Chinese firm Baida Industrial to invest $1.26 million in Uttara EPZ

The company will produce 8,000 tonnes of printed materials and packaging products every year
30 July 2024, 11:23 AM

Eastern Bank wins Euromoney’s Best Bank award

Eastern Bank recently won awards in two categories at the “Euromoney Awards for Excellence 2024” held in London..The categories are “Best Bank” and “Best Bank for Corporate Responsibility”..Eastern Bank is the first bank in Bangladesh to receive the coveted “Best Bank” award for the
29 July 2024, 14:54 PM

Standard Bank declares 5% dividends

Standard Bank yesterday declared 5 percent dividends, including 2.5 percent cash dividend, for the year that ended on December 31, 2023..The declaration came at the bank’s 25th annual general meeting (AGM), which was held at the Police Convention Hall on Eskaton Garden Road in the capital’
29 July 2024, 14:32 PM

Stocks fall for second consecutive day

The DSEX declined 0.99% to end the day at 5,330
29 July 2024, 13:43 PM

ONE Bank declares 7% dividends

ONE Bank announced 7 percent dividends, including 3.5 percent cash dividend, for the year that ended on December 31, 2023..The announcement came at the bank’s 25th annual general meeting (AGM), which was held at the Lakeshore Grand hotel in the capital’s Gulshan recently, the bank said in
28 July 2024, 14:27 PM

Businesses asked to assess impact of violence centring quota protests

Salman F Rahman says in a meeting with business leaders
28 July 2024, 13:56 PM

Banks asked to hike USD rate for inward remittance

The move was taken to boost remittance inflow
28 July 2024, 12:51 PM

Internet outage, curfew: Default loans to soar, banks’ profit to dip

Bankers are dreading a big drop in their profits as their defaulted loans are likely to increase further due to the curfew and the five-day internet blackout.
27 July 2024, 18:00 PM

All bank branches to open tomorrow

All branches of commercial banks will open from tomorrow to offer banking services for a limited period, a Bangladesh Bank official told The Daily Star today.
27 July 2024, 13:42 PM

Khairul Alam re-elected as AB Bank chairman

Khairul Alam Choudhury has recently been re-elected as the chairman of AB Bank for a second consecutive term..Choudhury is a senior lawyer of the Supreme Court of Bangladesh, the bank said in a press release..He graduated from the University of Wolverhampton in 2001 and completed a p
25 July 2024, 16:07 PM

IFIC Bank launched IFIC Islamic

IFIC Bank launched a full range of Shariah-compliant banking services, styled “IFIC Islamic”, aiming to offer comprehensive Islamic financial solutions alongside its conventional banking services..Salman F Rahman, the prime minister's adviser on private industry and investment, and chairma
25 July 2024, 15:49 PM

Shahjalal Islami Bank makes Tk 167 crore profit in Apr-Jun

The bank made Tk 166.79 crore in the same period previous year
25 July 2024, 11:48 AM

Banks, NBFIs asked not to impose late fees

Banks and non-bank financial institutions (NBFIs) have been asked to refrain from imposing fees or interest on delayed repayment of loan and saving scheme instalments and credit card bills between July 18 and July 25.
24 July 2024, 18:00 PM

Banks face cash withdrawal pressure

As banks reopened after three days of general holidays, most lenders had to contend with cash withdrawal pressure while some faced disruptions in conducting foreign transactions.
24 July 2024, 18:00 PM

NRB Bank launches offshore banking

NRB Bank recently launched an offshore banking unit (OBU) with the slogan “Banking Beyond Boundary”..Mohammed Mahtabur Rahman, chairman of the bank, inaugurated the unit at the bank’s corporate head office in Dhaka, the bank said in a press release..Golam Kabir and Mohammed Jamil Iqb
24 July 2024, 14:59 PM

BRAC Bank rebrands its corporate banking division as corporate and institutional banking

BRAC Bank recently rebranded its corporate banking division as corporate and institutional banking division, illustrating a significant shift in its strategic direction..The announcement came during the division’s half-yearly review meeting at the bank’s head office in Dhaka, the bank said
24 July 2024, 14:51 PM

Waive demurrage charges at ports: FBCCI

It also demanded no new charges to be imposed when shipment begins
24 July 2024, 10:28 AM

Banks see cash withdrawal, bill payment pressure

Banks reopened today after three days of additional general holidays
24 July 2024, 08:14 AM

Banks reopen today from 11am to 3pm

Banks are set to re-open today from 11:00am to 3:00pm after four days of general holidays.
23 July 2024, 18:00 PM

BB identifies risks to economic stability

The Bangladesh Bank has identified several macroeconomic challenges that are hurting the economy such as higher inflation and widening income inequality.
18 July 2024, 18:00 PM