Remittance declined further in October, intensifying the pressure on the government to manage its macroeconomy amid plummeting foreign exchange reserves.

The City Bank Ltd made a Tk 330.55 crore consolidated profit after tax in the January to September period of 2022. 

Mutual Trust Bank logged a profit of Tk 223 crore in the January-September period of 2022. 

Standard Chartered Bangladesh and Friendship, which terms itself a social purpose organisation, recently signed an agreement to run a project for 750 residents of Ghughumari Char, a remote island in Kurigram. 

Dhaka Bank has announced winning a “2022 US Dollar Clearing Quality Recognition Award” from JP Morgan recently, saying it was for “consistent and quality performance of the bank’s funds transfer operation management in SWIFT MT202 payments”. 

Brac Bank took part in a “Remitters’ Festival-2022” at Expo Centre Sharjah in the UAE recently which was aimed at encouraging expatriates to send their hard-earned money home through legal channels, especially banking channels. 

The profit of Runner Automobiles fell 11 per cent year-on-year to Tk 27 crore in 2021-22 financial year.

Bangladesh Bank today asked banks to clear the import bills in time or they will lose licences for authorised dealer (AD) branches, which are dedicated to do foreign exchange businesses.

The City Bank Ltd reported a 10.60 per cent year-on-year increase in profit at Tk 112.85 crore in the July-September quarter of 2022.  

Uttara Bank Limited’s profit fell 26 per cent year-on-year to Tk 45.70 crore in the July-September quarter of 2022.  

The stock market regulator has formed an investigation committee to find the reasons behind the technical glitch that kept trading at the Dhaka Stock Exchange (DSE) halted for around three hours today.

Prime Bank Ltd has decided to issue an unsecured, non-convertible and redeemable subordinated bond of Tk 600 crore for seven years to enhance its capital base. 

Banks in Bangladesh today refixed the rates at which they would buy US dollars from exporters and foreign exchange houses that mobilise remittances from migrant workers.

Anwarul Islam, director of the department of offsite supervision at Bangladesh Bank, was promoted to be the executive director of the central bank today.

AB Bank and GD Assist, a subsidiary of Green Delta Insurance Company, signed an agreement recently offering the lender’s cardholders up to 10 per cent discount on different services under the latter’s health package. 

Shahjalal Islami Bank Ltd’s profit rose more than 36 per cent year-on-year to Tk 101.57 crore in the July-September quarter.

The High Court today wanted to know what action has been taken against the persons, including five deputy governors of Bangladesh Bank, who were reportedly involved in the financial scam of Tk 3,700 crore.

City Bank has announced that it would provide Bangladeshi migrants in Malaysia 2 per cent of whatever they send home as remittance on top of the 2.5 per cent provided by the government as an incentive. 

Bank Asia has signed an “Issuing Bank Agreement” with the Export-Import (Exim) Bank of India to avail a “Trade Assistance Programme” (TAP). 

Brac Bank in collaboration with the Department of Fire Service and Civil Defence conducted a fire-safety and emergency evacuation drill at the bank’s head office in Dhaka as part of its continuous effort to ensure workplace safety and security for its people.