Banks
Reserves drop below $20b after ACU payment
After remaining above the $20 billion mark for just three days, Bangladesh's foreign currency reserves dropped to $18.46 billion after the country paid its regional import bills on October 9.
AB Bank holds anti-money laundering training
AB Bank PLC recently organised a daylong training programme on “Prevention of Trade-Based Money Laundering” for its officials of authorised dealer branches and head office..Mohammad Mokter Hossain, additional director of Bangladesh Financial Intelligence Unit (BFIU), attended the training
Midland Bank wins award at Visa Leadership Conclave
Midland Bank PLC has won the “Excellence in Consumer Cards – Prepaid” award in the prepaid card category at the “Visa Leadership Conclave Bangladesh 2024”..Md Ahsan-uz Zaman, managing director and CEO of the bank, received the award from Sandeep Ghosh, group country manager for India and S
Janata Bank gets new MD
Md Mazibur Rahman has recently been appointed as managing director of Janata Bank PLC..Prior to his new appointment, Rahman had been serving Probashi Kallyan Bank as managing director, said a press release..He started his career in Rupali Bank Limited as a senior officer in 1998..
Dhaka Bank wins award at Visa Leadership Conclave
Dhaka Bank PLC recently won an award in the category of “Excellence in Product Innovation” at the Visa Leadership Conclave Bangladesh 2024..The digital payment solution provider awarded the bank for creating a milestone towards the digitalisation of financial services for farmers in Bangla
Prime Bank signs deal with Sheba.xyz
Prime Bank PLC recently signed a partnership agreement with Sheba.xyz, the largest service marketplace and one-stop solution for home services in Bangladesh, aiming to bring added value and enhanced shopping experiences to customers..Md Nazeem A Choudhury, deputy managing director of the b
First Security Islami Bank holds business conference in Ctg
First Security Islami Bank recently organised the “Business Development Conference-2024” for Chattogram North and South zones at the Navy Convention Centre in the port city..Mohammad Abdul Mannan, chairman of the bank, attended the conference as the chief guest, the bank said in a press re
Mercantile Bank holds business review meeting
Mercantile Bank PLC recently organised its “Business Review Meeting-2024” for Barisal and Khulna regions at Hotel Grand Park Barisal..Heads of 17 branches of Barisal and Khulna zones, including sub-branches of the bank, participated in the conference..Md Quamrul Islam Chowdhury, mana
Rupee slips to record low
However, the Indian currency avoids sharp losses on central bank's intervention
Eastern Bank launches savings scheme for children
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
Islamic banking to be off limits to regular banks
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.
Padma Bank to find ways to return Tk 874cr climate fund
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 signs deal with Crown Cement
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
UCB opens two branches in Cumilla, Noakhali
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
StanChart wins Visa Payments Excellence Awards 2024
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 organises business development conference
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 elects chairman for two board committees
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,
