Bangladesh Bank data finds

Distressed Islami Bank has approved a Tk 700 crore loan to a concern of AnonTex Group, one of the five large borrowers of Janata Bank that has been enjoying undue facilities despite making negligible repayment in 13 years.

City Bank has recently promoted Saif Ullah Kowchar, its senior executive vice-president, to the post of deputy managing director (DMD).

Premier Bank Ltd together with Mastercard launched a travel business prepaid card for travel agents yesterday.

Money spent through credit cards fell by 2.96 percent in July compared to the previous month, showed data from the Bangladesh Bank (BB).

Liquidity in Shariah-based banks in Bangladesh remains tight due to a dip in deposit collection and the banks’ inability to make the most of the central bank support to overcome the situation, Moody’s Investors Service said in a report.

Eastern Bank PLC and Daraz Bangladesh have launched cobranded Visa cards through a programme at the bank’s head office on Wednesday. 

AB Bank Ltd signed a memorandum of understanding (MoU) with private airline Air Astra at the former’s head office in Dhaka yesterday.

Shimanto Bank recently signed a memorandum of understanding (MoU) with Medix, a concern of United Healthcare Services Ltd.

Al-Arafah Islami Bank Ltd (AIBL) yesterday signed a participating financial institution (PFI) agreement with Bangladesh Bank to avail pre-financing under a project styled ‘Program to Support Safety Retrofits and Environmental Upgrades in the Bangladeshi RMG sector Project (SREUP)’.

Mutual Trust Bank (MTB) launched a two-day “MTB Home Loan Carnival 2023” at Dhaka Export Processing Zone (DEPZ) yesterday with the theme of “Unlock Your Dream Home”. 

The Islamic banking sector in Bangladesh continues to face liquidity challenges because of weak governance and regulatory quality, Fitch Ratings said.

Troubled state-run lender Janata Bank continues to be overly lenient towards AnonTex Group, one of its five large borrowers, despite negligible loan recovery in 13 years from the garment manufacturer.

AB Bank Ltd signed an agreement with bKash yesterday enabling remittance to be sent directly to the beneficiary’s mobile financial service (MFS) wallet through the lender. 

IFIC Bank PLC has recently promoted a senior executive vice-president to the post of deputy managing director (DMD). 

Prime Bank signed an agreement with Prime Bank Securities Limited (PBSL) recently to provide automated banking solutions through its digital platform PrimePay. 

United Commercial Bank (UCB) organised a daylong agricultural entrepreneurship skills development trainings styled “Voroshar Notun Janala” under an Agro-CSR Project 2023 at Nehal Green Park in Kishoreganj and at Regional Cooperative Training Centre in Narsingdi yesterday. 

IFIC Bank PLC has recently promoted a senior executive vice-president to the post of deputy managing director (DMD).

Community Bank Bangladesh Ltd organised a celebration at the police headquarters yesterday marking its fourth anniversary. 

Mercantile Bank PLC organised a conference on “Prevention of Money Laundering and Combating Financing of Terrorism” in Feni recently for agent outlets of Cumilla and Noakhali.