The amount hit $589 million in the first two months of FY25

Southeast Bank elects its founding chairman MA Kashem as its new chairman

The Bangladesh Bank (BB) today expanded the size of the refinancing fund meant for marginalised communities to Tk 750 crore from previous Tk 500 crore, with a priority to extend financial coverage to flood victims across Bangladesh. .The refinance fund is for the small bank account h

MA Kashem was elected as chairman of Southeast Bank PLC at the bank’s 743rd board meeting yesterday..Kashem is the founder chairman and sponsor director of the bank, said a press release..He is the chairman of Rose Corner (Pvt) Limited and a member of North South University Trust and

Headed by Bangladesh Bank governor, the nine-member task force became operational with immediate effect

Eastern Bank PLC yesterday opened a priority banking centre at its Uposhohor branch on Shahjalal Uposhohor Road at NK Trade Centre in Sylhet town..This is the 22nd “Priority Centre” of the bank to offer personalised and world-class banking services to its clients, the bank said in a press

The banks’ unclassified rescheduled loan also rose, according to Financial Stability Report 2023

United Commercial Bank (UCB) PLC is on the verge of incurring losses of around Tk 75 crore as one-third of its total share market investment has been on a lone stock that has undergone price manipulation.

United Commercial Bank (UCB) recently signed an agreement with BAF Shaheen College Chattogram to enhance the tuition fee payment process..Md Sekander-E-Azam, head of transaction banking at the bank, and Group Captain Saleh Ahmed Khan, principal of BAF Shaheen College, penned the deal at BA

Community Bank Bangladesh PLC recently organised its 57th board meeting at the Police Headquarters in the Gulistan area of Dhaka..Md Mainul Islam, inspector general (IG) of Bangladesh Police and chairman of the bank, presided over the meeting, according to a press release..During the

Midland Bank PLC recently got the Bangladesh Bank’s approval to sell different types of insurance products to its customers under a bancassurance business agreement..Mohammad Shahriar Siddiqui, director of the Banking Regulation and Policy Department (BRPD) of the central bank, handed over

Social Islami Bank held its 518th board meeting at the bank's head office in Dhaka yesterday. .Prof M Sadiqul Islam, chairman of the bank, presided over the meeting, the bank said in a press release..Islam said that the bank would turn around soon and that the Bangladesh Bank had alr

Eastern Bank PLC launched its 41st sub-branch at Doulatdiar in Chuadanga yesterday..M Khorshed Anowar, the bank’s deputy managing director and head of retail and SME banking, inaugurated the sub-branch, said a press release..Opening of the sub-branch is a part of the bank’s financial

Bangladesh Bank yesterday instructed banks to refrain from traditional mechanisms of making direct payments to lenders in countries which are members of Asian Clearing Union (ACU)..Banks would have to instead adhere to the ACU mechanism of conducting transactions through central banks when

Abu Reza Md Yeahia has joined First Security Islami Bank PLC as additional managing director (AMD)..Yeahia was previously serving as additional managing director of Social Islami Bank PLC, the bank said in a press release..During his 35-year career, Yeahia has assumed the role of<B><

Standard Bank PLC organised a training programme on investment for selected officials from the head office and branches in a bid to enhance banking knowledge and efficiency..Md Habibur Rahman, managing director and CEO, inaugurated the two-day programme as chief guest at the bank’s Learnin

Southeast Bank PLC announced a 10 percent dividend, including a 6 percent cash dividend, for the year that ended on December 31, 2023..The announcement came at the bank’s 29th annual general meeting, which was held virtually yesterday..Alamgir Kabir, chairman of the bank, presided ov

Midland Bank PLC recently signed a memorandum of understanding (MoU) with ACE Autos and ACE Workshop, a local car importer and its automobile repair shop, under which the bank’s cardholders will enjoy special discounts on auto purchase and servicing..Saleh Mujtaba Khaled, chief operating o

The two-wheeler market is facing a product shortage

Abu Nasser Muhammad Abduz Zaher resigned from the bank and left for London in 2015