Profit of South Bangla Agriculture & Commerce (SBAC) Bank Ltd soared 28 per cent in the first six months of the current financial year that will end in December as the lender was able to bring down its provision against defaulted loans.

National Bank Limited suffered a Tk 627 crore loss in the first half of 2023, up 261 per cent year-on-year, due to lower incomes from interests on loans. 

The central bank today instructed banks to bring down the number of directors from the same family to three in line with the Bank Company (Amendment) Act 2023 within the shortest possible time.

Its EPS rose to Tk 0.43 in 2023's H1 from Tk 0.41 in 2022's H1

It hit Tk 0.51 in the negative from Tk 0.065 in the negative in 2022's Q2

Its EPS hit Tk 1.64 in 2023's H1, down from Tk 2 in 2022's H1

Bangladesh Bank in a circular today relaxed a rule over the requirement of diploma certificates for bankers to get promotions. 

Some 50 scheduled banks led by Dhaka Bank Ltd recently organised a “School Banking Conference” at Aman Ullah Convention Center in Sylhet to encourage students to start saving money from an early age. 

Bank Asia Limited has launched a new version of its “SMART App” with advanced features to ensure more convenient, secure and state-of-the-art banking services for customers. 

Trust Bank declared 20 per cent dividends for the year that ended on December 31, 2022.

Crystal Insurance Company Ltd has decided to invest Tk 12.5 crore as a sponsor shareholder to establish a digital bank.

The company is yet to finalise the name of the bank

Eastern Bank Limited has won the International Finance Banking Awards 2023 under the "Most Innovative Retail Bank in Bangladesh" category.

The government awarded licences to set up new nine banks in 2013 despite criticism from analysts and economists and initial reservations from the central bank since the number of lenders was already high in Bangladesh and approvals were largely given on political consideration.

Prime Bank Ltd organised a daylong training initiated by Bangladesh Financial Intelligence Unit (BFIU) on “Prevention of Money Laundering and Combating Financing of Terrorism” for commercial banks operating in Sherpur. 

Community Bank Bangladesh Ltd yesterday launched a Khulna sub-branch at KMP Shopping Complex in Khulna Sadar Thana. 

Md Abdur Rahim has recently joined Rajshahi Krishi Unnayan Bank (Rakub) as a deputy managing director (DMD).

Prime Bank Ltd made a 50.75 per cent year-on-year higher profit of Tk 114.36 crore in the second quarter of 2023.

It made a profit of Tk 110.6 crore in the quarter

Bank Asia has decided to be a sponsor shareholder of a proposed digital bank by investing Tk 12.50 crore, said the private bank today.