Eastern Bank PLC inaugurated its 21st priority centre for customers at Uttara Model Town in Dhaka yesterday..Located at Canyon Tower on Sonargaon Janapath Road, the centre will offer personalised and world-class banking services to clients, the bank said in a press release..Ali Reza

Bank Asia has recently organised its 47th Shariah Supervisory Committee meeting at Bank Asia Tower in the capital’s Karwan Bazar..Mufti Shahed Rahmani, chairman of a reconstituted Shariah Supervisory Committee of the bank, Maulana Shah Mohammad Wali Ullah, member secretary, and Maulana Muh

In the first week of July, the Bangladesh Bank and Islami Bank Bangladesh completed a US dollar-taka trade, a typical mutual currency deal, which was supposed to replenish the central bank’s dwindling forex reserves and provide the cash-strapped Shariah-based lender with some liquidity support.<

The International Division of Southeast Bank PLC has been awarded the International Organisation for Standardization (ISO) certification by the Bureau Veritas (Bangladesh) Pvt Ltd, a globally recognised certification body for establishing a quality management system..Nuruddin Md Sadeque Ho

Union Bank’s newly constituted board of directors held their first meeting at the bank’s head office in Dhaka recently..Md Fariduddin Ahmed, chairman of the bank, presided over the meeting, the bank said in a press release..Md Humayun Kabir, Mohammed Saiful Alam, Shahidul Islam Zahid

Pubali Bank PLC recently organised an orientation programme for newly recruited probationary junior officers..A total of 136 officers took part in the five-day long programme at the bank’s head office in Dhaka..The course is designed to familiarise the participants with the concepts,

Mohammad Abdul Mannan has recently been made chairman of the reconstituted board of directors of First Security Islami Bank PLC..Previously, Mannan served as managing director of Islami Bank Bangladesh PLC for a long time, according to a press release..Although there were some previo

A new chairman has been appointed at state-owned Agrani Bank, according to a letter issued by Financial Institutions Division under the Ministry of Finance yesterday..The appointee, Syed Abu Naser Bukhtear Ahmed, was once appointed by the government in 2004 to serve as the managing directo

BRAC Bank’s branch network logged net deposit growth of Tk 1,600 crore in August this year..This is a commendable achievement as the growth has been accomplished despite the unstable political situation in the country, which caused prolonged disruption of banking operations, according to a

Shahjalal Islami Bank PLC recently donated a financial relief package worth Tk 1.50 crore for flood-affected people in different districts of the country under its corporate social responsibility (CSR) programme..The aid will be deposited to the Chief Adviser’s Relief and Welfare Fund for

Midland Bank PLC recently donated a financial relief package worth Tk 60 lakh for flood-affected people in different districts of the country..Of the sum, Tk 50 lakh came from its Annual Corporate Social Responsibility (CSR) Programme 2024, the bank said in a press release..The bank

Asif Zahir was recently appointed as chairman of National Finance Ltd..Zahir is the deputy managing director of Ananta Group, a conglomerate engaged in apparel and textile manufacturing, real estate, digital commerce and financial services, according to a press release..He is part of

Shahjalal Islami Bank PLC signed a remittance drawing agreement with Placid Express, a USA-based remittance company..Mosleh Uddin Ahmed, managing director of the bank, and Mohammed Rashid, director of the USA-based remittance company, penned the deal at the bank’s corporate head office in

National Bank Limited recently opened a relocated Mohila branch at Rupnagar in the capital's Mirpur..Md Touhidul Alam Khan, managing director and CEO of the bank, inaugurated the branch as chief guest, according to a press release..Imran Ahmed, deputy managing director, was present a

Three state-run banks far exceeded their limits to salvage a coal-fired power plant project of an Orion Group subsidiary, which was stalled for six years, with Tk 10,579 crore in loans thanks to policy relaxation by the Bangladesh Bank under the now-ousted Sheikh Hasina government.

Pubali Bank PLC has donated a financial relief package worth Tk 5 crore for flood-affected people in different districts of the country..The aid will be given to the Chief Adviser’s Relief and Welfare Fund..Additionally, the bank’s employees have contributed Tk 1 crore, the equivalen

Md Fariduddin Ahmed has been appointed as chairman and an independent director of Union Bank by Bangladesh Bank..Farid has extensive experience in Islamic banking and finance, according to a press release..He started his professional banking career with Sonali Bank in 1977..He

Md Anwarul Haque has been elected chairman of Mercantile Bank..Haque was the vice-chairman as well as the chairman of the executive committee and risk management committee concurrently prior to the new responsibility, the bank said in a press release..He is also the managing director

Prime Bank recently launched a new Islamic payroll banking service named “Prime Hasanah Payroll Banking” to meet the growing demand for Shariah-compliant financial solutions..Nazeem A Choudhury, deputy managing director of the bank, inaugurated the service at the bank’s corporate head offi

Eastern Bank Limited (EBL) yesterday launched a new financial service named “Shariah-based Islamic Banking Services”..Primarily, the services will be provided in 20 branches of the bank across the country through 20 Islamic banking windows..There will also be designated Islamic banki