S Alam Group's control over First Security Islami Bank Ltd (FSIBL) ended today after the Bangladesh Bank reconstituted the board of the Shariah-based bank, which was heavily dominated by individuals linked to the Chattogram-based conglomerate..The central bank dissolved the previous 11-mem

Islami Bank, the largest private bank by deposits in 2017, was a lucrative target for Sheikh Hasina’s cronies when an influential business group with her blessing occupied it by force – a “perfect robbery” in Bangladesh’s banking history.

NCC Bank donated a financial relief package worth Tk 2 crore for flood-affected people as a part of its corporate social responsibility..The sum was given to the Chief Adviser's Relief and Welfare Fund..Md Monirul Alam, deputy managing director of the bank, and Md Anwar Hossain, head

AB Bank announced a financial relief package worth Tk 5 crore for flood-affected people in different districts of the country..A fund has been created with an initial deposit of Tk 2 crore to supply relief materials to flood-affected people and for subsequent rehabilitation, according to a

Officers and employees of Premier Bank recently donated a financial relief package worth Tk 1 crore to assist flood-affected people in various districts of the country..The sum will be given to the Chief Adviser’s Relief and Welfare Fund, according to a press release..“In this critic

Salahuddin Alamgir, chairman and CEO of Labib Group, was elected as chairman of Modhumoti Bank’s executive committee in the 79th meeting of its board of directors at its head office in Dhaka recently..Alamgir is a prominent business personality with more than 25 years of experience in dyei

Mohammed Nurul Amin has been appointed as an independent director and chairman of Global Islami Bank following his selection by the Bangladesh Bank..Amin currently serves as an adviser to iPay Systems Ltd, a digital payment service provider..During a career spanning over 41 years, he

Prof M Sadiqul Islam was recently elected chairman of Social Islami Bank during its 516th board meeting..Islam, who has over 38 years of experience at the University of Dhaka, is currently serving as a professor in the department of finance..He is also an independent director of Walt

NRB Bank recently launched a Kalampur branch in the capital’s Dhamrai..Md Omar Faruk Khan, managing director and CEO (current charge) of the bank, inaugurated the branch as the chief guest, according to a press release..Mirza Md Year Hossain, a noted social worker, was present as sp

Islami Bank’s former managing director Abdul Mannan had not appeared or spoken publicly since S Alam Group took control of the bank in March 2017.

The control of influential businessman Nazrul Islam Mazumder over Exim Bank ended yesterday as the Bangladesh Bank reconstituted the board of the Shariah-based lender.

Standard Chartered Saadiq Bangladesh has been recognised as the country’s “Islamic Bank of the Year”, “Best Islamic SME Bank”, and “Best Islamic Retail Bank” at The Asset Triple A Islamic Finance Awards 2024..This year, Standard Chartered Saadiq won a total of 38 awards..The franchis

M Sadiqul Islam, a professor of the department of finance at the University of Dhaka, was elected chairman of Social Islami Bank yesterday while Md Anisul Hoque, representative of Hamdard Laboratories (Waqf) Bangladesh, got the post of vice-chairman..The board of directors organised a meet

Prime Bank recently signed a partnership agreement with Toyota–Navana Limited, an authorised distributor of brand-new Toyota vehicles in Bangladesh..Md Nazeem A Choudhury, deputy managing director of the bank, and Md Ali Ehsan, head of after-sales operations at Toyota-Navana Limited, penne

Dhaka Bank donated a financial relief package worth Tk 2 crore for flood-affected people in various districts of the country..The sum was deposited to the Chief Adviser’s Relief and Welfare Fund and will be mobilised to meet the essential needs of the victims..AMM Moyen Uddin, deputy

SBAC Bank recently signed an agreement with Grameenphone to provide transaction and promotional bulk SMS and value-added digital services..Habibur Rahman, managing director and chief executive officer of the bank, and Asif Naimur Rashid, chief business officer of the telecom operator, penn

BB forms new five-member board for Exim, keeping three shareholder directors unchanged

The 12-member panel held its first meeting today, the next one on Sep 3

The banks have to disburse Tk 38,000 crore in FY25, a target 8.75% higher year-on-year

The central bank has just reconstituted the board of United Commercial Bank (UCB) for financial wrongdoings, but it has a darker past – a takeover at gunpoint by a politically influential family over a quarter of a century ago.