Islamic banking in Bangladesh continued its steady growth trajectory as of May this year, driven by consistent increases in deposits, investments and remittances..According to the Islamic Banking and Finance Statistics (IBFS) report by the Bangladesh Bank for that month, several key indica

The Bangladesh Bank yesterday instructed six S Alam-owned banks to stop any money going out of the accounts in the name of the Chattogram-based business giant, its associates’ companies and related persons.

The BFIU found Tk 99.7 crore at the accounts of four companies of Md Akiz Uddin, also a former deputy managing director of Islami Bank Bangladesh

Mercantile Bank donated a financial relief package worth Tk 2 crore for the relief and rehabilitation of flood victims..The executive committee of the bank held an emergency meeting at its head office in Dhaka on August 22 and decided to allocate money for flood-affected people in the coun

Jamuna Bank’s employees donated the equivalent to one day’s salary to the Chief Adviser’s Relief and Welfare Fund in response to the devastating floods impacting communities across the country..This contribution reflects the bank’s deep commitment to social responsibility and its unwaverin

Dutch-Bangla Bank donated a financial relief package worth Tk 10 crore to provide relief to flood victims in various districts of the country..The executive committee of the bank’s board of directors held an emergency meeting at its office in Dhaka on August 22 and decided to donate to the

Prime Bank recently signed a partnership agreement with robishop.com.bd, an e-commerce platform..Md Nazeem A Choudhury, deputy managing director of the bank, and Shafiq Shamsur Razzaq, general manager for value-added service, new business and market operation of the e-commerce platform, pe

The BFIU also sought information related to their loan accounts with guarantee and loan repayment

After Islami Bank, S Alam Group’s control over Social Islami Bank ended yesterday after the Bangladesh Bank decided to dissolve the board of the Shariah-based bank that was heavily dominated by individuals linked to the conglomerate.

NRBC Bank today donated Tk 1 crore for relief efforts and committed to providing the equivalent of one day’s salary for all employees in flood-affected areas under its corporate social responsibility (CSR). .Half of the amount has been donated to the Chief adviser's Relief and Welfare Fund

Eastern Bank yesterday announced a financial relief package worth Tk 3 crore for flood victims under its corporate social responsibility (CSR) programme in response to the devastating flash floods that have severely impacted millions across Bangladesh..The aid will be directed to the Chief

National Bank Limited opened a relocated Mazar Road branch in Dhaka yesterday..Md Touhidul Alam Khan, managing director and CEO of the bank, inaugurated the branch as chief guest, according to a press release..He expressed optimism that the quality and scope of services for customers

Rupali Bank organised its 9th extraordinary general meeting (EGM) and 38th annual general meeting (AGM) at the bank’s head office in Dhaka yesterday..Md Nazrul Huda, chairman of the bank, presided over the meeting, the bank said in a press release..Shah Alam, additional secretary of

Southeast Bank recently signed an agreement with Genex Infosys, an information technology solutions and services provider in Bangladesh..Nuruddin Md Sadeque Hossain, managing director of the bank, and Shah Jalal Uddin, managing director and CEO of Genex Infosys, penned the deal at the bank

BRAC Bank yesterday announced a financial aid package worth Tk 5 crore to support the Bangladesh Air Force (BAF) in its ongoing rescue and relief operations in flood-affected areas across the country..The decision, made with the support of the board of directors, underscores the bank’s com

The DSE Brokers Association of Bangladesh wants appointment of seven new independent directors for the DSE board

Bank accounts of their business entities will also remain frozen for the next 30 days

Three months ago, the policy rate was hiked for the last time by 50 basis points to 8.5%

The board has one director and four independent directors

The panel gets 90 days to prepare and submit the paper