United Commercial Bank (UCB) today announced a 10 percent dividend, including a five percent cash dividend, for the year that ended on December 31, 2023..The announcement came at the bank’s 41st annual general meeting (AGM), which was held virtually, according to a press release..<p

BRAC Bank recently signed an employee banking agreement with National Finance Limited (NFL), a non-bank financial institution (NBFI) in Bangladesh..Md Mahiul Islam, deputy managing director and head of retail banking of the bank, and Irteza Ahmed Khan, managing director of the NBFI, penned

It hit $2.54 in June this year, up from $2.19 billion in the same month last year

From FY25 beginning today, the maximum rate of export incentive has been set at 10% and the minimum at 0.3%

The previously fixed 360-day usance period ended today

Asset management companies invest pooled funds from clients into various securities and assets

All but Bangladesh Co-operative Insurance have already paid the fines

Bangladesh Islamic Centre to sell its entire stake

Bangladesh Bank includes tuber crop cultivation, goat and lamb rearing in the scheme

Bangladesh RACE Asset Management releases a statement in response to BSEC’s recent suspension on its BO accounts

Bangladesh's gross domestic product (GDP) growth will decrease to 5.7 percent in 2024-25 from 5.8 percent in the current fiscal year while inflation will ease to 8 percent, according to the Mastercard Economic Institute (MEI).

The fund will be given as working capital

Liquidity at Islamic banks in Bangladesh has decreased drastically, deepening a lingering cash crunch at the crisis-hit Shariah-based banks.

The late successful businessman had been one of the highest taxpayers in Bangladesh since 2010-11

The accounts should remain frozen for 30 days, BFIU ordered

The development comes a day after he was asked not to attend the board meetings of the state-run bank

The policy would aim to bring down inflation

A price spike of blue-chip stocks played an important role for the gain

The disclosure comes a couple of hours after the finance ministry transferred Matiur to the Internal Resources Division from the NBR

Small and medium enterprises (SMEs) are considered risky clients by most formal sector lenders since their financial health is weak and they are not good at managing risks and are expensive to lend. However, BRAC Bank has a different story to tell.