RSB Industrial signs payroll banking deal with Eastern Bank

RSB Industrial Limited, a Chattogram-based industrial entity in the clothing, fashion, textile and fabrics sectors, recently signed a payroll banking agreement with Eastern Bank PLC..M Khorshed Anowar, deputy managing director and head of retail and SME banking at Eastern Bank PLC, and Anj
22 October 2024, 15:00 PM

Midland Bank strikes MoU with Sea Pearl Beach Resort & Spa

Midland Bank PLC yesterday signed a memorandum of understanding (MoU) with Sea Pearl Beach Resort & Spa, located on Inani Beach in Cox’s Bazar..Md Abdul Awal, group director of sales and marketing at the resort, and Md Rashed Akter, head of retail distribution division and chief bancassura
22 October 2024, 14:58 PM

Bank accounts of Sikder family members frozen

Transactions in bank accounts of 14 members of the family will remain blocked for 30 days
22 October 2024, 12:59 PM

Six state-run commercial banks get new MDs

The government has appointed managing directors for six state-owned commercial banks after keeping the posts vacant for more than a month.
21 October 2024, 18:11 PM

Zahid Hossain made Krishi Bank chairman

Mohammad Zahid Hossain joined Bangladesh Krishi Bank as its chairman on Sunday..Hossain previously performed his responsibilities as a principal economist for the South Asia Department at the Asian Development Bank (ADB), said a press release..He worked at the Manila-based multilater
21 October 2024, 15:49 PM

Bengal Commercial Bank opens branch in Narayanganj

Bengal Commercial Bank PLC recently opened a new branch in Narayanganj. This is the 30th branch of the bank, according to a press release..Md Jashim Uddin, chairman of the bank, inaugurated the branch..Ghulam Mohammed Alomgir, vice-chairman of the bank, and Mohammad Hatem, president
21 October 2024, 15:35 PM

Southeast Bank holds 745th board meeting

Southeast Bank PLC recently held its 745th board meeting at the bank’s head office in Dhaka..MA Kashem, chairman of the bank, presided over the meeting, the bank said in a press release..As one of the leading financial institutions in the country, the bank continues to show steady gr
21 October 2024, 15:35 PM

Bank Asia offers home finance at 'lowest rate'

Bank Asia PLC is currently offering home finance and investment facilities at its "lowest-ever profit rate", making it easier for people to build or own their dream homes..Under Bank Asia’s Islamic Banking services, customers can avail home finance or investment at a profit or rent rate of
21 October 2024, 15:19 PM

BB reduces repo auctions to one day a week

The new measure will be effective from November 1 this year
21 October 2024, 12:14 PM

Agrani Bank opens branch at Bashundhara Residential Area

Agrani Bank PLC yesterday opened the Bashundhara Residential Area branch in Dhaka to expand its banking services further..This is the 979th branch of the bank, according to a press release..Wahida Begum, chief executive officer (current charge) of the bank, inaugurated the branch as
20 October 2024, 16:01 PM

Citizens Bank holds business conference

Citizens Bank PLC recently organised a business conference, styled “Chairman’s Invitation”, at The Westin Dhaka in the capital with a view to having better insights regarding the overall health of the bank..Chowdhury Mohammed Hanif Shoeb, chairman of the bank, attended the conference as th
20 October 2024, 16:01 PM

Uttara Bank holds anti-money laundering conference

Uttara Bank PLC recently organised the “Anti-Money Laundering Conference-2024” at a hotel in the capital..Mohammed Rabiul Hossain, managing director and CEO of the bank, attended the conference as chief guest, the bank said in a press release..Md Abul Hashem, deputy managing director
19 October 2024, 14:59 PM

Eastern Bank signs home loan deal with JCX Developments

Eastern Bank PLC recently signed an agreement with real estate company JCX Developments to offer home loans to the customers purchasing property from the latter..M Khorshed Anowar, deputy managing director and head of retail and SME banking of the bank, and M Muhit Hassan, director of the
19 October 2024, 14:59 PM

Discounts for Al-Arafah Mastercard holders on Star Tech purchases

Al-Arafah Islami Bank PLC recently signed an agreement with Star Tech Limited, a computer, laptop and gaming PC retail and online shop in Bangladesh, to offer exclusive discounts for the bank's Mastercard holders..Mohammed Fazlur Rahman Chowdhury, deputy managing director of the bank, and
19 October 2024, 14:47 PM

UCB strikes deal to enhance banking services for Dmoney

United Commercial Bank (UCB) PLC recently signed an agreement with payment service provider Dmoney Bangladesh to improve banking services for the latter’s customers. .Mohammad Arif Hossain, chief executive officer of Dmoney Bangladesh, and Nabil Mustafizur Rahman, additional managing direc
17 October 2024, 15:17 PM

BRAC Bank introduces financing for safe water, sanitation

BRAC Bank, in collaboration with Water.org, a global nonprofit organisation, and its microfinance partners, has introduced financing for safe water supply and sanitation. .The bank marked the launch through a ceremony, styled “Improving Lives through Water Supply and Sanitation” at the Lak
17 October 2024, 15:16 PM

MTB distributes loans among Garo farmers in Madhupur

Mutual Trust Bank (MTB) PLC recently organised a loan disbursement programme for Garo farmers at Madhupur upazila of Tangail, the bank said in a press release..Under this initiative, 27 farmers received cheques to cultivate pineapples and bananas..Several farmers were able to open MT
17 October 2024, 15:01 PM

TK Group signs deal with StanChart to boost import financing

Standard Chartered Bangladesh recently signed an agreement with Chattogram-based TK Group of Industries to provide the conglomerate with trade solutions such as liquidity support and import financing. .Luthful Arefin Khan, country head of transaction banking at the multinational bank, and
17 October 2024, 14:59 PM

Sk Trims completes paying all due dividends

The company’s managing director says today
17 October 2024, 12:44 PM

NRB Bank opens 11 Islamic banking windows

NRB Bank PLC recently opened 11 Islamic banking windows..The windows are situated at the bank's different branches in Dhaka, Chattogram, Sylhet, Cumilla and Barishal, said a press release..Tareq Reaz Khan, managing director of the bank, virtually inaugurated the windows as chief gues
16 October 2024, 15:24 PM