However, the Indian currency avoids sharp losses on central bank's intervention

Eastern Bank PLC (EBL) yesterday launched a new savings product, titled “EBL Little Star”, designed exclusively for children under five years of age..Ali Reza Iftekhar, managing director of the bank, inaugurated the new product proposition at the bank’s head office in the capital’s Gulshan

A bank will not be able to do Islamic banking business along with conventional banking at the same time, according to the draft ‘Islami Bank Company Act-2024’, as the central bank looks to level the playing field for Shariah-based banks.

Crisis-ridden Padma Bank will find a way to return around Tk 874 crore to the Bangladesh Climate Change Trust (BCCT) after a new board of directors is formed.

Prime Bank PLC recently signed an agreement with Crown Cement PLC, one of the leading cement manufacturing companies in Bangladesh..Md Nazeem A Choudhury, deputy managing director of the bank, and Mohammad Ahasan Ullah, group chief financial officer of the cement manufacturing company, pen

United Commercial Bank (UCB) PLC recently opened two new branches at Mainamati in Cumilla and Basurhat in Noakhali with a view to providing top-notch banking services to residents of these areas..These are the 230th and 231st branches of the bank, the bank said in a press release..Mo

Standard Chartered Bangladesh recently won three awards at Visa Payments Excellence Awards 2024 in three categories at the award-giving ceremony, styled “Visa Leadership Conclave Bangladesh 2024.”.During the awards ceremony, the bank received the most-anticipated award of the night in the

Exim Bank organised a “Business Development Conference 2024” at the bank’s head office in the capital yesterday..Md Nazrul Islam Swapan, chairman of the bank, attended the conference as the chief guest, the bank said in a press release..In his speech, Swapan said all the employees of

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