Private commercial lenders BRAC Bank and City Bank registered significant profit growth last year..BRAC Bank’s consolidated profit surged 73 percent year-on-year to nearly Tk 1,432 crore, while that of City Bank rose by 59 percent to around Tk 1,014 crore..BRAC Bank reported consolid
Jamuna Bank PLC has entered into an agreement with the Bangladesh Bridge Authority (BBA) to facilitate the implementation of a modern, transparent, time-efficient, and technology-driven toll collection system on the Padma Bridge..Under the terms of the agreement, both parties will collabor
Mercantile Bank PLC organised a daylong training programme titled “Prevention of Money Laundering & Combating Financing against Terrorism” for officials from the Chattogram, Feni, Noakhali, and Cumilla regions..The event was held at Chattogram Club in the port city recently..Accordin
Abdus Salam, a sponsor director, has been elected vice-chairman of NCC Bank PLC..The election took place during a recent meeting of the bank’s board of directors, according to a press release..Over the decades, he has distinguished himself as an authority in electromechanical install
IFIC Bank PLC has signed a memorandum of understanding (MoU) with the Investment Corporation of Bangladesh (ICB) to provide payroll banking services for ICB’s employees..Md Nazimul Hoque, chief manager of principal branch at the bank, and Md Anwar Shamim, general manager of ICB, signed the
Al-Arafah Islami Bank PLC has opened a hajj booth to provide services to hajj pilgrims at Ashkona Hajj Camp on Monday..Mohd Rafat Ullah Khan, managing director (current charge) of the bank, inaugurated the booth as the chief guest, said a press release..In his speech, Khan said, “Haj
EXIM Bank PLC yesterday launched a hajj booth at the Ashkona Hajj Camp to provide essential services to pilgrims during the hajj season..M Akhter Hossain, managing director (current charge) of the bank, inaugurated the booth as the chief guest, according to a press release..The booth
BRAC Bank has promoted four senior leadership team members to the post of additional managing directors (AMDs) and deputy managing directors (DMDs), effective from 1 April this year..Of them, Tareq Refat Ullah Khan, DMD and head of corporate and institutional banking, and Syed Abdul Momen,
NRB Bank PLC yesterday organised the “Year-to-Date Business Conference 2025 (Q1)” at the bank’s corporate head office in Gulshan, Dhaka, with the slogan ‘Not Just Banking, But Promise”..Iqbal Ahmed, founder chairman and present chairman of the bank, inaugurated the conference as the chief
ONE Bank PLC has recently launched a new branch in Chandpur, marking the 113th branch of the bank, according to a press release..KH Rashed Akhtar Zaman, senior executive vice-president and head of branch distribution at the bank, inaugurated the branch as the chief guest..On this occ
Dhaka Bank PLC has entered into a strategic partnership with JP Morgan Payments to enhance inward remittance services in Bangladesh, leveraging JP Morgan Payments’ Xpedite Select Receipt, a sophisticated cross-currency payment and receipt solution..Christine Tan, managing director and head
Prime Bank PLC has recently entered into a strategic partnership agreement with the Bangladesh Freelancer Development Society (BFDS) to empower the burgeoning freelancer community in Bangladesh..M Nazeem A Choudhury, deputy managing director of the bank, and Tanjiba Rahman, chairman of BFD
Prime Bank PLC has reported a 59 percent year-on-year growth in net profit after tax (NPAT) for the first quarter (Q1) of the financial year 2025..According to a press release, the NPAT rose to Tk 209 crore, compared to Tk 132 crore during the corresponding period of the previous year..
Romana Rouf Chowdhury has been re-elected as chairman of Bank Asia Securities Limited..The reappointment was confirmed during the company’s 14th annual general meeting (AGM), held on April 23, 2025, according to a press release..Chowdhury is also one of the directors of Bank Asia PLC
Eastern Bank PLC (EBL) has signed a memorandum of understanding (MoU) with the Chittagong Port Authority (CPA) to inaugurate advanced digital banking services at Chattogram Port..Rear Admiral SM Moniruzzaman, chairman of CPA, and Ali Reza Iftekhar, managing director and chief executive off
Standard Chartered Bank has entered into a strategic partnership agreement with Biman Bangladesh Airlines, to establish the airline’s first Regional Treasury Centre (RTC)..Md Shafiqur Rahman, managing director and CEO of the national flag carrier, and Naser Ezaz Bijoy, chief executive offi
City Bank PLC has promoted Md Nurul Azam Mozumder and Kamrul Mehedi to the position of deputy managing directors (DMDs)..Prior to assuming this new role, Mozumder was serving the bank as a senior executive vice-president and head of medium business, concurrently, said a press release. .
