Banking
EBL wins ‘Visa Excellence Awards’
Eastern Bank PLC has won “Visa Excellence Awards” in four categories in the “Visa Leadership Conclave – Towards a Cashless, Smart Bangladesh 2023”.
StanChart completes Taka-Rupee transaction for Walton
This is the first BDT-INR export transaction for Bangladesh’s electronics industry
Rules eased for IRIDP-3 Social Impact Sukuk
Until now, banks and financial institutions were allowed to trade the bond at a face value of Tk 5,000 crore
Islami Bank share sees record transaction
Tk 524 crore worth of shares of the bank change hands at Ctg bourse today
Refrain from transacting with US sanctioned Burmese banks: BB
The banks are: Myanmar Foreign Trade Bank and Myanmar Investment and Commercial Bank
Rules relaxed for hiring of former bankers as directors
One can be a bank director five years after retirement or contract
ACC seeks bank account details of SK Sur Chowdhury, his spouse, daughter
A probe is going on for their alleged involvement with PK Halder
Zaved Akhtar, new chairman of Unilever Bangladesh
He will continue to lead the Bangladesh business as managing director
Licences of seven foreign exchange houses suspended
The seven are York Money Exchange Ltd, Zaman Money Changing House, Jeni Money Exchange, Standard Money Exchange Ltd, Mercy Money Exchange Co Ltd, JB Money Exchange, and Bengal Money Exchange.
EBL, Pran sign interest swap deal
The bank will pay Pran at 7%, but Pran will repay at an interbank repo rate
LankaBangla Finance becomes LankaBangla Finance PLC
Companies are switching to the PLC (Public Limited Company) suffix in order to comply with the amended Company Act 1994
S&P downgrades multiple US banks
Funding risks and weaker profitability will likely test the sector's credit strength
Pathao wants to establish digital bank
Pathao, Bangladesh’s one of largest digital services company, has applied for a licence to set up a digital bank and extend banking services through its proposed Pathao Digital Bank.
