Corner” at its Dhaka Stadium Corporate Branch as part of its nationwide service to cater to the growing demand for Shariah-compliant banking services..The bank’s customers can easily access all Islamic banking services through these dedicated corners, w

Southeast Bank PLC, in collaboration with Mastercard and Zantrik Limited, a vehicle maintenance startup, recently launched a prepaid card for the growing number of car owners in the country..The new card will offer a wide range of benefits to cardholders, allowing them to control their fue

Dhaka Bank PLC opened a relocated CEPZ SME service centre and offshore banking unit at Commercial Complex, Dakshin Halishahar in Chattogram EPZ to provide the best-in-class and advanced services to its customers..Abdul Hai Sarker, chairman of the bank, inaugurated the services centre as ch

Citizens Bank PLC recently opened a new branch at Agrabad in Chattogram..Mohammad Masoom, managing director and chief executive officer of the bank, inaugurated the branch, the bank said in a press release..Local businessmen, clients and other senior officials of the bank, among othe

United Commercial Bank (UCB) PLC opened a branch at Tekerhat in Madaripur yesterday..Mohammad Mamdudur Rashid, managing director and CEO of the bank, inaugurated the branch, said a press release..“UCB has taken time-befitting initiatives to make banking services modern, safe, easy an

City Bank PLC reported a 77 percent increase in profit to Tk 1,653 crore in the July-September period of 2024 driven by its cautious approach toward loan provisioning..The operating profit was Tk 932 crore during the same period of the last year, said a press release..The bank disclo