Banks
Dutch-Bangla Bank witnesses highest profit growth in a decade
Dutch-Bangla Bank PLC recorded nearly 42 percent growth in earnings last financial year, its highest in a decade, by improving asset quality and focusing on maintaining good corporate governance.
Gold price hits new record again
Jewellers are selling each bhori of gold at Tk 119,637 from 7pm today
‘Farmer, RMG workers, migrants main drivers of Bangladesh economy in first 50 years’
However, their contribution would not remain the same in the years to come, says a book published from London
Bank Asia to take over Bank Alfalah’s Bangladesh unit
Bank Asia is likely to acquire the Bangladesh operations of Karachi-based Bank Alfalah, according to information disclosed to the Pakistan Stock Exchange yesterday.
Dutch-Bangla joint venture firm to establish bag factory in Cumilla EPZ
BSK Bangladesh will invest $6.14 million
BASIC Bank employees want merger with another state bank
They submitted a memorandum to Bangladesh Bank governor
IMF lowers Bangladesh’s economic growth forecast
Bangladesh economy to grow 5.7% in FY24, the lender says
BB gets five merger proposals from banks
No new proposal will be accepted before the completion of the five, BB says
Economy grows by 3.78% in Oct-Dec, slowest in three quarters
The Bangladesh Bureau of Statistics says in quarterly GDP estimate
City Bank likely to take over BASIC Bank
Troubled state-owned BASIC Bank is likely to be acquired by private sector lender City Bank as the central bank is forging full steam ahead with its plan to engineer the takeover of weak banks with stronger ones.
BJMC racking up losses for payroll burden
The Bangladesh Jute Mills Corporation continues to be mired in losses due to the huge payroll burden of its 25 closed factories since 2020.
Bank Alfalah's profit triples
The multinational bank made Tk 43 crore in 2023, up from the previous year's Tk 13 crore
Can merger be panacea for banking sector’s ills?
The merger guideline for banks and financial institutions is being hailed as a major step towards fixing the problem in the financial sector, which has been weighed down by massive default loans and weak corporate governance.
BB's support helping banks avert pre-Eid liquidity crunch
Although banks in the country normally face a liquidity shortage due to cash withdrawals ahead of Eid-ul-Fitr each year, a majority of them have sufficient funds on hand this time around thanks to continuous liquidity support from Bangladesh Bank.
Will bank mergers help?
The most recent bank merger proposal in Bangladesh reflects a pressing need for action due to Bangladesh Bank's determination to instill essential discipline and oversight in the financial sector, which is plagued by widespread irregularities.
They embezzled Tk 30cr from banks using fake NIDs
The police’s Detective Branch (DB) has arrested four syndicate members, including an outsourcing employee of the NID server, for embezzling Tk 30 crore from various banks by using counterfeit National Identity cards.
