Banks

Banks

Islami Bank wins Muktadhara’s ‘Remittance Award’

Islami Bank Bangladesh PLC won the “Remittance Award” from Muktadhara New York Inc for collecting the highest amount of remittance in Bangladesh.

2h ago

Prime Bank inks deal with Le Meridien Dhaka

Prime Bank recently signed a strategic partnership with Le Meridien Dhaka.

2h ago

Commercial Bank of Ceylon, Partex Furniture sign MoU

The Commercial Bank of Ceylon PLC signed a memorandum of understanding (MoU) with Partex Furniture Industries Ltd, a furniture manufacturing company in Bangladesh.

2h ago

Timely steps alleviate forex crunch of Pubali Bank

Pubali Bank Limited has successfully dealt with the ongoing foreign currency crunch courtesy of timely restrictions on the import of luxurious items, foreign fruits and ornaments, said the top official of the private commercial lender.

2h ago

Banks asked to work together to stabilise forex market

The central bank instruction came from a meeting between Governor Abdur Rouf Talukder and a delegation of the Association of Bankers Bangladesh (ABB)

3h ago

Meghna Bank wins ‘Excellence in Credit Cards’ by Visa

Meghna Bank Ltd has won the “Excellence in Credit Cards” award in the “Visa Leadership Conclave 2023”.

1d ago

Union Bank distributes agriculture funds

Shariah-based Union Bank Ltd distributed agriculture investment among farmers in Chattogram yesterday.

1d ago

Exim Bank holds business development confce

Exim Bank yesterday arranged a “Business Development Conference” for the branch managers, executives and officials of the bank in Chattogram region.

1d ago

Bangladesh, 29 others can now trade on Russian currency market

The Russian embassy in Bangladesh shares a list of countries on its verified Facebook page

1d ago

Climate fund stuck in Farmers Bank

The Bangladesh Climate Change Trust was supposed to get back in 2016 the Tk 538 crore, plus the accumulated interest, it deposited with the then Farmers Bank. However, it has so far received just Tk 74 crore after around seven years.

3d ago

AB Bank to issue bond of Tk 500cr

AB Bank Limited has decided to issue a Tk 500 crore bond.

3d ago

Two more banks get to trade in rupee

Standard Chartered Bangladesh (SCB) and Islami Bank Bangladesh PLC have received approval from Bangladesh Bank to conduct bilateral trade with India using the rupee. 

4d ago

WB to give $102m for navigability of Jamuna

World Bank will provide Bangladesh a loan of $102 million to improve navigability of the Jamuna river and protect the river bank.

4d ago

Banks’ lending slows for liquidity crunch

The banking sector’s lending growth squeezed in the April to June quarter owing to a shortage of liquidity at most banks and their unwillingness to extend credits to borrowers already struggling to pay back, official figures showed. 

4d ago

Dollar Manipulation: BB asks 10 banks to explain

The Bangladesh Bank has asked 10 banks’ managing directors why their treasury heads should not be penalised for their involvement in dollar rate manipulation this year.

5d ago

NRB Commercial Bank Ltd becomes NRBC Bank PLC

NRB Commercial Bank Ltd has been renamed NRB Commercial Bank PLC with effect from September 17.

5d ago

Padma Bank introduces Islamic banking

Padma Bank Ltd recently launched a Shariah-based banking service styled “Padma Bank Islamic”, opening the doors to interest-free banking services for customers.

5d ago

Banking Sector: Female workforce rises but slightly

The number of women bankers has gone up slightly over the last three years, after it saw a drop during the Coronavirus pandemic in 2020.

6d ago