Selecting a nominee is an important part while opening a bank account -- individual or joint -- as well as making investments in the form of savings schemes such as a fixed deposit receipt.

Listed banks in Bangladesh posted higher profit in the January to September period on the back of higher income from their investment in the stock market, a pick-up in credit demand and lower expenses.

Standard Chartered Bangladesh has recently signed an agreement with IDLC Finance for the latter to use its “Straight2Bank Pay” solution. 

The Asian Infrastructure Investment Bank (AIIB) is set to provide $250 million loan for Bangladesh's economic recovery from the fallout induced by the Covid-19 pandemic.

Standard Chartered Bangladesh has executed the country’s first sustainable trade finance transaction locally.

The Bank of England could this week raise its main interest rate for the first time in more than three years to rein in surging inflation as economies reopen from pandemic lockdowns, analysts say.

Standard Chartered forecast flat income for the full year amid “uneven” economic recovery from the pandemic, even as it turned in a stronger-than-expected quarterly pre-tax profit, sending its shares lower on Tuesday.

City Bank has arranged a Tk 742 crore syndicated loan with Bank Asia and Eastern Bank for a heavy fuel oil-based power plant being run by Manikganj Power Generations Ltd.

Standard Chartered Bangladesh has executed the country’s first sustainable trade finance transaction locally.

The Bangladesh Bank today relaxed rules for its Tk 3,000 crore stimulus package dedicated to the low-income professionals, marginal farmers and micro-enterprises.

The Bangladesh Bank today further extended the relaxed condition to send foreign currency for higher education, research and training of Bangladeshi students abroad.

UK-based finance institution CDC Group has committed a $30 million trade finance loan to Prime Bank Limited.

Brac EPL Stock Brokerage Ltd has signed a tri-party agreement with Magnus Corporation Ltd and DirectFN over an order management system at its Dhaka office recently. 

Three private banks yesterday said their profits soared in the first nine months of the current year powered by increased business.

The International Finance Corporation (IFC) and Bangladesh Financial Intelligence Unit (BFIU) will work together to develop an electronic know your customer (eKYC) infrastructure to fast-track financial inclusion.

Mastercard and Brac Bank today announced the launch of the Mastercard Millennial Titanium Credit Card, catering exclusively to the lifestyle and aspiration of millennials and young working professionals in Bangladesh.

The Bangladesh Bank has not yet taken any punitive measure against Union Bank despite finding a fund mismatch at a vault of the lender’s Gulshan branch.

The Anti-Corruption Commission has filed a case against former chairman of South Bangla Agriculture and Commerce Bank SM Amzad Hossain and six others for allegedly misappropriating Tk 20.6 crore from the private lender.

The breakneck pace of innovation disrupting the financial sector has ushered in a level of uncertainty which the sector has not faced before. New entrants and a rapidly changing business model have provided customers with a multiplicity of options.

Thengamara Mohila Sabuj Sangha (TMSS) recently signed an agreement with bKash enabling its members to both receive microfinance loans and pay monthly instalments through the mobile financial service provider.