Banking
Southeast Bank provides financial aid to farmers from CSR fund
Southeast Bank recently provided financial assistance to grassroots level farmers across the country from the bank’s corporate social responsibility (CSR) fund to help their cultivation and facilitate purchases of agri-based machinery.
Premier Bank’s profit grows 8%
Premier Bank reported an 8 percent year-on-year profit of Tk 79.02 crore in the first quarter of 2024
POLICY RATE HIKE, FLEXIBLE EXCHANGE RATE / Exporters to win, consumers to bear the brunt
The exporters have already welcomed the central bank's move to devaluate the local currency, which they have long been waiting for.
Dhaka Bank, VISA launch debit card for WeGro's farmers
Dhaka Bank and VISA launched a co-branded debit card for WeGro Technologies’ farmers, for whom the Swiss Agency for Development and Cooperation (SDC) has been working for a long time.
Khalilur Rahman becomes the new chairman of National Bank
The Bangladesh Bank has recently appointed Khalilur Rahman as the chairman of National Bank.
IFIC Bank joins hands with Diabetic Association
IFIC Bank recently signed a memorandum of understanding (MoU) with the Diabetic Association of Bangladesh (DAB) to address the challenges posed by chronic disease in Bangladesh.
EBL Connect wins Digital CX Award
EBL Connect, an online banking platform of Eastern Bank, recently won the “Outstanding Digital CX – Cash Management Platform 2024” award from The Digital Banker at the Digital CX Awards 2024 in Singapore.
Exim Bank signs deal to sell Popular Life’s insurance products
Exim Bank has signed an agreement with Popular Life Insurance to start selling the latter’s life insurance policies through bancassurance.
Eastern Bank, Lavender sign deal on payroll banking
Eastern Bank recently signed an agreement with Lavender Convenience Store on payroll banking.
Tk 34,000 crore investment proposals came in Jan-Mar: Bida
302 industries will make the investments
Crawling peg system: A welcome step but will it be enough to boost reserves?
The crawling peg system for the taka is a delayed and, perhaps, inadequate response to the bleeding of forex reserves. Some economists suggest the central bank should go beyond this formula and open the exchange rate to market forces to stop the continuous erosion of reserves. Either way, exporters and remitters will celebrate more flexibility in the exchange rate.
How National Bank lost its way
National Bank went from a financially stable bank to a bank marred in irregularities
IBA winner of ‘HSBC-IBA Business Case Competition 2024’
The Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh, in partnership with the Institute of Business Administration (IBA) of the University of Dhaka, recently organised the finale and award-giving ceremony of “Business Case Competition 2024”.
City Bank strikes deal to sell Reliance Insurance’s products
City Bank recently signed an agreement with Reliance Insurance Limited to commence the sale of the latter’s non-life insurance policies under bancassurance.
NRBC Bank declares 11% cash dividend
NRB Commercial (NRBC) Bank declared an 11 percent cash dividend for the year that ended on December 31, 2023.
Meghna Bank opens unit to extend banking support to airlines
Meghna Bank recently launched a business unit tailored to airline companies to extend their end to end (e2e) banking support.
Bangladesh Bank again dissolves National Bank board
The bank’s sponsor director Khalilur Rahman made the new chairman
